Company Registration No. 04664678 (England and Wales)
MENWEST PLUMBING & HEATING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2015
MENWEST PLUMBING & HEATING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MENWEST PLUMBING & HEATING LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,442
255
Current assets
Stocks
2,000
2,000
Debtors
224,957
183,898
226,957
185,898
Creditors: amounts falling due within one year
(184,670)
(184,262)
Net current assets
42,287
1,636
Total assets less current liabilities
43,729
1,891
Creditors: amounts falling due after more than one year
(4,624)
(10,583)
39,105
(8,692)
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
38,105
(9,692)
Shareholders' funds
39,105
(8,692)
For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 13 May 2016
J Lewington
Director
Company Registration No. 04664678
MENWEST PLUMBING & HEATING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of value added tax . Income is recognised in the period to which it relates.. Income is recognised in the period to which it relates.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% straight line
Fixtures and fittings
25% reducing balance
Motor vehicles
1.5
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
MENWEST PLUMBING & HEATING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2014
6,286
Additions
1,323
At 31 July 2015
7,609
Depreciation
At 1 August 2014
6,031
Charge for the year
136
At 31 July 2015
6,167
Net book value
At 31 July 2015
1,442
At 31 July 2014
255
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
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