Registered Number 04136472

TOTAL PLUMBING SUPPLIES LIMITED

Abbreviated Accounts

31 December 2013

TOTAL PLUMBING SUPPLIES LIMITED Registered Number 04136472

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 266,816 202,067
Investments 3 36,070 70
302,886 202,137
Current assets
Stocks 518,349 519,297
Debtors 879,198 867,048
Investments 21,900 21,900
Cash at bank and in hand 412,762 130,624
1,832,209 1,538,869
Creditors: amounts falling due within one year (1,300,244) (1,227,450)
Net current assets (liabilities) 531,965 311,419
Total assets less current liabilities 834,851 513,556
Provisions for liabilities (42,022) (26,347)
Total net assets (liabilities) 792,829 487,209
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 792,729 487,109
Shareholders' funds 792,829 487,209
  • For the year ending 31 December 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 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 Board on 29 September 2014

And signed on their behalf by:
I D MOSES, Director

TOTAL PLUMBING SUPPLIES LIMITED Registered Number 04136472

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Exemption from preparing group accounts
The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
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:
Short leasehold land and buildings - Straight line over the life of the lease
Plant and machinery - 25% reducing balance
Fixtures, fittings and equipment - 25% reducing balance

Other accounting policies
Fixed asset investments

Investments held as fixed assets are stated at cost, together with subsequent capital contributions, less any provisions for impairment in value.
Investment income is recognised in the financial statements when the company becomes entitled to its share of profits from the fixed asset investment.

Current asset investments
Current asset investments are included at the lower of cost and net realisable value.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account

2Tangible fixed assets
£
Cost
At 1 January 2013 417,910
Additions 125,534
Disposals -
Revaluations -
Transfers -
At 31 December 2013 543,444
Depreciation
At 1 January 2013 215,843
Charge for the year 60,785
On disposals -
At 31 December 2013 276,628
Net book values
At 31 December 2013 266,816
At 31 December 2012 202,067

3Fixed assets Investments
Cost at 1 January 2013: £70
Additions: £36,000
Cost at 31 December 2013: £36,070

Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking Holding

Subsidiary undertakings- Total Renewable Solutions South West Limited
Proportion of voting rights and shares held - Ordinary shares 70%
Principal activity - Wholesale of hardware, plumbing and renewable heating equipment and supplies

4Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
100 Ordinary shares of £1 each 100 100