Plumbing Wise Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06381345 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 August 2015 to 31 January 2017

for

Plumbing Wise Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A Garrard

SECRETARY:

Ms E Smith

REGISTERED OFFICE:

14 Hadley Road

Enfield

Middlesex

EN28JS

REGISTERED NUMBER:

06381345 (England and Wales)

ACCOUNTANTS:

ABEL Associates

Chartered Accountants

North London Business Park

Oakleigh Road South

London

N11 1GN

FIXED ASSETS

Tangible assets

2

6,182

8,243

CURRENT ASSETS

Stocks

-

15,000

Debtors

8,537

72,090

Cash at bank

35,034

14,142

43,571

101,232

CREDITORS

Amounts falling due within one year

34,112

87,681

NET CURRENT ASSETS

9,459

13,551

TOTAL ASSETS LESS CURRENT
LIABILITIES

15,641

21,794

PROVISIONS FOR LIABILITIES

-

11,460

NET ASSETS

15,641

10,334

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

14,641

9,334

SHAREHOLDERS' FUNDS

15,641

10,334

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

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

The director acknowledges his 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 director on 30 October 2017 and were signed by:

A Garrard - 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 the invoiced value of services and parts, 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 cost

Computer equipment

-

20% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 January 2017

17,335

DEPRECIATION

At 1 August 2015

9,092

Charge for period

2,061

At 31 January 2017

11,153

NET BOOK VALUE

At 31 January 2017

6,182

At 31 July 2015

8,243

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.17

31.7.15

value:

£

1,000

Ordinary

1

1,000

4.	ULTIMATE CONTROLLING PARTY

Mr A Garrard controls the company through his 100% shareholding.