Woodford Plumbing & Heating Supplies Lim - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09155258 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2017

for

Woodford Plumbing & Heating Supplies

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Llewelyn Jones

T Owen

SECRETARY:

A T Wagstaff

REGISTERED OFFICE:

Huws Gray Head Office

Industrial Estate

Llangefni

Gwynedd

LL77 7HL

REGISTERED NUMBER:

09155258 (England and Wales)

ACCOUNTANTS:

McEwan Wallace Limited

68 Argyle Street

Birkenhead

CH41 6AF

CURRENT ASSETS

Debtors

4

200

200

TOTAL ASSETS LESS CURRENT LIABILITIES

200

200

CAPITAL AND RESERVES

Called up share capital

200

200

SHAREHOLDERS' FUNDS

200

200

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 1 May 2018 and were signed on its behalf by:

T Owen - Director

1.	STATUTORY INFORMATION

Woodford Plumbing & Heating Supplies 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Changes in accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out below.

These financial statements for the year ended 31 August 2017 are the first financial statements that comply with

FRS102 Section 1A for small entities. The date of transition is 1 September 2015.

The transition to FRS 102 Section 1A for small entities has resulted no changes in accounting policies to those used

previously.

Turnover

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

value added tax and other sales taxes.

Financial instruments

The following assets and liabilities are classified as financial instruments - other debtors.

Other debtors are measured at the undiscounted amount of the cash or other consideration expected to be paid or

received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective

evidence of impairment. If objective evidence of impairment is found, an impairment loss in recognised in the

Statement of Income and Retained Earnings.

Critical accounting estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors,

including expectations of future events that are believed to be reasonable under the circumstances. The company

makes estimates and assumptions concerning the future.

The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The

estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of

assets and liabilities within the next financial year are discussed below;

When an asset is purchased it is categorised into an asset class, the depreciation policy of each class estimates the

economic life of all assets within the class.

The depreciation policy of each asset class is determined by management and reviewed regularly for appropriateness.

The depreciation policy adopted is based on historical experience as well as considering the future events which may

impact the useful economic life of all assets within each class, such as changes in market demands.

In addition FRS 102 requires an entity to assess at each reporting date whether there is any indication that assets

within a class may be impaired i.e. the recoverable amount of the asset is less than the carrying amount. If any such

indication exists, management are required to estimate the recoverable amount of the individual assets concerned.

Management judgement is applied to determine if revenue and costs should be recognised in the current period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - 12 ).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Other debtors

200

200