Downloaded from Datalog

Transcription

1 Company Registration Number: (England and Wales) Abbreviated (Unaudited) Accounts Period of accounts Start date: 01st April 2012 End date: 31st March 2013 SUBMITTED

2 Company Information Director: Company secretary: Registered office: Prakash Patel Karsan Gorsia Prakash Patel Lower Addiscombe Road Croydon Surrey CR0 7AE GB-ENG Company Registration Number: (England and Wales)

3 Abbreviated Balance sheet As at 31st March 2013 Notes Fixed assets Intangible assets: 3 75,390 92,144 Tangible assets: 4 38,874 15,712 Total fixed assets: 114, ,856 Current assets Stocks: 119, ,118 Debtors: 53,611 37,847 Cash at bank and in hand: Total current assets: 173, ,515 Creditors Creditors: amounts falling due within one year 156, ,673 Net current assets (liabilities): 17,250 3,842 Total assets less current liabilities: 131, ,698 Creditors: amounts falling due after more than one year: 193, ,725 Total net assets (liabilities): ( 61,744 ) ( 67,027 ) The notes form part of these financial statements

4 Abbreviated Balance sheet As at 31st March 2013 continued Notes Capital and reserves Called up share capital: Profit and Loss account: ( 61,844 ) ( 67,127 ) Total shareholders funds: ( 61,744 ) ( 67,027 ) For the year ending 31 March 2013 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 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008). The financial statements were approved by the Board of Directors on 03 June 2013 SIGNED ON BEHALF OF THE BOARD BY: Name: Karsan Gorsia Status: Director The notes form part of these financial statements

5 Notes to the Abbreviated Accounts 1. Accounting policies Basis of measurement and preparation of accounts The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008) Turnover policy The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts. Tangible fixed assets depreciation policy Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset, using the reducing balance basis, over its expected useful life, as follows: Fixures, fittings & equipment 20% Motor vehicles 20% Intangible fixed assets amortisation policy Goodwill arising on the acquisition of Croydon Plumbers Merchants Ltd on 26th of September 2007 represents any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a straight line basis over its useful economic life of ten years. Provision is made for any impairment.

6 Notes to the Abbreviated Accounts 3. Intangible assets Total Cost At 01st April 2012: 167, ,535 Amortisation At 01st April 2012: 75,391 Provided during the period: 16,754 At 31st March 2013: 92,145 Net book value At 31st March 2013: 75,390 At 31st March 2012: 92,144

7 Notes to the Abbreviated Accounts 4. Tangible assets Total Cost At 01st April 2012: 26,617 Additions: 30,194 Disposals: 6,934 At 31st March 2013: 49,877 Depreciation At 01st April 2012: 10,905 Charge for year: 3,465 On disposals: 3,985 Other adjustments 618 At 31st March 2013: 11,003 Net book value At 31st March 2013: 38,874 At 31st March 2012: 15,712

8 Notes to the Abbreviated Accounts 5. Called up share capital Allotted, called up and paid Previous period 2012 Class Number of shares Nominal value per share Total Ordinary shares: Total share capital: 100 Current period 2013 Class Number of shares Nominal value per share Total Ordinary shares: Total share capital: 100