REGISTERED NUMBER: 06381345 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2013

for

Plumbing Wise Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A Garrard

SECRETARY:

Ms E Smith

REGISTERED OFFICE:

14 Hadley Road

Enfield

Middlesex

EN28JS

REGISTERED NUMBER:

06381345 (England and Wales)

ACCOUNTANTS:

ABEL Associates

Chartered Accountants

North London Business Park

Oakleigh Road South

London

N11 1GN

FIXED ASSETS

Tangible assets

2

8,486

11,552

CURRENT ASSETS

Stocks

2,400

2,030

Debtors

28,414

25,668

Cash at bank and in hand

31,719

24,091

62,533

51,789

CREDITORS

Amounts falling due within one year

46,026

46,317

NET CURRENT ASSETS

16,507

5,472

TOTAL ASSETS LESS CURRENT LIABILITIES

24,993

17,024

PROVISIONS FOR LIABILITIES

-

1,616

NET ASSETS

24,993

15,408

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

23,993

14,408

SHAREHOLDERS' FUNDS

24,993

15,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2013 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 April 2014 and were signed by:

A Garrard - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the invoiced value of services and parts, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Going concern

The financial statements have been prepared on the presumption that the company is, and continues to be a going

concern. Mr Garrard has supported the business during a difficult year, trading is now much improved.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2012

and 31 July 2013

21,153

DEPRECIATION

At 1 August 2012

9,601

Charge for year

3,066

At 31 July 2013

12,667

NET BOOK VALUE

At 31 July 2013

8,486

At 31 July 2012

11,552

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.13

31.7.12

value:

£

£

1,000

Ordinary

1

1,000

1,000

4.	ULTIMATE CONTROLLING PARTY

Mr A Garrard controls the company through his 100% shareholding.