M G Smith Plumbing & Heating Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07338989 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

FOR

M G SMITH PLUMBING & HEATING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R A Smith

M R Green

SECRETARY:

Mrs P M Smith

REGISTERED OFFICE:

Falcon House

3 King Street

Castle Hedingham

Halstead

Essex

CO9 3ER

REGISTERED NUMBER:

07338989 (England and Wales)

ACCOUNTANTS:

Falcon Accountants

Falcon House

3 King Street

Castle Hedingham

Halstead

Essex

CO9 3ER

FIXED ASSETS

4,110

Tangible assets

2

3,082

CURRENT ASSETS

-

Stocks

1,000

26,212

Debtors

27,725

14,991

Cash at bank

10,695

41,203

39,420

CREDITORS

30,121

Amounts falling due within one year

32,542

11,082

NET CURRENT ASSETS

6,878

15,192

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,960

-

PROVISIONS FOR LIABILITIES

616

15,192

NET ASSETS

9,344

CAPITAL AND RESERVES

100

Called up share capital

3

100

15,092

Profit and loss account

9,244

15,192

SHAREHOLDERS' FUNDS

9,344

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 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 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 Board of Directors on 27 April 2017 and were signed on its behalf by:

R A Smith - Director

M R Green - 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

6,067

DEPRECIATION

At 1 September 2015

1,957

Charge for year

1,028

At 31 August 2016

2,985

NET BOOK VALUE

At 31 August 2016

3,082

At 31 August 2015

4,110

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

100

Ordinary

£1

100