Registered Number 04136472
TOTAL PLUMBING SUPPLIES LIMITED
Abbreviated Accounts
31 December 2013
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Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
Stocks |
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Debtors |
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Investments |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Provisions for liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
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
Tangible assets depreciation policy
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
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
£ | |
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Cost | |
At 1 January 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2013 |
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Depreciation | |
At 1 January 2013 |
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Charge for the year |
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On disposals |
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At 31 December 2013 |
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Net book values | |
At 31 December 2013 | 266,816 |
At 31 December 2012 | 202,067 |
3Fixed assets Investments
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