Reco Heart Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09781256

Abridged Unaudited Financial Statements for the Year Ended 30th September 2018

for

Reco Heart Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Ms N de Havilland

REGISTERED OFFICE:

Grenville House

4 Grenville Avenue

Broxbourne

Hertfordshire

EN10 7DH

REGISTERED NUMBER:

09781256

ACCOUNTANTS:

Lincoln Brown & Co Limited

Chartered Certified Accountants

Grenville House

4 Grenville Avenue

Broxbourne

Hertfordshire

EN10 7DH

The following reproduces the text of the report prepared for the director 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Reco Heart Limited for the year ended

30th September 2018 which comprise the Income Statement, Abridged Balance Sheet and the

related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Reco Heart Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Reco Heart Limited and state those matters that we have agreed to state to the director of Reco Heart Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Reco Heart Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Reco Heart Limited. You consider that Reco Heart Limited 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 financial statements of Reco Heart Limited. 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 financial statements.

Lincoln Brown & Co Limited

Chartered Certified Accountants

Grenville House

4 Grenville Avenue

Broxbourne

Hertfordshire

EN10 7DH

16th January 2019

FIXED ASSETS

Tangible assets

4

21,470

150

CURRENT ASSETS

Stocks

19,260

5,023

Debtors

9,631

1,419

Cash at bank

1,768

7,616

30,659

14,058

CREDITORS

Amounts falling due within one year

58,150

19,889

NET CURRENT LIABILITIES

(27,491

)

(5,831

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,021

)

(5,681

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(6,022

)

(5,682

)

(6,021

)

(5,681

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th September 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 16th January 2019 and were signed by:

Ms N de Havilland - Director

1.	STATUTORY INFORMATION

Reco Heart Limited is a private company, limited by shares , registered in Not

specified/Other. 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.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st October 2017

200

Additions

24,475

At 30th September 2018

24,675

DEPRECIATION

At 1st October 2017

50

Charge for year

3,155

At 30th September 2018

3,205

NET BOOK VALUE

At 30th September 2018

21,470

At 30th September 2017

150