Performance Heating & Plumbing Ltd. - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 07651121 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2016

for

Performance Heating & Plumbing Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D McMenamin

REGISTERED OFFICE:

67 Westow Street

London

SE19 3RW

REGISTERED NUMBER:

07651121 (England and Wales)

ACCOUNTANTS:

Fitzgerald Mithia Springer Limited

Chartered Accountants

67 Westow Street

Upper Norwood

London

SE19 3RW

FIXED ASSETS

Tangible assets

5

2,064

2,752

CURRENT ASSETS

Stocks

1,400

1,275

Debtors

6

3,685

5,223

Cash at bank

30,809

20,137

35,894

26,635

CREDITORS

Amounts falling due within one year

7

32,029

21,079

NET CURRENT ASSETS

3,865

5,556

TOTAL ASSETS LESS CURRENT LIABILITIES

5,929

8,308

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,829

8,208

SHAREHOLDERS' FUNDS

5,929

8,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 14 December 2016 and were signed by:

D McMenamin - Director

1.	STATUTORY INFORMATION

Performance Heating & Plumbing Ltd. is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102. There were no transition adjustments.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the recognition

of certain financial assets and liabilities measured at fair value.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

5.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2015

and 31 March 2016

7,340

DEPRECIATION

At 1 April 2015

4,588

Charge for year

688

At 31 March 2016

5,276

NET BOOK VALUE

At 31 March 2016

2,064

At 31 March 2015

2,752

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

3,685

5,223

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Taxation and social security

6,929

2,093

Other creditors

25,100

18,986

32,029

21,079

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 were paid to the director .

The company is controlled throughout the previous and current period by Mr D Mc Menamin, who owns 100%

of issued ordinary share capital.

At 31 March 2016, the company owed £22,740 (2015: £17,186) to the director and is included in creditors. This

loan is unsecured, interest free and repayable on demand.