false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
false
No description of principal activity
2017-02-01
Sage Accounts Production Advanced 2017 Update 4 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
07481778
2017-02-01
2018-01-31
07481778
2018-01-31
07481778
2017-01-31
07481778
2016-02-01
2017-01-31
07481778
2017-01-31
07481778
2016-01-31
07481778
core:PlantMachinery
2017-02-01
2018-01-31
07481778
core:MotorVehicles
2017-02-01
2018-01-31
07481778
bus:LeadAgentIfApplicable
2017-02-01
2018-01-31
07481778
bus:Director1
2017-02-01
2018-01-31
07481778
bus:Director2
2017-02-01
2018-01-31
07481778
bus:Director3
2017-02-01
2018-01-31
07481778
core:PlantMachinery
2017-01-31
07481778
core:PlantMachinery
2018-01-31
07481778
core:WithinOneYear
2018-01-31
07481778
core:WithinOneYear
2017-01-31
07481778
core:ShareCapital
2018-01-31
07481778
core:ShareCapital
2017-01-31
07481778
core:RetainedEarningsAccumulatedLosses
2018-01-31
07481778
core:RetainedEarningsAccumulatedLosses
2017-01-31
07481778
core:PlantMachinery
2017-01-31
07481778
bus:Director1
2017-01-31
07481778
bus:Director1
2018-01-31
07481778
bus:Director2
2017-01-31
07481778
bus:Director2
2018-01-31
07481778
bus:Director3
2017-01-31
07481778
bus:Director3
2018-01-31
07481778
bus:Director1
2016-01-31
07481778
bus:Director1
2017-01-31
07481778
bus:Director2
2016-01-31
07481778
bus:Director2
2017-01-31
07481778
bus:Director3
2016-01-31
07481778
bus:Director3
2017-01-31
07481778
bus:Director1
2016-02-01
2017-01-31
07481778
bus:Director2
2016-02-01
2017-01-31
07481778
bus:Director3
2016-02-01
2017-01-31
07481778
bus:FRS102
2017-02-01
2018-01-31
07481778
bus:AuditExemptWithAccountantsReport
2017-02-01
2018-01-31
07481778
bus:FullAccounts
2017-02-01
2018-01-31
07481778
bus:SmallCompaniesRegimeForAccounts
2017-02-01
2018-01-31
07481778
bus:PrivateLimitedCompanyLtd
2017-02-01
2018-01-31
07481778
core:OfficeEquipment
2017-02-01
2018-01-31
07481778
core:OfficeEquipment
2017-01-31
07481778
core:OfficeEquipment
2018-01-31
COMPANY REGISTRATION NUMBER:
07481778
AW Plumbing & Heating (Cotswold) Ltd
|
|
Filleted Unaudited Financial Statements
|
|
AW Plumbing & Heating (Cotswold) Ltd
|
|
Year ended 31 January 2018
Statement of financial position
|
1
|
|
|
Notes to the financial statements
|
3
|
|
|
The following pages do not form part of the financial statements
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
|
8
|
|
|
AW Plumbing & Heating (Cotswold) Ltd
|
|
Statement of Financial Position
|
|
31 January 2018
Fixed assets
Tangible assets
|
5
|
|
1,229
|
2,390
|
|
|
|
|
|
Current assets
Stocks
|
1,500
|
|
1,500
|
Debtors
|
6
|
42,465
|
|
14,796
|
Cash at bank and in hand
|
65,731
|
|
49,832
|
|
---------
|
|
--------
|
|
109,696
|
|
66,128
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
7
|
65,184
|
|
57,361
|
|
---------
|
|
--------
|
Net current assets
|
|
44,512
|
8,767
|
|
|
--------
|
--------
|
Total assets less current liabilities
|
|
45,741
|
11,157
|
|
|
|
|
|
Provisions
Taxation including deferred tax
|
|
384
|
384
|
|
|
--------
|
--------
|
Net assets
|
|
45,357
|
10,773
|
|
|
--------
|
--------
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
3
|
3
|
Profit and loss account
|
|
45,354
|
10,770
|
|
|
--------
|
--------
|
Shareholders funds
|
|
45,357
|
10,773
|
|
|
--------
|
--------
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
AW Plumbing & Heating (Cotswold) Ltd
|
|
Statement of Financial Position (continued)
|
|
31 January 2018
These financial statements were approved by the
board of directors
and authorised for issue on
20 April 2018
, and are signed on behalf of the board by:
Mr C A Alley
|
Mr S D Wilkins
|
Director
|
Director
|
|
|
Mr J M Dickerson
|
|
Director
|
|
|
|
Company registration number:
07481778
AW Plumbing & Heating (Cotswold) Ltd
|
|
Notes to the Financial Statements
|
|
Year ended 31 January 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Oakley House, Tetbury Road, Cirencester, Glos, GL7 1US.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
Deferred tax is measured on a discounted/an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery
|
-
|
25% reducing balance
|
|
Motor vehcles
|
-
|
25% reducing balance
|
|
Computer equipment
|
-
|
33% straight line
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2017:
3
).
