Chris Melrose Plumbing &Heating (IW) Ltd - Accounts to registrar - small 16.3

REGISTERED NUMBER: 05667901 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2017

for

Chris Melrose Plumbing &Heating (IW) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr C Melrose

Mrs G Melrose

SECRETARY:

REGISTERED OFFICE:

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

REGISTERED NUMBER:

05667901 (England and Wales)

ACCOUNTANTS:

Allegri & Co.

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

FIXED ASSETS

Tangible assets

4

10,321

13,560

CURRENT ASSETS

Stocks

250

250

Debtors

5

1,309

1,577

Cash at bank and in hand

3,918

829

5,477

2,656

CREDITORS

Amounts falling due within one year

6

13,234

13,391

NET CURRENT LIABILITIES

(7,757

)

(10,735

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,564

2,825

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,562

2,823

SHAREHOLDERS' FUNDS

2,564

2,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 27 March 2017 and were signed on its behalf by:

Mr C Melrose - Director

1.	STATUTORY INFORMATION

Chris Melrose Plumbing &Heating (IW) 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 15% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2016

and 31 January 2017

27,781

DEPRECIATION

At 1 February 2016

14,221

Charge for year

3,239

At 31 January 2017

17,460

NET BOOK VALUE

At 31 January 2017

10,321

At 31 January 2016

13,560

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Trade debtors

1,309

1,577

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Hire purchase contracts

6,160

9,686

Trade creditors

1,841

695

Taxation and social security

3,746

126

Other creditors

1,487

2,884

13,234

13,391