Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
P & S Heating and Plumbing Ltd
Contents
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P & S Heating and Plumbing Ltd
(Registration number: 08767724)
Abbreviated Balance Sheet at 31 December 2015
Note |
31 December 2015
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31 December 2014
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets/(liabilities) |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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1
P & S Heating and Plumbing Ltd
(Registration number: 08767724)
Abbreviated Balance Sheet at 31 December 2015
......... continued
Approved by the Board on
.........................................
Mr PT Kirschner
Director
2
P & S Heating and Plumbing Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Negative goodwill is included within fixed assets and released to the profit and loss account in the periods in which the fair values of the non-monetary assets purchased on the same acquisition are recovered, whether through sale or depreciation.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Motor vehicles |
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Office equipment |
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Deferred tax
Hire purchase and leasing
P & S Heating and Plumbing Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued
Financial instruments
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 January 2015 |
153,246 |
13,708 |
166,954 |
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Additions |
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14,699 |
14,699 |
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Disposals |
(153,246) |
- |
(153,246) |
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At 31 December 2015 |
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28,407 |
28,407 |
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Depreciation |
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At 1 January 2015 |
76,623 |
4,102 |
80,725 |
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Charge for the year |
76,623 |
7,259 |
83,882 |
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Eliminated on disposals |
(153,246) |
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(153,246) |
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At 31 December 2015 |
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11,361 |
11,361 |
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Net book value |
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At 31 December 2015 |
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At 31 December 2014 |
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P & S Heating and Plumbing Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued
Share capital |
Allotted, called up and fully paid shares
31 December 2015 |
31 December 2014 |
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No. |
£ |
No. |
£ |
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