SWINDON PLUMBING SUPPLIES LIMITED

SWINDON PLUMBING SUPPLIES LIMITED - Company Information

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Company Registration Number:
03355582 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2016

Period of accounts

Start date: 01 January 2016

End date: 31 December 2016

Contents of the Financial Statements

for the Period Ended 31 December 2016


Balance sheet
Notes

Balance sheet

As at 31 December 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets:	3	31,481	35,224
Total fixed assets:		31,481	35,224
Current assets
Stocks:		460,913	444,684
Debtors:		844,890	794,593
Investments:		1,300	1,300
Total current assets:		1,307,103	1,240,577
Creditors: amounts falling due within one year:		(550,871)	(424,506)
Net current assets (liabilities):		756,232	816,071
Total assets less current liabilities:		787,713	851,295
Provision for liabilities:		(4,240)	(3,537)
Total net assets (liabilities):		783,473	847,758
Capital and reserves
Called up share capital:		8	8
Other reserves:		2	2
Profit and loss account:		783,463	847,748
Shareholders funds:		783,473	847,758

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 September 2017
and signed on behalf of the board by:

Name: S M Emms
Status: Director

The notes form part of these financial statements

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the net amount invoiced for goods and services less trade discounts excluding value added tax, plus work in progress and attributable to one activity carried on in the UK

Tangible fixed assets and depreciation policy

Depreciation is provided on a basis to write off the cost over the estimated lives of the assets. The rates of depreciation are as follows:Leasehold Improvements Over 5 years straight linePlant & Equipment 25% on reducing balanceMotor Vehicles 25% on reducing balanceOffice Equipment 25% on reducing balanceFixtures & Fittings 25% on reducing balance

Other accounting policies

Deferred taxationDeferred taxation is provided on all timing differences arising from the inclusion of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements, except where the tax reduction is expected to continue for the future

Notes to the Financial Statements

for the Period Ended 31 December 2016

2. Employees

	2016	2015
Average number of employees during the period	13	13

Notes to the Financial Statements

for the Period Ended 31 December 2016

3. Tangible Assets

	Total
Cost	£
At 01 January 2016	248,364
Additions	11,223
At 31 December 2016	259,587
Depreciation
At 01 January 2016	213,140
Charge for year	14,966
At 31 December 2016	228,106
Net book value
At 31 December 2016	31,481
At 31 December 2015	35,224

SWINDON PLUMBING SUPPLIES LIMITED