Abbreviated Company Accounts - HEATTREAT LIMITED

03598917 HEATTREAT LIMITED 2014-07-31 false 2013-08-01 2014-07-31 true 03598917 2013-08-01 2014-07-31 03598917 2014-07-31 03598917 2013-07-31 03598917 uk-gaap-cd-bus:Director1 2013-08-01 2014-07-31 03598917 uk-gaap-cd-bus:Director2 2013-08-01 2014-07-31 uk-gaap-cd-bus:Director3 2013-08-01 2014-07-31 uk-gaap-cd-bus:Director3 2014-07-31 uk-gaap-cd-bus:Director3 2013-07-31 uk-gaap-cd-bus:Director4 2013-08-01 2014-07-31 uk-gaap-cd-bus:Director4 2014-07-31 uk-gaap-cd-bus:Director4 2013-07-31 iso4217:GBP shares

Registered Number 03598917

HEATTREAT LIMITED

Abbreviated Accounts

31 July 2014

HEATTREAT LIMITED Registered Number 03598917

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	520,000	552,500
Tangible assets	3	34,700	28,320
		554,700	580,820
Current assets
Debtors		1,076,820	879,805
Cash at bank and in hand		130,338	167,446
		1,207,158	1,047,251
Creditors: amounts falling due within one year		(232,115)	(434,423)
Net current assets (liabilities)		975,043	612,828
Total assets less current liabilities		1,529,743	1,193,648
Creditors: amounts falling due after more than one year		(12,101)	(10,195)
Provisions for liabilities		(7,673)	(3,270)
Total net assets (liabilities)		1,509,969	1,180,183
Capital and reserves
Called up share capital		2	2
Profit and loss account		1,509,967	1,180,181
Shareholders' funds		1,509,969	1,180,183

For the year ending 31 July 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 3 March 2015

And signed on their behalf by:
Mr C. Sisto, Director

HEATTREAT LIMITED Registered Number 03598917

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 15% Reducing Balance Basis
Motor Vehicles - 25% Reducing Balance Basis
Equipment - 15% Reducing Balance Basis

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - 5% straight line

2Intangible fixed assets

	£
Cost
At 1 August 2013	650,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	650,000
Amortisation
At 1 August 2013	97,500
Charge for the year	32,500
On disposals	-
At 31 July 2014	130,000
Net book values
At 31 July 2014	520,000
At 31 July 2013	552,500

3Tangible fixed assets

	£
Cost
At 1 August 2013	55,948
Additions	24,311
Disposals	(15,709)
Revaluations	-
Transfers	-
At 31 July 2014	64,550
Depreciation
At 1 August 2013	27,628
Charge for the year	11,301
On disposals	(9,079)
At 31 July 2014	29,850
Net book values
At 31 July 2014	34,700
At 31 July 2013	28,320

Included within the net book value of £34,700 is £30,790 (2013 - £24,850) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £10,272 (2013 - £8,268).

4Transactions with directors

Name of director receiving advance or credit:	Mr C.Sisto
Description of the transaction:	Related Party Note
Balance at 1 August 2013:	£ 149,768
Advances or credits made:	-
Advances or credits repaid:	£ 123,197
Balance at 31 July 2014:	£ 26,571

Name of director receiving advance or credit:	Jan Tan Properties ltd
Description of the transaction:	Related Party Note
Balance at 1 August 2013:	£ 746,991
Advances or credits made:	£ 237,000
Advances or credits repaid:	-
Balance at 31 July 2014:	£ 983,991

The company was under the joint control of Mr C. Sisto and Mrs J.P. Sisto throughout the current and previous year. Mr C. Sisto and Mrs J.P. Sisto together own 100% of the share capital of the company.

At the year end, the company owed the directors £26,571 (2013 - £149,768). There was no interest charged on this amount and there are no fixed terms of repayment.

At the year end the company was owed £983,991 (2013 - £746,991) by Jantan Properties Ltd, in which Mr C. Sisto and Mrs J.P. Sisto each hold 50% of the ordinary issued shares to which all voting rights are attached. There was no interest charged in respect of this account and there were no fixed terms for repayment.