D C Guppy Plumbing & Heating Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04920367 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st October 2019

for

D C Guppy Plumbing & Heating Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D C Guppy

Mrs J Guppy

SECRETARY:

Mrs J Guppy

REGISTERED OFFICE:

Nightingale Barn

Cole Henley

Whitchurch

Hampshire

RG28 7QD

REGISTERED NUMBER:

04920367 (England and Wales)

ACCOUNTANTS:

Wheeler & Co Ltd

Chartered Accountants

The Shrubbery

14 Church Street

Whitchurch

Hampshire

RG28 7AB

FIXED ASSETS

Intangible assets

4

7,932

9,332

Tangible assets

5

465

625

8,397

9,957

CURRENT ASSETS

Stocks

900

850

Debtors

6

2,106

6,029

Cash at bank

13,302

11,496

16,308

18,375

CREDITORS

Amounts falling due within one year

7

22,691

18,902

NET CURRENT LIABILITIES

(6,383

)

(527

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,014

9,430

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,914

9,330

SHAREHOLDERS' FUNDS

2,014

9,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 9th January 2020 and were signed on its behalf by:

D C Guppy - Director

1.	STATUTORY INFORMATION

D C Guppy Plumbing & 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 2006, is being amortised evenly over its estimated useful life of twenty 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.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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 2 (2018 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st November 2018

and 31st October 2019

28,000

AMORTISATION

At 1st November 2018

18,668

Charge for year

1,400

At 31st October 2019

20,068

NET BOOK VALUE

At 31st October 2019

7,932

At 31st October 2018

9,332

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st November 2018

and 31st October 2019

19,438

DEPRECIATION

At 1st November 2018

18,813

Charge for year

160

At 31st October 2019

18,973

NET BOOK VALUE

At 31st October 2019

465

At 31st October 2018

625

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

2,106

6,029

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

285

581

Tax

2,239

7,278

VAT

1,318

2,236

Other creditors

10,927

955

Directors' loan accounts

7,922

7,852

22,691

18,902

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £15,400 were paid to the directors .