L S Plumbing Heating & Gas Engineer Ltd Company Accounts
L S Plumbing Heating & Gas Engineer Ltd Company Accounts
COMPANY REGISTRATION NUMBER:
05644109
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Financial Statements |
Year ended 31 December 2016
Contents |
Page |
Statement of financial position |
1 |
Notes to the financial statements |
3 |
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Statement of Financial Position |
2016 |
2015 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net current liabilities |
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Total assets less current liabilities |
(
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Creditors: amounts falling due after more than one year |
8 |
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Net liabilities |
(
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(
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Statement of Financial Position (continued) |
2016 |
2015 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
(
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(
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Members deficit |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
13 September 2017
, and are signed on behalf of the board by:
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Director |
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Company registration number:
05644109
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Notes to the Financial Statements |
Year ended 31 December 2016
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 104B Alum House, Discovery Court Business Centre, 551-553 Wallisdown Road, Poole, BH12 5AG.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 10.
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year, including the director, amounted to Nil
(2015: Nil).
5.
Tangible assets
Plant and machinery |
Motor vehicles |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 January 2016 |
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Additions |
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– |
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At 31 December 2016 |
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Depreciation |
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At 1 January 2016 |
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Charge for the year |
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At 31 December 2016 |
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Carrying amount |
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At 31 December 2016 |
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At 31 December 2015 |
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6.
Debtors
2016 |
2015 |
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£ |
£ |
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Trade debtors |
– |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
2016 |
2015 |
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£ |
£ |
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Bank loans and overdrafts |
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Other creditors |
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8.
Creditors:
amounts falling due after more than one year
2016 |
2015 |
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£ |
£ |
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Bank loans and overdrafts |
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9.
Related party transactions
The company was under the control of the director throughout the current and previous year. Mr Singleton is the managing director and joint shareholder with his wife. During the year there were transactions in the directors loan account. At the year end, included in other creditors was a balance of £31,954 (2015 £28,364). At no time during the year did this become overdrawn.
10.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2015.
No transitional adjustments were required in equity or profit or loss for the year.