Buckingham Plumbing Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06445687 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2016

for

Buckingham Plumbing Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P Herbert

SECRETARY:

KT Accountants Ltd

REGISTERED OFFICE:

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

REGISTERED NUMBER:

06445687 (England and Wales)

ACCOUNTANTS:

KT Accountants Limited

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

FIXED ASSETS

Tangible assets

2

2,225

2,966

CURRENT ASSETS

Stocks

2,750

-

Debtors

3,368

1,947

Cash at bank

3,589

-

9,707

1,947

CREDITORS

Amounts falling due within one year

23,534

34,544

NET CURRENT LIABILITIES

(13,827

)

(32,597

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,602

)

(29,631

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(11,603

)

(29,632

)

SHAREHOLDERS' FUNDS

(11,602

)

(29,631

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 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 director on 3 June 2016 and were signed by:

P Herbert - Director

1.	ACCOUNTING POLICIES

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 January

2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

and 31 January 2016

13,055

DEPRECIATION

At 1 February 2015

10,089

Charge for year

741

At 31 January 2016

10,830

NET BOOK VALUE

At 31 January 2016

2,225

At 31 January 2015

2,966

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

1

Ordinary

£1

1

4.	GOING CONCERN

There was a net deficiency of assets of £11,602 at the balance sheet date, however the

director has confirmed continued support of the company so it retains sufficient working

capital to continue trading for the foreseeable future.