Abbreviated Company Accounts - SWINDON PLUMBING SUPPLIES LIMITED

SWINDON PLUMBING SUPPLIES LIMITED - Company Information

Registered Number 03355582

SWINDON PLUMBING SUPPLIES LIMITED

Abbreviated Accounts

31 December 2013

SWINDON PLUMBING SUPPLIES LIMITED Registered Number 03355582

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	66,366	59,313
Investments	3	1,300	1,300
		67,666	60,613
Current assets
Stocks		468,588	501,810
Debtors		732,747	587,346
Cash at bank and in hand		196,412	95,908
		1,397,747	1,185,064
Creditors: amounts falling due within one year		(691,689)	(547,305)
Net current assets (liabilities)		706,058	637,759
Total assets less current liabilities		773,724	698,372
Creditors: amounts falling due after more than one year		(9,329)	-
Provisions for liabilities		(1,552)	-
Total net assets (liabilities)		762,843	698,372
Capital and reserves
Called up share capital		8	8
Other reserves		2	2
Profit and loss account		762,833	698,362
Shareholders' funds		762,843	698,372

For the year ending 31 December 2013 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 30 September 2014

And signed on their behalf by:
S M Emms, Director
J R Gleed, Director

SWINDON PLUMBING SUPPLIES LIMITED Registered Number 03355582

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared in accordance with statements of standard accounting practice and financial reporting standards issued by UK accountancy bodies. The particular accounting policies adopted are described below.

Accounting convention

The financial statements have been prepared under the historical cost convention

Turnover policy
Turnover represents the net amount invoiced for goods and services less trade discounts excluding value added tax, plus work in progress and attributable to one activity carried on in the UK.

Tangible assets depreciation policy
Depreciation is provided on a basis to write off the cost over the estimated lives of the assets. The rates of depreciation are as follows:

Leasehold Improvements Over 5 years straight line
Plant & Equipment 25% on reducing balance
Motor Vehicles 25% on reducing balance
Office Equipment 25% on reducing balance
Fixtures & Fittings 25% on reducing balance

Other accounting policies
Deferred taxation

Deferred taxation is provided on all timing differences arising from the inclusion of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements, except where the tax reduction is expected to continue for the future.

2Tangible fixed assets

	£
Cost
At 1 January 2013	250,667
Additions	32,035
Disposals	(34,338)
Revaluations	-
Transfers	-
At 31 December 2013	248,364
Depreciation
At 1 January 2013	191,354
Charge for the year	20,572
On disposals	(29,928)
At 31 December 2013	181,998
Net book values
At 31 December 2013	66,366
At 31 December 2012	59,313

3Fixed assets Investments
Other Investments
Investment at cost at 31 December 2012 and 31 December 2013 £1,300
No provision for diminution in value