Austin Pickering Heating Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06004232 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Austin Pickering Heating Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Pickering

SECRETARY:

Mrs S Pickering

REGISTERED OFFICE:

1 Derwent Mews

Spennymoor

Co. Durham

DL16 6EP

REGISTERED NUMBER:

06004232 (England and Wales)

ACCOUNTANTS:

G D O'Hehir & Co Ltd

Chartered Accountants

22/23 Clyde Terrace

Spennymoor

Co. Durham

DL16 7SE

FIXED ASSETS

Tangible assets

4

183,901

187,564

CURRENT ASSETS

Debtors

5

4,087

5,321

Cash at bank and in hand

320,708

311,610

324,795

316,931

CREDITORS

Amounts falling due within one year

6

219,684

217,959

NET CURRENT ASSETS

105,111

98,972

TOTAL ASSETS LESS CURRENT LIABILITIES

289,012

286,536

CREDITORS

Amounts falling due after more than one year

7

-

(2,858

)

PROVISIONS FOR LIABILITIES

(380

)

(780

)

NET ASSETS

288,632

282,898

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

288,630

282,896

SHAREHOLDERS' FUNDS

288,632

282,898

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 25 June 2018 and were signed by:

A Pickering - Director

1.	STATUTORY INFORMATION

Austin Pickering Heating 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

-

20% on cost, 15% on cost and 15% on reducing balance

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 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2017

and 31 December 2017

182,000

23,333

205,333

DEPRECIATION

At 1 January 2017

-

17,769

17,769

Charge for year

-

3,663

3,663

At 31 December 2017

-

21,432

21,432

NET BOOK VALUE

At 31 December 2017

182,000

1,901

183,901

At 31 December 2016

182,000

5,564

187,564

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

2,024

4,664

Other debtors

2,063

657

4,087

5,321

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Hire purchase contracts

-

2,626

Trade creditors

2,440

12,319

Taxation and social security

4,127

11,558

Other creditors

213,117

191,456

219,684

217,959

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Hire purchase contracts

-

2,858