Angel Heating & Plumbing Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04459684 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2017

FOR

ANGEL HEATING & PLUMBING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Phillips

SECRETARY:

Mrs N Phillips

REGISTERED OFFICE:

31 Lower Road

Hednesford

Cannock

Staffordshire

WS12 1ND

REGISTERED NUMBER:

04459684 (England and Wales)

FIXED ASSETS

Tangible assets

4

6,765

9,020

CURRENT ASSETS

Stocks

2,245

920

Debtors

5

2,090

3,795

Cash at bank

3,128

4,553

7,463

9,268

CREDITORS

Amounts falling due within one year

6

8,697

8,856

NET CURRENT (LIABILITIES)/ASSETS

(1,234

)

412

TOTAL ASSETS LESS CURRENT LIABILITIES

5,531

9,432

CREDITORS

Amounts falling due after more than one year

7

(5,638

)

(7,624

)

PROVISIONS FOR LIABILITIES

8

(1,285

)

(1,804

)

NET (LIABILITIES)/ASSETS

(1,392

)

4

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

(1,492

)

(96

)

SHAREHOLDERS' FUNDS

(1,392

)

4

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 5th December 2017 and were signed by:

M Phillips - Director

1.	STATUTORY INFORMATION

Angel Heating & Plumbing Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 etc

-

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st July 2016

and 30th June 2017

13,339

DEPRECIATION

At 1st July 2016

4,319

Charge for year

2,255

At 30th June 2017

6,574

NET BOOK VALUE

At 30th June 2017

6,765

At 30th June 2016

9,020

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

2,090

3,795

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

1,986

1,986

Trade creditors

4,576

4,525

Taxation and social security

-

24

Other creditors

2,135

2,321

8,697

8,856

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

5,638

7,624

8.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

1,285

1,804

Deferred

tax

£

Balance at 1st July 2016

1,804

Accelerated Capital Allowances

(519

)

Balance at 30th June 2017

1,285

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1st July 2016

(96

)

Profit for the year

1,034

Dividends

(2,430

)

At 30th June 2017

(1,492

)