Caseware UK (AP4) 2016.0.181 2016.0.181 2018-05-312018-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2017-06-01 08085638 2017-06-01 2018-05-31 08085638 2016-06-01 2017-05-31 08085638 2018-05-31 08085638 2017-05-31 08085638 c:Director1 2017-06-01 2018-05-31 08085638 d:PlantMachinery 2017-06-01 2018-05-31 08085638 d:PlantMachinery 2018-05-31 08085638 d:PlantMachinery 2017-05-31 08085638 d:PlantMachinery d:OwnedOrFreeholdAssets 2017-06-01 2018-05-31 08085638 d:MotorVehicles 2017-06-01 2018-05-31 08085638 d:MotorVehicles 2018-05-31 08085638 d:MotorVehicles d:OwnedOrFreeholdAssets 2017-06-01 2018-05-31 08085638 d:OwnedOrFreeholdAssets 2017-06-01 2018-05-31 08085638 d:CurrentFinancialInstruments 2018-05-31 08085638 d:CurrentFinancialInstruments 2017-05-31 08085638 d:CurrentFinancialInstruments d:WithinOneYear 2018-05-31 08085638 d:CurrentFinancialInstruments d:WithinOneYear 2017-05-31 08085638 d:ShareCapital 2018-05-31 08085638 d:ShareCapital 2017-05-31 08085638 d:RetainedEarningsAccumulatedLosses 2018-05-31 08085638 d:RetainedEarningsAccumulatedLosses 2017-05-31 08085638 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2018-05-31 08085638 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2017-05-31 08085638 d:AcceleratedTaxDepreciationDeferredTax 2018-05-31 08085638 d:AcceleratedTaxDepreciationDeferredTax 2017-05-31 08085638 c:FRS102 2017-06-01 2018-05-31 08085638 c:AuditExempt-NoAccountantsReport 2017-06-01 2018-05-31 08085638 c:FullAccounts 2017-06-01 2018-05-31 08085638 c:PrivateLimitedCompanyLtd 2017-06-01 2018-05-31 iso4217:GBP xbrli:pure
Registered number: 08085638









D T BETTONEY PLUMBING & HEATING LIMITED

FILLETED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018







































 
D T BETTONEY PLUMBING & HEATING LIMITED
REGISTERED NUMBER: 08085638

BALANCE SHEET
AS AT 31 MAY 2018

2018
2017
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,447
794

  
1,447
794

Current assets
  

Debtors: amounts falling due within one year
 5 
23,807
19,473

Cash at bank and in hand
 6 
14,401
16,193

  
38,208
35,666

Creditors: amounts falling due within one year
 7 
(29,456)
(16,987)

Net current assets
  
 
 
8,752
 
 
18,679

Total assets less current liabilities
  
10,199
19,473

Provisions for liabilities
  

Deferred tax
 9 
(246)
(135)

  
 
 
(246)
 
 
(135)

Net assets
  
9,953
19,338


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
9,949
19,334

  
9,953
19,338


Page 1

 
D T BETTONEY PLUMBING & HEATING LIMITED
REGISTERED NUMBER: 08085638
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2018

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 October 2018.




D M Fitchett
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
D T BETTONEY PLUMBING & HEATING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

1.


General information

D T Bettoney Plumbing & Heating Limited is a private company, limited by shares, incorporated in England, registration number 08085638. The address of its registered office is 4 Priory Gardens, Isleham, Ely, Cambs, CB7 5ZB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
D T BETTONEY PLUMBING & HEATING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

2.Accounting policies (continued)

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 4

 
D T BETTONEY PLUMBING & HEATING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the Balance sheet date.

Page 5

 
D T BETTONEY PLUMBING & HEATING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

2.Accounting policies (continued)

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of income and retained earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2017 - 6).

Page 6

 
D T BETTONEY PLUMBING & HEATING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 June 2017
2,586
-
2,586


Additions
-
1,400
1,400



At 31 May 2018

2,586
1,400
3,986



Depreciation


At 1 June 2017
1,793
-
1,793


Charge for the year on owned assets
396
350
746



At 31 May 2018

2,189
350
2,539



Net book value



At 31 May 2018
397
1,050
1,447



At 31 May 2017
794
-
794

Page 7

 
D T BETTONEY PLUMBING & HEATING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

5.


Debtors

2018
2017
£
£


Trade debtors
14,352
18,187

Other debtors
8,146
482

Prepayments and accrued income
1,309
804

23,807
19,473



6.


Cash and cash equivalents

2018
2017
£
£

Cash at bank and in hand
14,401
16,193

14,401
16,193



7.


Creditors: Amounts falling due within one year

2018
2017
£
£

Trade creditors
13,381
5,435

Corporation tax
1,659
4,317

Other taxation and social security
11,532
3,848

Other creditors
1,190
2,057

Accruals and deferred income
1,694
1,330

29,456
16,987



8.


Financial instruments

2018
2017
£
£

Financial assets


Financial assets measured at fair value through profit or loss
14,401
16,193




Page 8

 
D T BETTONEY PLUMBING & HEATING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

9.


Deferred taxation




2018


£






At beginning of year
(135)


Charged to profit or loss
(111)



At end of year
(246)

The provision for deferred taxation is made up as follows:

2018
2017
£
£


Accelerated capital allowances
(246)
(135)

(246)
(135)


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £26,200 (2017 - £nil). Contributions totalling £72 (2017 - £nil) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 9