Chris Melrose Plumbing &Heating (IW) Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05667901 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2018

for

Chris Melrose Plumbing &Heating (IW) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr C Melrose

Mrs G Melrose

SECRETARY:

REGISTERED OFFICE:

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

REGISTERED NUMBER:

05667901 (England and Wales)

ACCOUNTANTS:

Allegri & Co.

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

BANKERS:

HSBC

101 St.James Street

Newport

Isle of Wight

PO30 1HX

FIXED ASSETS

Tangible assets

4

12,449

10,321

CURRENT ASSETS

Stocks

250

250

Debtors

5

1,978

1,309

Cash at bank and in hand

2,309

3,918

4,537

5,477

CREDITORS

Amounts falling due within one year

6

16,161

13,234

NET CURRENT LIABILITIES

(11,624

)

(7,757

)

TOTAL ASSETS LESS CURRENT LIABILITIES

825

2,564

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

823

2,562

SHAREHOLDERS' FUNDS

825

2,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 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 Board of Directors on 23 March 2018 and were signed on its behalf by:

Mr C Melrose - Director

1.	STATUTORY INFORMATION

Chris Melrose Plumbing &Heating (IW) Ltd 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 and 15% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2017

27,781

Additions

14,898

Disposals

(15,630

)

At 31 January 2018

27,049

DEPRECIATION

At 1 February 2017

17,460

Charge for year

3,978

Eliminated on disposal

(6,838

)

At 31 January 2018

14,600

NET BOOK VALUE

At 31 January 2018

12,449

At 31 January 2017

10,321

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Trade debtors

1,978

1,309

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Bank loans and overdrafts

325

-

Hire purchase contracts

9,699

6,160

Trade creditors

2,017

1,841

Taxation and social security

3,016

3,746

Other creditors

1,104

1,487

16,161

13,234