5.
Tangible assets
|
Plant and machinery
|
Equipment
|
Total
|
|
£
|
£
|
£
|
Cost
|
|
|
|
At 1 February 2017
|
6,045
|
1,560
|
7,605
|
Disposals
|
(
477)
|
–
|
(
477)
|
|
-------
|
-------
|
-------
|
At 31 January 2018
|
5,568
|
1,560
|
7,128
|
|
-------
|
-------
|
-------
|
Depreciation
|
|
|
|
At 1 February 2017
|
3,940
|
1,275
|
5,215
|
Charge for the year
|
407
|
277
|
684
|
|
-------
|
-------
|
-------
|
At 31 January 2018
|
4,347
|
1,552
|
5,899
|
|
-------
|
-------
|
-------
|
Carrying amount
|
|
|
|
At 31 January 2018
|
1,221
|
8
|
1,229
|
|
-------
|
-------
|
-------
|
At 31 January 2017
|
2,105
|
285
|
2,390
|
|
-------
|
-------
|
-------
|
|
|
|
|
6.
Debtors
|
2018
|
2017
|
|
£
|
£
|
Trade debtors
|
42,366
|
14,736
|
Other debtors
|
99
|
60
|
|
--------
|
--------
|
|
42,465
|
14,796
|
|
--------
|
--------
|
|
|
|
7.
Creditors:
amounts falling due within one year
|
2018
|
2017
|
|
£
|
£
|
Trade creditors
|
9,379
|
5,291
|
Corporation tax
|
22,727
|
17,053
|
Social security and other taxes
|
9,150
|
4,133
|
Other creditors
|
23,928
|
30,884
|
|
--------
|
--------
|
|
65,184
|
57,361
|
|
--------
|
--------
|
|
|
|
8.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
|
2018
|
|
|
Balance brought forward
|
Advances/ (credits) to the directors
|
Balance outstanding
|
|
|
£
|
£
|
£
|
|
Mr C A Alley
|
(
10,395)
|
2,299
|
(
8,096)
|
|
Mr S D Wilkins
|
(
11,016)
|
2,299
|
(
8,717)
|
|
Mr J M Dickerson
|
(
8,549)
|
2,299
|
(
6,250)
|
|
|
--------
|
-------
|
--------
|
|
|
(
29,960)
|
6,897
|
(
23,063)
|
|
|
--------
|
-------
|
--------
|
|
|
|
|
|
|
2017
|
|
|
Balance brought forward
|
Advances/ (credits) to the directors
|
Balance outstanding
|
|
|
£
|
£
|
£
|
|
Mr C A Alley
|
(
10,545)
|
150
|
(
10,395)
|
|
Mr S D Wilkins
|
(
11,166)
|
150
|
(
11,016)
|
|
Mr J M Dickerson
|
(
8,699)
|
150
|
(
8,549)
|
|
|
--------
|
----
|
--------
|
|
|
(
30,410)
|
450
|
(
29,960)
|
|
|
--------
|
----
|
--------
|
|
|
|
|
|
AW Plumbing & Heating (Cotswold) Ltd
|
|
Year ended 31 January 2018
The following pages do not form part of the financial statements.
AW Plumbing & Heating (Cotswold) Ltd
|
|
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
AW Plumbing & Heating (Cotswold) Ltd
|
|
Year ended 31 January 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AW Plumbing & Heating (Cotswold) Ltd for the year ended 31 January 2018, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of AW Plumbing & Heating (Cotswold) Ltd, as a body, in accordance with the terms of our engagement letter dated 16 April 2015. Our work has been undertaken solely to prepare for your approval the financial statements of AW Plumbing & Heating (Cotswold) Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AW Plumbing & Heating (Cotswold) Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that AW Plumbing & Heating (Cotswold) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AW Plumbing & Heating (Cotswold) Ltd. You consider that AW Plumbing & Heating (Cotswold) Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of AW Plumbing & Heating (Cotswold) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
McGILLS
Chartered accountant
Oakley House
Tetbury Road
Cirencester
Gloucestershire
GL7 1US
27 April 2018