Heatone Ltd,Ltd - AccountsLtd - Accounts

Heatone Ltd,Ltd - AccountsLtd - Accounts

HEATONE LTD - Company Information

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2016-04-01 07897214 2017-03-31 07897214 2016-04-01 2017-03-31 07897214 2016-03-31 07897214 2015-04-01 2016-03-31 07897214 uk-core:WithinOneYear 2016-03-31 07897214 uk-core:WithinOneYear 2017-03-31 07897214 uk-core:ShareCapital 2017-03-31 07897214 uk-core:ShareCapital 2016-03-31 07897214 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 07897214 uk-core:RetainedEarningsAccumulatedLosses 2016-03-31 07897214 uk-bus:Director1 2016-04-01 2017-03-31 07897214 uk-core:CommercialMotorVehicles 2016-04-01 2017-03-31 iso4217:GBP 07897214 uk-bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 07897214 uk-bus:FRS102 2016-04-01 2017-03-31 07897214 uk-bus:FullAccounts 2016-04-01 2017-03-31 07897214 uk-bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31
Heatone Ltd
Registered Number:07897214
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2017
Heatone Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 March 2017
Heatone Ltd
Statement of Financial Position
Registered Number :
07897214
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
1,864
2,485
2
1,864
2,485
Current assets
Trade and other receivables
1,668
-
3
10,770
Cash and cash equivalents
5,209
5,209
12,438
Trade and other payables: amounts falling due within one
year
(14,207)
(7,008)
4
(1,769)
(1,799)
Net current liabilities
Total assets less current liabilities
65
716
65
Net assets
716
Capital and reserves
Called up share capital
1
1
Retained earnings
64
715
65
716
Shareholders' funds
For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
Mr Matthew Heaton Director
These financial statements were approved and authorised for issue by the Board on 13 October 2017 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2017
Heatone Ltd
Notes to the Financial Statements
Statutory Information
Heatone Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
07897214.
Principal place of business:
45 Bywell Road
Cleadon
Sunderland
SR6 7QT
Registered address:
5a Station Terrace
East Boldon
Tyne & Wear
NE36 0LJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. An amount equal to the excess of the annual depreciation charge on revalued assets over the notional historic cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve. 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:
25% Reducing balance
Motor vehicles
Inventories
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.
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5
For the year ended 31 March 2017
Heatone Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Motor vehicles
£
Cost or
valuation
At 01 April 2016
7,363
At 31 March 2017
7,363
Provision for depreciation and impairment
At 01 April 2016
4,878
Charge for year
621
At 31 March 2017
5,499
At 31 March 2017
Net book value
1,864
At 31 March 2016
2,485
3. Trade and other receivables
2016
2017
£
£
Other debtors
-
1,668
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Taxation and social security
2,013
4,050
Other creditors
4,995
10,157
7,008
14,207
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