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Unaudited Financial Statements |
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for the Year Ended 30 November 2018 |
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for |
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Michael Strachan Local Plumbers Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 November 2018 |
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for |
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Michael Strachan Local Plumbers Ltd |
Michael Strachan Local Plumbers Ltd (Registered number: SC305587) |
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Contents of the Financial Statements |
for the Year Ended 30 November 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Chartered Accountants' Report | 6 |
Michael Strachan Local Plumbers Ltd |
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Company Information |
for the Year Ended 30 November 2018 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Accountants |
Glebefield House |
21 Links Terrace |
Peterhead |
Aberdeenshire |
AB42 2XA |
Michael Strachan Local Plumbers Ltd (Registered number: SC305587) |
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Balance Sheet |
30 November 2018 |
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30.11.18 | 30.11.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Investments | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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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. |
Michael Strachan Local Plumbers Ltd (Registered number: SC305587) |
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Balance Sheet - continued |
30 November 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director on
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Michael Strachan Local Plumbers Ltd (Registered number: SC305587) |
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Notes to the Financial Statements |
for the Year Ended 30 November 2018 |
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1. | STATUTORY INFORMATION |
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Michael Strachan Local Plumbers Ltd is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements for the year ended 30 November 2017 are the first financial statements that comply with |
FRS102 Section 1A small entities. The date of transition is 01 December 2015. The transition has resulted in a |
small number of changes in accounting policies to those used previously. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at |
the end of each accounting period. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Debtors and creditors receivable/ payable within one year. |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at |
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other |
administrative costs. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Michael Strachan Local Plumbers Ltd (Registered number: SC305587) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2018 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 December 2017 |
and 30 November 2018 |
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DEPRECIATION |
At 1 December 2017 |
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Charge for year |
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At 30 November 2018 |
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NET BOOK VALUE |
At 30 November 2018 |
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At 30 November 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.18 | 30.11.17 |
£ | £ |
Trade debtors |
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Amounts recoverable on contract |
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Other debtors |
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6. | CURRENT ASSET INVESTMENTS |
30.11.18 | 30.11.17 |
£ | £ |
Investments | 128,843 | 137,146 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.18 | 30.11.17 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Michael Strachan Local Plumbers Ltd |
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The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
Report of the Director are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Michael Strachan Local Plumbers Ltd for the year ended 30 November 2018 which comprise the |
Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records |
and from information and explanations you have given us. |
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This report is made solely to the director of Michael Strachan Local Plumbers Ltd in accordance with our terms of |
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Michael |
Strachan Local Plumbers Ltd and state those matters that we have agreed to state to the director of Michael Strachan |
Local Plumbers Ltd in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to |
anyone other than the company and its director for our work or for this report. |
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It is your duty to ensure that Michael Strachan Local Plumbers 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 loss of Michael |
Strachan Local Plumbers Ltd. You consider that Michael Strachan Local Plumbers Ltd is exempt from the statutory |
audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Michael Strachan Local |
Plumbers 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. |
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Accountants |
Glebefield House |
21 Links Terrace |
Peterhead |
Aberdeenshire |
AB42 2XA |
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Date: ............................................. |