A.B.W.HEATING LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00985058 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2019

for

A.B.W.HEATING LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

M Alexander

SECRETARY:

M Alexander

REGISTERED OFFICE:

62 Portsmouth Road

Cobham

Surrey

KT11 1HY

REGISTERED NUMBER:

00985058 (England and Wales)

ACCOUNTANTS:

Kate Haynes Ltd

129 Woodlands Road

Little Bookham

Leatherhead

Surrey

KT23 4HN

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 A.B.W.HEATING LIMITED for the year ended 30 June 2019 which comprise the Income

Statement, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of A.B.W.HEATING LIMITED in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A.B.W.HEATING LIMITED and state those matters that we have agreed to state to the director of A.B.W.HEATING LIMITED in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A.B.W.HEATING LIMITED and its director for our work or for this report.

It is your duty to ensure that A.B.W.HEATING 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 profit of A.B.W.HEATING LIMITED. You consider that A.B.W.HEATING 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 A.B.W.HEATING 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.

Kate Haynes Ltd

129 Woodlands Road

Little Bookham

Leatherhead

Surrey

KT23 4HN

25 September 2019

FIXED ASSETS

Intangible assets

4

2,000

14,000

Tangible assets

5

1,069

2,141

3,069

16,141

CURRENT ASSETS

Stocks

60,275

55,464

Debtors

6

27,714

25,224

Cash at bank

38,247

24,221

126,236

104,909

CREDITORS

Amounts falling due within one year

7

57,032

55,023

NET CURRENT ASSETS

69,204

49,886

TOTAL ASSETS LESS CURRENT LIABILITIES

72,273

66,027

CREDITORS

Amounts falling due after more than one year

8

-

2,000

NET ASSETS

72,273

64,027

CAPITAL AND RESERVES

Called up share capital

9

2,000

2,000

Retained earnings

10

70,273

62,027

SHAREHOLDERS' FUNDS

72,273

64,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 25 September 2019 and were signed by:

M Alexander - Director

1.	STATUTORY INFORMATION

A.B.W.HEATING 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

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.

Hire purchase and leasing commitments

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 5 (2018 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2018

and 30 June 2019

25,000

AMORTISATION

At 1 July 2018

11,000

Amortisation for year

12,000

At 30 June 2019

23,000

NET BOOK VALUE

At 30 June 2019

2,000

At 30 June 2018

14,000

5.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 July 2018

and 30 June 2019

4,285

DEPRECIATION

At 1 July 2018

2,144

Charge for year

1,072

At 30 June 2019

3,216

NET BOOK VALUE

At 30 June 2019

1,069

At 30 June 2018

2,141

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade debtors

27,714

24,998

Prepayments and accrued income

-

226

27,714

25,224

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade creditors

31,233

22,499

Tax

4,816

5,085

Social security and other taxes

17,231

14,608

Other creditors

3,294

12,831

Accruals and deferred income

458

-

57,032

55,023

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.19

30.6.18

£

£

Other creditors

-

2,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.19

30.6.18

value:

£

£

2,000

Ordinary

£1

2,000

2,000

10.

RESERVES

Retained

earnings

£

At 1 July 2018

62,027

Profit for the year

8,246

At 30 June 2019

70,273