CHOICE_PLUMBING_&_HEATING - Accounts

CHOICE MECHANICAL & ELECTRICAL CONTRACTORS (MIDLANDS) LIMITED - Company Information

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Company Registration No. 04454406 (England and Wales)

CHOICE PLUMBING & HEATING (MIDLANDS) LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

CHOICE PLUMBING & HEATING (MIDLANDS) LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

CHOICE PLUMBING & HEATING (MIDLANDS) LTD

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

12,446

15,557

Tangible assets

52,272

51,300

64,718

66,857

Current assets

Stocks

53,201

57,024

Debtors

943,184

1,078,086

Cash at bank and in hand

31,890

200,242

1,028,275

1,335,352

Creditors: amounts falling due within one year

(660,255)

(984,923)

Net current assets

368,020

350,429

Total assets less current liabilities

432,738

417,286

Creditors: amounts falling due after more than one year

(589)

Provisions for liabilities

(8,231)

(7,578)

424,507

409,119

Capital and reserves

Called up share capital

100

Profit and loss account

424,407

409,019

Shareholders' funds

424,507

409,119

CHOICE PLUMBING & HEATING (MIDLANDS) LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 NOVEMBER 2015

- 2 -

For the financial year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 11 August 2016

Mr S F Bowen

Mr J Bishop

Director

Company Registration No. 04454406

CHOICE PLUMBING & HEATING (MIDLANDS) LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 3 -

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

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

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:

Plant and machinery

20% reducing balance

Computer equipment

25% reducing balance

Fixtures, fittings & equipment

20% reducing balance

Motor vehicles

25% reducing balance

1.6

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

CHOICE PLUMBING & HEATING (MIDLANDS) LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 December 2014

31,114

90,279

121,393

Additions

15,080

Disposals

(2,250)

At 30 November 2015

31,114

103,109

134,223

Depreciation

At 1 December 2014

15,557

38,980

54,537

On disposals

(620)

Charge for the year

3,111

12,477

15,588

At 30 November 2015

18,668

50,837

69,505

Net book value

At 30 November 2015

12,446

52,272

64,718

At 30 November 2014

15,557

51,300

66,857

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £442 (2014 - £2,356).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100