Pipedown Plumbing Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05473598 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

PIPEDOWN PLUMBING LIMITED

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

T Prentice

SECRETARY:

Mrs. S K Prentice

REGISTERED OFFICE:

10 Station Court

Station Approach

Wickford

Essex

SS11 7AT

REGISTERED NUMBER:

05473598 (England and Wales)

ACCOUNTANTS:

Lescott Limited

Chartered Certified Accountant

10 Station Court

Station Approach

Wickford

Essex

SS11 7AT

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Pipedown Plumbing Limited for the year ended 31 March 2014 which comprise the Profit and

Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and

other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the director of Pipedown Plumbing Limited in accordance with our terms of engagement.

Our work has been undertaken solely to prepare for your approval the financial statements of Pipedown Plumbing

Limited and state those matters that we have agreed to state to the director of Pipedown Plumbing Limited in this report

in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Pipedown Plumbing Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pipedown

Plumbing Limited. You consider that Pipedown Plumbing Limited is exempt from the statutory audit requirement for the

year.

We have not been instructed to carry out an audit or a review of the financial statements of Pipedown Plumbing Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lescott Limited

Chartered Certified Accountant

10 Station Court

Station Approach

Wickford

Essex

SS11 7AT

11 December 2014

FIXED ASSETS

Tangible assets

2

7,200

4,040

CURRENT ASSETS

Debtors

20,734

7,373

Cash in hand

-

50

20,734

7,423

CREDITORS

Amounts falling due within one year

13,374

9,400

NET CURRENT ASSETS/(LIABILITIES)

7,360

(1,977

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,560

2,063

CREDITORS

Amounts falling due after more than one year

(4,829

)

(4,304

)

PROVISIONS FOR LIABILITIES

(632

)

(808

)

NET ASSETS/(LIABILITIES)

9,099

(3,049

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

9,098

(3,050

)

SHAREHOLDERS' FUNDS

9,099

(3,049

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 10 December 2014 and were signed by:

T Prentice - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Going concern

The Director recognises that the state of the company's affairs is not satisfactory and is taking steps to reduce the

accumulated deficit. The Director is confident that with his continued support the company is going concern.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

15,942

Additions

9,600

Disposals

(14,942

)

At 31 March 2014

10,600

DEPRECIATION

At 1 April 2013

11,902

Charge for year

2,401

Eliminated on disposal

(10,903

)

At 31 March 2014

3,400

NET BOOK VALUE

At 31 March 2014

7,200

At 31 March 2013

4,040

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2014 and

31 March 2013:

2014

2013

£

£

T Prentice

Balance outstanding at start of year

6,237

1,933

Amounts advanced

15,895

11,401

Amounts repaid

(2,474

)

(7,097

)

Balance outstanding at end of year

19,658

6,237