For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07897214
Heatone Ltd
For the year ended 31 March 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
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
1 of 4
Notes to the Abbreviated Financial Statements |
Heatone Ltd
For the year ended 31 March 2016
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
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, 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
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. |
7,363
7,363
4,050
828
Charge for year
4,878
2,485
3,313
3 of 4
Notes to the Abbreviated Financial Statements |
Heatone Ltd
For the year ended 31 March 2016
100 Ordinary share of £1.00 each |
Allotted called up and fully paid |
2016
2015
1 Ordinary share of £1.00 each |
1
1
1
1
4 of 4