J M Duxberry Plumbing And Heating Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04882895 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

J M Duxberry Plumbing And Heating Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Duxberry

SECRETARY:

REGISTERED OFFICE:

Glynhir

4 Brigstocke Terrace

Ferryside

Carmarthen

Dyfed

SA17 5SH

REGISTERED NUMBER:

04882895 (England and Wales)

ACCOUNTANTS:

Eagle Accountancy (UK) Limited

2 Coracle Offices

St Catherine Street

Carmarthen

Carmarthenshire

SA31 1RD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

6,012

7,507

6,012

7,507

CURRENT ASSETS

Stocks

6

2,500

2,500

Debtors

7

7,921

11,808

10,421

14,308

CREDITORS

Amounts falling due within one year

8

15,112

20,747

NET CURRENT LIABILITIES

(4,691

)

(6,439

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,321

1,068

PROVISIONS FOR LIABILITIES

1,122

1,475

NET ASSETS/(LIABILITIES)

199

(407

)

CAPITAL AND RESERVES

Called up share capital

50

50

Retained earnings

149

(457

)

SHAREHOLDERS' FUNDS

199

(407

)

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 30 September 2018 and were signed by:

J M Duxberry - Director

1.	STATUTORY INFORMATION

J M Duxberry Plumbing And Heating 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

15% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2017

and 31 December 2017

7,500

AMORTISATION

At 1 January 2017

and 31 December 2017

7,500

NET BOOK VALUE

At 31 December 2017

-

At 31 December 2016

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 January 2017

and 31 December 2017

2,766

17,983

657

21,406

DEPRECIATION

At 1 January 2017

2,766

10,596

537

13,899

Charge for year

-

1,477

18

1,495

At 31 December 2017

2,766

12,073

555

15,394

NET BOOK VALUE

At 31 December 2017

-

5,910

102

6,012

At 31 December 2016

-

7,387

120

7,507

6.

STOCKS

31.12.17

31.12.16

£

£

Stocks

1,500

1,500

Work-in-progress

1,000

1,000

2,500

2,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

740

-

Other debtors

3,319

1,299

Directors' current accounts

3,862

10,509

7,921

11,808

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans and overdrafts

3,071

2,449

Trade creditors

8,665

10,833

Taxation and social security

1,126

1,362

Other creditors

2,250

6,103

15,112

20,747

9.	ULTIMATE CONTROLLING PARTY