Heatone Ltd,Ltd - Accounts

HEATONE LTD - Company Information

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Heatone Ltd

For the year ended 31 March 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 07897214

Contents Page

Heatone Ltd

For the year ended 31 March 2016

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

Heatone Ltd

Chartered Accountants' Report

For the year ended 31 March 2016

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 2016 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 3 June 2016. 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

03 June 2016

Dated:

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Abbreviated Balance Sheet

Heatone Ltd

As at 31 March 2016

07897214

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

2,485

3,313

2,485

3,313

Current assets

Stocks

4,000

Debtors

1,668

Cash at bank and in hand

10,770

10,741

12,438

16,409

Creditors: amounts falling due within one year

(19,379)

(14,207)

(2,970)

(1,769)

Net current liabilities

Total assets less current liabilities

716

343

716

Net assets

343

Capital and reserves

Called up share capital

Profit and loss account

715

342

716

343

Shareholders funds

For the year ended 31 March 2016 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: 03 June 2016

Mr Matthew Heaton Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Heatone Ltd

For the year ended 31 March 2016

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Dividends

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

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

25% Reducing balance

Stocks

Stocks 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.

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

7,363

At 01 April 2015

At 31 March 2016

7,363

Depreciation

4,050

At 01 April 2015

828

Charge for year

4,878

At 31 March 2016

Net book values

At 31 March 2016

2,485

3,313

At 31 March 2015

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Notes to the Abbreviated Financial Statements

Heatone Ltd

For the year ended 31 March 2016

3 Share capital

Authorised

100 Ordinary share of £1.00 each

Allotted called up and fully paid

2016

2015

1 Ordinary share of £1.00 each

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