Heatwave Energy Solutions Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06057908 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

FOR

HEATWAVE ENERGY SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTOR:

A P Dutton

REGISTERED OFFICE:

Units 20 & 21 Cinnamon Business Park

Makerfield Way

Ince

Wigan

Lancashire

WN2 2PR

REGISTERED NUMBER:

06057908 (England and Wales)

ACCOUNTANTS:

A Dickinson & Co

Chartered Cert. Accountants

15 Market Street

Standish

Wigan

Lancashire

WN6 0HW

FIXED ASSETS

Tangible assets

4

464,533

485,713

CURRENT ASSETS

Stocks

462,171

444,859

Debtors

5

2,228,556

1,844,696

Cash at bank

1,879,241

1,733,811

4,569,968

4,023,366

CREDITORS

Amounts falling due within one year

6

1,304,147

1,288,994

NET CURRENT ASSETS

3,265,821

2,734,372

TOTAL ASSETS LESS CURRENT LIABILITIES

3,730,354

3,220,085

CREDITORS

Amounts falling due after more than one year

7

-

(13,012

)

PROVISIONS FOR LIABILITIES

(71,841

)

(69,725

)

NET ASSETS

3,658,513

3,137,348

CAPITAL AND RESERVES

Called up share capital

8

200

200

Retained earnings

3,658,313

3,137,148

SHAREHOLDERS' FUNDS

3,658,513

3,137,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 June 2017 and were signed by:

A P Dutton - Director

1.	STATUTORY INFORMATION

Heatwave Energy Solutions Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be

found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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 etc

-

25% on reducing balance

Stocks

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 is calculated using the first-in, first-out method and includes all purchase, transport, and

handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

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 profit or loss over the relevant period.

The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 February 2016

170,196

451,385

21,024

Additions

2,888

28,908

-

At 31 January 2017

173,084

480,293

21,024

DEPRECIATION

At 1 February 2016

51,454

325,873

9,271

Charge for year

16,650

34,206

2,350

Eliminated on disposal

-

-

-

At 31 January 2017

68,104

360,079

11,621

NET BOOK VALUE

At 31 January 2017

104,980

120,214

9,403

At 31 January 2016

118,742

125,512

11,753

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2016

401,195

63,484

1,107,284

Additions

263,599

4,790

300,185

Disposals

(232,963

)

-

(232,963

)

At 31 January 2017

431,831

68,274

1,174,506

DEPRECIATION

At 1 February 2016

202,784

32,189

621,571

Charge for year

67,408

8,372

128,986

Eliminated on disposal

(40,584

)

-

(40,584

)

At 31 January 2017

229,608

40,561

709,973

NET BOOK VALUE

At 31 January 2017

202,223

27,713

464,533

At 31 January 2016

198,411

31,295

485,713

Fixed assets, included in the above, which are held under hire purchase contracts are as

follows:

Motor

vehicles

£

COST

At 1 February 2016

35,275

Disposals

(35,275

)

At 31 January 2017

-

DEPRECIATION

At 1 February 2016

20,394

Eliminated on disposal

(20,394

)

At 31 January 2017

-

NET BOOK VALUE

At 31 January 2017

-

At 31 January 2016

14,881

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Trade debtors

457,886

546,112

Other debtors

1,770,670

1,298,584

2,228,556

1,844,696

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Hire purchase contracts

-

4,930

Trade creditors

772,720

700,413

Taxation and social security

149,009

294,998

Other creditors

382,418

288,653

1,304,147

1,288,994

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.17

31.1.16

£

£

Hire purchase contracts

-

13,012

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.17

31.1.16

value:

£

£

100

£1 Ordinary

£1

100

100

100

£1 B Class

£1

100

100

200

200

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A P Dutton.

Company Director Mr Adrian Dutton is the ultimate controlling party as he is the sole

shareholder of the Parent Company.

The following reproduces the text of the report prepared for the director and members in respect of

the company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Director are not required to

be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2017 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

A Dickinson & Co

Chartered Cert. Accountants

15 Market Street

Standish

Wigan

Lancashire

WN6 0HW

Date: .............................................