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2015-03-31
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2015-03-31
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iso4217:GBP
For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07897214
2
Heatone Ltd
For the year ended 31 March 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Heatone Ltd
Chartered Accountants' Report
For the year ended 31 March 2015
Chartered Accountants' Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the |
accounts of Heatone Ltd for the year ended 31 March 2015 which comprise the Profit and Loss Account, the |
Balance Sheet and the related notes from the company's accounting records and from information and |
explanations you have given us. |
As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its |
ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the Board of Directors of Heatone Ltd, as a body, in accordance with the terms of our |
engagement letter dated 18 September 2015. Our work has been undertaken solely to prepare for your approval |
the accounts of Heatone Ltd and state those matters that we have agreed to state to the Board of Directors of |
Heatone Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the |
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Heatone Ltd and its |
Board of Directors as a body for our work or for this report. |
It is your duty to ensure that Heatone Ltd has kept adequate accounting records to prepare statutory accounts that |
give a true and fair view of the assets, liabilities, financial position and profit of Heatone Ltd. You consider that |
Heatone Ltd is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the accounts of Heatone Ltd. For this reason, we |
have not verified the accuracy or completeness of the accounting records or information and explanations you have |
given to us and we do not, therefore, express any opinion on the statutory accounts. |
Brewster & Co.
5a Station Terrace
East Boldon
Tyne & Wear
NE36 0LJ
18 September 2015
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4
Abbreviated Balance Sheet |
Heatone Ltd
2015
2014
2
3,313
4,418
3,313
4,418
4,000
4,000
1,668
1,668
10,741
20,123
16,409
25,791
Creditors: amounts falling due within one year |
(30,070)
(19,379)
(4,279)
(2,970)
Net current liabilities
Total assets less current liabilities |
343
139
343
Net assets
139
1
3
1
342
138
343
139
Shareholders funds
For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
2) The director acknowledges his 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. |
Date approved by the board: 18 September 2015 |
Mr Matthew Heaton Director |
Signed on behalf of the board of directors |
2 of 4
5
Notes to the Abbreviated Financial Statements |
Heatone Ltd
For the year ended 31 March 2015
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
by the shareholders prior to the balance sheet date. |
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Motor Vehicles
Stocks and work in progress |
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
7,363
7,363
2,945
1,105
Charge for year
4,050
3,313
4,418
3 of 4
6
Notes to the Abbreviated Financial Statements |
Heatone Ltd
For the year ended 31 March 2015
100 Ordinary shares of £1.00 each |
Allotted called up and fully paid |
2015
2014
1 Ordinary shares of £1.00 each |
1
1
1
1
4 of 4