Top Gas Heating & Plumbing Limited - Period Ending 2016-04-30

Registration number: 05436069

Top Gas Heating & Plumbing Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

L J Hall & Co
Chartered Certified Accountants
36 Dirac Road
Ashley Down
Bristol
BS7 9LP

Top Gas Heating & Plumbing Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 6

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Top Gas Heating & Plumbing Limited
for the Year Ended 30 April 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Top Gas Heating & Plumbing Limited for the year ended 30 April 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Top Gas Heating & Plumbing Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Top Gas Heating & Plumbing Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Top Gas Heating & Plumbing Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Top Gas Heating & Plumbing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Top Gas Heating & Plumbing Limited. You consider that Top Gas Heating & Plumbing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Top Gas Heating & Plumbing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

L J Hall & Co
Chartered Certified Accountants
36 Dirac Road
Ashley Down
Bristol
BS7 9LP

12 September 2016

Page 1

Top Gas Heating & Plumbing Limited
(Registration number: 05436069)
Abbreviated Balance Sheet at 30 April 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					27,086			12,572
Current assets
Debtors					24,185			19,748
Cash at bank and in hand					14,703			16,740
					38,888			36,488
Creditors: Amounts falling due within one year					(39,962)			(37,317)
Net current liabilities					(1,074)			(829)
Total assets less current liabilities					26,012			11,743
Creditors: Amounts falling due after more than one year					(20,474)			(9,222)
Provisions for liabilities					(5,417)			(2,514)
Net assets					121			7
Capital and reserves
Called up share capital		3			100			2
Profit and loss account					21			5
Shareholders' funds					121			7

For the year ending 30 April 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 1 September 2016 and signed on its behalf by:

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 2

Top Gas Heating & Plumbing Limited
(Registration number: 05436069)
Abbreviated Balance Sheet at 30 April 2016
......... continued

.........................................
Mr D A Southard
Director

.........................................
Mr G J Bacon
Director

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 3

Top Gas Heating & Plumbing Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% on reducing balance
Equipment	25% on reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 4

Top Gas Heating & Plumbing Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		38,211			38,211
Additions		28,990			28,990
Disposals		(12,913)			(12,913)
At 30 April 2016		54,288			54,288
Depreciation
At 1 May 2015		25,639			25,639
Charge for the year		9,028			9,028
Eliminated on disposals		(7,465)			(7,465)
At 30 April 2016		27,202			27,202
Net book value
At 30 April 2016		27,086			27,086
At 30 April 2015		12,572			12,572

Page 5

Top Gas Heating & Plumbing Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary 'A' Shares of £1 each		50			50			1			1
Ordinary 'B' Shares of £1 each		25			25			1			1
Ordinary 'C' Shares of £1 each		25			25			-			-
		100			100			2			2

New shares allotted

During the year 49 Ordinary 'A' Shares having an aggregate nominal value of £49 were allotted for an aggregate consideration of £49. New share issue.

During the year 24 Ordinary 'B' Shares having an aggregate nominal value of £24 were allotted for an aggregate consideration of £24. New share issue.

During the year 25 Ordinary 'C' Shares having an aggregate nominal value of £25 were allotted for an aggregate consideration of £25. New share issue.

4	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr D A Southard
Amounts advanced	8,000	-	4,571	-
Amounts repaid	-	4,571	-	213
	8,000	4,571	4,571	213
Mr G J Bacon
Amounts advanced	8,000	-	4,571	-
Amounts repaid	-	4,571	-	213
	8,000	4,571	4,571	213
Mr M J Southard
Amounts advanced	25	-	-	-
Amounts repaid	-	-	-	-
	25	-	-	-

Page 6