True Flame Heating Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06607616 (England and Wales)

Abbreviated Accounts for the Year Ended 30th June 2015

for

True Flame Heating Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G.M. Sheehan

SECRETARY:

C.L. Sheehan

REGISTERED OFFICE:

1-3 Manor Road

Chatham

Kent

ME4 6AE

REGISTERED NUMBER:

06607616 (England and Wales)

ACCOUNTANTS:

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

FIXED ASSETS

Intangible assets

2

2,771

3,721

Tangible assets

3

9,406

12,540

12,177

16,261

CURRENT ASSETS

Debtors

31,989

18,589

Cash at bank

2

4,002

31,991

22,591

CREDITORS

Amounts falling due within one year

4

34,499

26,909

NET CURRENT LIABILITIES

(2,508

)

(4,318

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,669

11,943

CREDITORS

Amounts falling due after more than one year

4

(6,583

)

(9,214

)

PROVISIONS FOR LIABILITIES

(1,881

)

(2,455

)

NET ASSETS

1,205

274

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

1,105

174

SHAREHOLDERS' FUNDS

1,205

274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2015 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 24th March 2016 and were signed by:

G.M. Sheehan - 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 is the total amount receivable by the company for goods supplied and services provided excluding VAT and

trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

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

date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2014

and 30th June 2015

9,500

AMORTISATION

At 1st July 2014

5,779

Amortisation for year

950

At 30th June 2015

6,729

NET BOOK VALUE

At 30th June 2015

2,771

At 30th June 2014

3,721

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2014

and 30th June 2015

18,301

DEPRECIATION

At 1st July 2014

5,761

Charge for year

3,134

At 30th June 2015

8,895

NET BOOK VALUE

At 30th June 2015

9,406

At 30th June 2014

12,540

4.

CREDITORS

Creditors include an amount of £ 9,214 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2015 and 30th June 2014:

2015

2014

£

£

G.M. Sheehan

Balance outstanding at start of year

12,927

-

Amounts advanced

7,422

12,927

Amounts repaid

(12,927

)

-

Balance outstanding at end of year

7,422

12,927