BHS Plumbers Merchants Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06298043 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

BHS Plumbers Merchants Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R Singh

S Tait

G Singh

SECRETARY:

R Singh

REGISTERED OFFICE:

164 Bedford Road

Kempston

Bedfordshire

MK42 8BH

REGISTERED NUMBER:

06298043 (England and Wales)

ACCOUNTANTS:

Coombs Chartered Accountants

164 Bedford Road

Kempston

Bedford

Bedfordshire

MK42 8BH

FIXED ASSETS

Tangible assets

2

16,406

19,483

CURRENT ASSETS

Stocks

16,500

21,580

Debtors

175,382

200,627

Cash at bank and in hand

31,332

127,838

223,214

350,045

CREDITORS

Amounts falling due within one year

142,059

232,936

NET CURRENT ASSETS

81,155

117,109

TOTAL ASSETS LESS CURRENT
LIABILITIES

97,561

136,592

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

97,461

136,492

SHAREHOLDERS' FUNDS

97,561

136,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 15 June 2017 and were signed on its behalf by:

R Singh - 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.

Plant and machinery

-

20% on reducing balance

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.

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

48,696

Additions

1,198

At 30 September 2016

49,894

DEPRECIATION

At 1 October 2015

29,213

Charge for year

4,275

At 30 September 2016

33,488

NET BOOK VALUE

At 30 September 2016

16,406

At 30 September 2015

19,483

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

100

Ordinary

£1

100