Pipedown Plumbing Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05473598 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

PIPEDOWN PLUMBING LIMITED

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

T Prentice

SECRETARY:

Mrs. S K Prentice

REGISTERED OFFICE:

10 Station Court

Station Approach

Wickford

Essex

SS11 7AT

BUSINESS ADDRESS:

1E Sail House

Ship Wharf

Colchester

Essex

CO2 8YP

REGISTERED NUMBER:

05473598 (England and Wales)

ACCOUNTANTS:

Lescott Limited

Chartered Certified Accountant

10 Station Court

Station Approach

Wickford

Essex

SS11 7AT

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Pipedown Plumbing Limited for the year ended 31 March 2016 which comprise the Profit and

Loss Account, the Balance Sheet, and the related notes 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/rulebook.

This report is made solely to the director of Pipedown Plumbing Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pipedown Plumbing Limited and state those matters that we have agreed to state to the director of Pipedown Plumbing Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Pipedown Plumbing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pipedown Plumbing Limited. You consider that Pipedown 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 financial statements of Pipedown 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 financial statements.

Lescott Limited

Chartered Certified Accountant

10 Station Court

Station Approach

Wickford

Essex

SS11 7AT

19 December 2016

FIXED ASSETS

Tangible assets

2

2,400

4,800

CURRENT ASSETS

Debtors

3

25,888

28,831

Cash in hand

30

25,918

28,861

CREDITORS

Amounts falling due within one year

7,908

11,582

NET CURRENT ASSETS

18,010

17,279

TOTAL ASSETS LESS CURRENT
LIABILITIES

20,410

22,079

CREDITORS

Amounts falling due after more than one
year

(1,549

)

(3,339

)

PROVISIONS FOR LIABILITIES

(480

)

(960

)

NET ASSETS

18,381

17,780

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

18,380

17,779

SHAREHOLDERS' FUNDS

18,381

17,780

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 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 19 December 2016 and were signed by:

T Prentice - 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.

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.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

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.

Going concern

The Director notes that the state of the company's affairs has improved and the deficit has been reduced.The

Director is confident that with his continued support the company continues as a going concern.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

10,600

DEPRECIATION

At 1 April 2015

5,800

Charge for year

2,400

At 31 March 2016

8,200

NET BOOK VALUE

At 31 March 2016

2,400

At 31 March 2015

4,800

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 5,766

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

2016

2015

£

T Prentice

Balance outstanding at start of year

23,065

19,658

Amounts advanced

7,792

11,390

Amounts repaid

(11,477

)

(7,983

)

Balance outstanding at end of year

19,380

23,065