Registration number:
for the Year Ended
Plumb Tek Ltd
Contents
Abbreviated Balance Sheet |
|
Notes to the Abbreviated Accounts |
Plumb Tek Ltd
(Registration number: 07744546)
Abbreviated Balance Sheet as at 31 August 2016
Note |
2016 |
2015 |
|
Fixed assets |
|||
Tangible assets |
|
|
|
Current assets |
|||
Cash at bank and in hand |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets/(liabilities) |
|
( |
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
( |
- |
|
Provisions for liabilities |
( |
( |
|
Accruals and deferred income |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
Shareholders funds |
|
|
For the year ending 31 August 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
Approved by the director on
.........................................
C A Edmunds
Director
Plumb Tek Ltd
Notes to the Abbreviated Accounts
Accounting policies |
Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.
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 |
Tools and equipment |
20% reducing balance |
Motor vehicles |
25% reducing balance |
Deferred tax
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE.
Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.
Hire purchase and leasing
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.
Plumb Tek Ltd
Notes to the Abbreviated Accounts
Fixed assets |
Tangible assets |
Total |
|
Cost |
||
At 1 September 2015 |
77,728 |
77,728 |
Additions |
35,465 |
35,465 |
Disposals |
(15,000) |
(15,000) |
At 31 August 2016 |
98,193 |
98,193 |
Depreciation |
||
At 1 September 2015 |
46,170 |
46,170 |
Charge for the year |
10,568 |
10,568 |
Eliminated on disposals |
(9,848) |
(9,848) |
At 31 August 2016 |
46,890 |
46,890 |
Net book value |
||
At 31 August 2016 |
|
|
At 31 August 2015 |
|
|
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
Control |
The director is the controlling party by virtue of his controlling shareholding in the company.