Yorkshire Heating and Bathrooms Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07529865 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 28 February 2014

for

Yorkshire Heating and Bathrooms Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A W Steels

P M Wood

REGISTERED OFFICE:

Westwood House

Annie Med Lane

South Cave

Brough

East Yorkshire

HU15 2HG

REGISTERED NUMBER:

07529865 (England and Wales)

ACCOUNTANTS:

CBA (Accountants) Ltd

72 Lairgate

Beverley

East Yorkshire

HU17 8EU

FIXED ASSETS

Tangible assets

2

7,742

10,773

CURRENT ASSETS

Stocks

15,000

17,290

Debtors

6,566

11,403

Cash at bank and in hand

2,328

14,379

23,894

43,072

CREDITORS

Amounts falling due within one year

35,656

67,140

NET CURRENT LIABILITIES

(11,762

)

(24,068

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,020

)

(13,295

)

CREDITORS

Amounts falling due after more than one year

3

10,671

15,629

NET LIABILITIES

(14,691

)

(28,924

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(14,791

)

(29,024

)

SHAREHOLDERS' FUNDS

(14,691

)

(28,924

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 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 November 2014 and were signed on its behalf by:

P M Wood - 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 April 2008).

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.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on cost

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.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

18,602

Additions

234

At 28 February 2014

18,836

DEPRECIATION

At 1 March 2013

7,829

Charge for year

3,265

At 28 February 2014

11,094

NET BOOK VALUE

At 28 February 2014

7,742

At 28 February 2013

10,773

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

10,671

14,970

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

100

100

5.	ULTIMATE CONTROLLING PARTY

The company is controlled equally by Mr P Wood and Mr A Steels.