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Registration number: 05881704

A & M Plumbing & Heating (Leeds) Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2015
 

Fox Jennings Cullen
Accountants & Business Advisers
Tarn House
77 High Street
Yeadon
Leeds
West Yorkshire
LS19 7SP

 

A & M Plumbing & Heating (Leeds) Ltd
Contents

Abbreviated Balance Sheet

1 to 2

Notes to the Abbreviated Accounts

3 to 4

 

A & M Plumbing & Heating (Leeds) Ltd
(Registration number: 05881704)
Abbreviated Balance Sheet at 31 July 2015

   

Note

   

2015
£

   

2014
£

 

Fixed assets

 

             

Intangible fixed assets

 

   

1,000

   

1,500

 

Tangible fixed assets

 

   

777

   

1,036

 
   

   

1,777

   

2,536

 

Current assets

 

             

Stocks

 

   

250

   

5,750

 

Debtors

 

   

2,454

   

9,566

 

Cash at bank and in hand

 

   

1,876

   

-

 
   

   

4,580

   

15,316

 

Creditors: Amounts falling due within one year

 

   

(4,629)

   

(17,581)

 

Net current liabilities

 

   

(49)

   

(2,265)

 

Total assets less current liabilities

 

   

1,728

   

271

 

Provisions for liabilities

 

   

(155)

   

(207)

 

Net assets

 

   

1,573

   

64

 

Capital and reserves

 

             

Called up share capital

 

3

   

1

   

1

 

Profit and loss account

 

   

1,572

   

63

 

Shareholders' funds

 

   

1,573

   

64

 

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

 

A & M Plumbing & Heating (Leeds) Ltd
(Registration number: 05881704)
Abbreviated Balance Sheet at 31 July 2015
......... continued

For the year ending 31 July 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the director on 15 April 2016

.........................................
Mr M H Harman
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

A & M Plumbing & Heating (Leeds) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Plant and Machinery

25% on reducing balance

Motor vehicles

25% on reducing balance

Stock and work in progress

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

 

A & M Plumbing & Heating (Leeds) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Fixed assets

   

Intangible assets
£

   

Tangible assets
£

   

Total
£

 

Cost

                 

At 1 August 2014

 

5,000

   

2,109

   

7,109

 

At 31 July 2015

 

5,000

   

2,109

   

7,109

 

Depreciation

                 

At 1 August 2014

 

3,500

   

1,073

   

4,573

 

Charge for the year

 

500

   

259

   

759

 

At 31 July 2015

 

4,000

   

1,332

   

5,332

 

Net book value

                 

At 31 July 2015

 

1,000

   

777

   

1,777

 

At 31 July 2014

 

1,500

   

1,036

   

2,536

 

3

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

1

   

1

   

1

   

1