Kirkwood Plumbing Services Ltd,Ltd - Accounts

KIRKWOOD PLUMBING SERVICES LIMITED - Company Information

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DRAFT

Kirkwood Plumbing Services Ltd

For the year ended 31 May 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 06597300

DRAFT

Kirkwood Plumbing Services Ltd

Accountants' Report

For the year ended 31 May 2016

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the

accounts of Kirkwood Plumbing Services Ltd for the year ended 31 May 2016 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other

professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Kirkwood Plumbing Services Ltd, as a body, in accordance

with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval

the accounts of Kirkwood Plumbing Services Ltd and state those matters that we have agreed to state to the Board

of Directors of Kirkwood Plumbing Services Ltd, as a body, in this report in accordance with the requirements of the

Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the

fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kirkwood Plumbing

Services Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Kirkwood Plumbing Services Ltd has kept adequate accounting records and to prepare

statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Kirkwood

Plumbing Services Ltd. You consider that Kirkwood Plumbing Services Ltd is exempt from the statutory audit

requirement for the year.

Mr J. Davis F.C.C.A.

John Davis and Co Accountants Ltd

48 The Causeway

Chippenham

Wiltshire

SN15 3DD

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Abbreviated Balance Sheet

Kirkwood Plumbing Services Ltd

As at 31 May 2016

06597300

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

Current assets

Stocks

600

Debtors

377

425

Cash at bank and in hand

29,092

36,508

30,117

37,485

Creditors: amounts falling due within one year

(8,065)

(24,952)

29,420

5,165

Net current assets

Total assets less current liabilities

5,202

29,494

5,202

Net assets

29,494

Capital and reserves

Called up share capital

Profit and loss account

5,200

29,492

5,202

29,494

Shareholders funds

For the year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The directors acknowledge their 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.

Date approved by the board: 13 June 2016

Mr William Alexander Kirkwood Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Kirkwood Plumbing Services Ltd

For the year ended 31 May 2016

1 Accounting Policies

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

20% Straight line

Computer Equipment

25% Straight line

Motor Vehicles

20% Straight line

Stocks

Stocks 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 costs and an appropriate proportion of fixed and variable overheads.

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

15,186

At 01 June 2015

At 31 May 2016

15,186

Depreciation

15,112

At 01 June 2015

Charge for year

15,149

At 31 May 2016

Net book values

At 31 May 2016

At 31 May 2015

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Notes to the Abbreviated Financial Statements

Kirkwood Plumbing Services Ltd

For the year ended 31 May 2016

3 Share capital

Allotted called up and fully paid

2016

2015

2 Ordinary shares of £1.00 each

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