Wells Plumbing & Heating Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07765443 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

WELLS PLUMBING & HEATING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

N D Breakwell

REGISTERED OFFICE:

1 Harbour House

Harbour Way

Shoreham By Sea

West Sussex

BN43 5HZ

REGISTERED NUMBER:

07765443 (England and Wales)

ACCOUNTANTS:

Peter Jarman LLP

trading as

Peter Jarman & Company

1 Harbour House

Harbour Way

Shoreham by Sea

West Sussex

BN43 5HZ

FIXED ASSETS

Tangible assets

2

3,253

4,000

CURRENT ASSETS

Stocks

5,156

9,423

Debtors

19,904

7,468

Cash at bank

7,559

5,488

32,619

22,379

CREDITORS

Amounts falling due within one year

(32,046

)

(10,788

)

NET CURRENT ASSETS

573

11,591

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,826

15,591

PROVISIONS FOR LIABILITIES

(650

)

(800

)

NET ASSETS

3,176

14,791

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

3,174

14,789

SHAREHOLDERS' FUNDS

3,176

14,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 18 January 2017 and were signed by:

N D Breakwell - 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 the net amounts charged to customers in respect of goods and services provided during the

accounting period 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.

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

5,333

Additions

338

At 30 September 2016

5,671

DEPRECIATION

At 1 October 2015

1,333

Charge for year

1,085

At 30 September 2016

2,418

NET BOOK VALUE

At 30 September 2016

3,253

At 30 September 2015

4,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

1

2