Heat With Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09109399 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2019

for

Heat With Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

M L Cadd

REGISTERED OFFICE:

Datum House

Electra Way

Crewe

Cheshire

CW1 6ZF

REGISTERED NUMBER:

09109399 (England and Wales)

FIXED ASSETS

Tangible assets

5

2,778

4,293

CURRENT ASSETS

Debtors

6

839

476

Cash at bank and in hand

4,525

13,766

5,364

14,242

CREDITORS

Amounts falling due within one year

7

(5,915

)

(6,101

)

NET CURRENT (LIABILITIES)/ASSETS

(551

)

8,141

TOTAL ASSETS LESS CURRENT LIABILITIES

2,227

12,434

PROVISIONS FOR LIABILITIES

8

(528

)

(816

)

NET ASSETS

1,699

11,618

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

1,689

11,608

1,699

11,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2020 and were signed by:

M L Cadd - Director

1.	STATUTORY INFORMATION

Heat With Ltd principal activity during the year under review was that of related party storage and administration.

The company is a private company limited by shares and is incorporated in England and Wales. The registered office

address is Datum House, Electra Way, Crewe, CW1 6ZF. The company's registered number is 09109399.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in

these financial statements are rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Summary of significant accounting policies

The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation

The financial statements are prepared on the going concern basis under the historical cost convention and comply with

the United Kingdom Accounting Standards and Companies Act 2006.

Going concern

No other material uncertainties that may cast significant doubt about the ability of the company to continue as a going

concern have been identified by the directors.

The directors therefore consider it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and

Value Added Tax. It is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of

financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 November 2018

5,000

1,061

6,061

Disposals

(833

)

-

(833

)

At 31 October 2019

4,167

1,061

5,228

DEPRECIATION

At 1 November 2018

1,250

518

1,768

Charge for year

781

109

890

Eliminated on disposal

(208

)

-

(208

)

At 31 October 2019

1,823

627

2,450

NET BOOK VALUE

At 31 October 2019

2,344

434

2,778

At 31 October 2018

3,750

543

4,293

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Tax

-

381

VAT

839

19

Prepayments

-

76

839

476

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

5,012

91

Tax

18

-

Other creditors

360

5,360

Accrued expenses

525

650

5,915

6,101

8.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

528

816

Deferred

tax

£

Balance at 1 November 2018

816

Charge for the year

(288

)

Balance at 31 October 2019

528

9.	RELATED PARTY DISCLOSURES