| Page Plumbing Ltd |
| Notes to the Accounts |
| for the period from 22 November 2017 to 30 November 2018 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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| 2 |
Employees |
2018 |
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| Number |
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Average number of persons employed by the company |
1 |
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| 3 |
Debtors |
2018 |
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| £ |
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|
|
Trade debtors |
1,747 |
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Other debtors |
20,229 |
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21,976 |
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| 4 |
Creditors: amounts falling due within one year |
2018 |
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| £ |
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Trade creditors |
23,671 |
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Taxation and social security costs |
13,829 |
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Other creditors |
1,052 |
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38,552 |
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| 5 |
Other information |
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Page Plumbing Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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C/O Hamilton Coopers |
|
66 Earl Street |
|
Maidstone |
|
Kent ME14 1PS |
