Abbreviated Company Accounts - PLUMBING AND HEATING SUPPLIES (MILTON KEYNES) LIMITED

PLUMBING AND HEATING SUPPLIES (MILTON KEYNES) LIMITED - Company Information

05324031 PLUMBING AND HEATING SUPPLIES (MILTON KEYNES) LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 05324031 2015-04-01 2016-03-31 05324031 2016-03-31 05324031 2015-03-31 05324031 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 05324031 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 05324031

PLUMBING AND HEATING SUPPLIES (MILTON KEYNES) LIMITED

Abbreviated Accounts

31 March 2016

PLUMBING AND HEATING SUPPLIES (MILTON KEYNES) LIMITED Registered Number 05324031

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	24,533	28,660
		24,533	28,660
Current assets
Stocks		159,260	159,260
Debtors		33,797	17,191
Cash at bank and in hand		312,984	237,595
		506,041	414,046
Creditors: amounts falling due within one year		(474,881)	(437,745)
Net current assets (liabilities)		31,160	(23,699)
Total assets less current liabilities		55,693	4,961
Total net assets (liabilities)		55,693	4,961
Capital and reserves
Called up share capital	3	120	120
Profit and loss account		55,573	4,841
Shareholders' funds		55,693	4,961

For the year ending 31 March 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 31 January 2017

And signed on their behalf by:
GRAHAM LEIGHTON, Director

PLUMBING AND HEATING SUPPLIES (MILTON KEYNES) LIMITED Registered Number 05324031

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 25% reducing balance
Fixtures, fittings and equipment - 25% reducing balance
Motor Vehicles - 25% reducing balance

Other accounting policies
STOCK
Stock is valued at the lower of cost and net realistic value.

2Tangible fixed assets

	£
Cost
At 1 April 2015	79,155
Additions	3,100
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	82,255
Depreciation
At 1 April 2015	50,495
Charge for the year	7,227
On disposals	-
At 31 March 2016	57,722
Net book values
At 31 March 2016	24,533
At 31 March 2015	28,660

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
120 Ordinary shares of £1 each	120	120

The company's share capital is split into 4 classes designated 'A' and 'D'. The shares in all classes rank pari passu.