Abbreviated Company Accounts - SWINDON PLUMBING SUPPLIES LIMITED

Abbreviated Company Accounts - SWINDON PLUMBING SUPPLIES LIMITED

SWINDON PLUMBING SUPPLIES LIMITED - Company Information

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Registered Number 03355582

SWINDON PLUMBING SUPPLIES LIMITED

Abbreviated Accounts

31 December 2015

SWINDON PLUMBING SUPPLIES LIMITED Registered Number 03355582

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 35,224 49,431
Investments 3 1,300 1,300
36,524 50,731
Current assets
Stocks 444,684 480,039
Debtors 794,593 885,888
1,239,277 1,365,927
Creditors: amounts falling due within one year (424,506) (625,802)
Net current assets (liabilities) 814,771 740,125
Total assets less current liabilities 851,295 790,856
Creditors: amounts falling due after more than one year - (1,903)
Provisions for liabilities (3,537) (4,872)
Total net assets (liabilities) 847,758 784,081
Capital and reserves
Called up share capital 4 8 8
Other reserves 2 2
Profit and loss account 847,748 784,071
Shareholders' funds 847,758 784,081
  • For the year ending 31 December 2015 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 26 September 2016

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 2015

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 2015 248,364
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2015 248,364
Depreciation
At 1 January 2015 198,933
Charge for the year 14,207
On disposals -
At 31 December 2015 213,140
Net book values
At 31 December 2015 35,224
At 31 December 2014 49,431

3Fixed assets Investments
Other Investments at cost £1,300 at 31 December 2014 and 31 December 2015

4Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
8 Ordinary shares of £1 each 8 8

Gleemms Limited is the ultimate holding company, which is owned as to 100% by the directors of Swindon Plumbing Supplies Limited