Platinum Plumbing Heating & Bathrooms - Abbreviated accounts 16.1

REGISTERED NUMBER: 08989335 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

PLATINUM PLUMBING HEATING & BATHROOMS

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

L I Mountford

REGISTERED OFFICE:

8 Curzen Crescent

Kirk Sandall

DONCASTER

South Yorkshire

DN3 1PR

REGISTERED NUMBER:

08989335 (England and Wales)

ACCOUNTANTS:

AMH Accountancy Services Limited

12a South Parade

DONCASTER

South Yorkshire

DN1 2DY

FIXED ASSETS

Intangible assets

2

6,300

8,400

Tangible assets

3

10,112

7,184

16,412

15,584

CURRENT ASSETS

Stocks

4,518

-

Debtors

662

2,303

Cash at bank

2,530

877

7,710

3,180

CREDITORS

Amounts falling due within one year

23,886

22,337

NET CURRENT LIABILITIES

(16,176

)

(19,157

)

TOTAL ASSETS LESS CURRENT LIABILITIES

236

(3,573

)

CREDITORS

Amounts falling due after more than one year

4,594

-

NET LIABILITIES

(4,358

)

(3,573

)

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

(4,359

)

(3,574

)

SHAREHOLDERS' FUNDS

(4,358

)

(3,573

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 16 August 2016 and were signed by:

L I Mountford - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

10,500

AMORTISATION

At 1 May 2015

2,100

Amortisation for year

2,100

At 30 April 2016

4,200

NET BOOK VALUE

At 30 April 2016

6,300

At 30 April 2015

8,400

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

9,466

Additions

10,689

Disposals

(5,994

)

At 30 April 2016

14,161

DEPRECIATION

At 1 May 2015

2,282

Charge for year

3,266

Eliminated on disposal

(1,499

)

At 30 April 2016

4,049

NET BOOK VALUE

At 30 April 2016

10,112

At 30 April 2015

7,184

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary

1

1

1