Peter H.Wright&Son(Plumbing&Heating) Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 01296532 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

FOR

PETER H. WRIGHT AND SON

(PLUMBING & HEATING) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

K P Wright

D A Wright

J K Wright

REGISTERED OFFICE:

Croft Chambers

11 Bancroft

Hitchin

Herts

SG5 1JQ

REGISTERED NUMBER:

01296532 (England and Wales)

ACCOUNTANTS:

Bradshaw Johnson

Chartered Accountants

Croft Chambers

11 Bancroft

Hitchin

Hertfordshire

SG5 1JQ

FIXED ASSETS

Tangible assets

2

6,476

5,387

CURRENT ASSETS

Stocks

11,000

11,000

Debtors

11,503

20,969

Cash at bank

27,130

29,592

49,633

61,561

CREDITORS

Amounts falling due within one year

36,718

53,213

NET CURRENT ASSETS

12,915

8,348

TOTAL ASSETS LESS CURRENT LIABILITIES

19,391

13,735

CAPITAL AND RESERVES

Called up share capital

3

3,400

3,400

Profit and loss account

15,991

10,335

SHAREHOLDERS' FUNDS

19,391

13,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 February 2016 and were signed on its behalf by:

K P Wright - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis which assumes the continued support of

the company's bankers and directors.

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

The turnover was attributable to the principal activity of the Company and solely related to United Kingdom

activities.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

26,419

Additions

4,545

Disposals

(11,064

)

At 31 May 2015

19,900

DEPRECIATION

At 1 June 2014

21,032

Charge for year

3,456

Eliminated on disposal

(11,064

)

At 31 May 2015

13,424

NET BOOK VALUE

At 31 May 2015

6,476

At 31 May 2014

5,387

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

3,400

Ordinary

£1

3,400

3,400