Heathcote Eng and Technical Serv Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06406209 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2019

FOR

HEATHCOTE ENGINEERING AND TECHNICAL

SERVICES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E R Bown

Miss R Bown

Miss I Bown

SECRETARY:

Mr N J Bown

REGISTERED OFFICE:

Heathcote

144 Front Street

Sowerby

Thirsk

North Yorkshire

YO7 1JN

REGISTERED NUMBER:

06406209 (England and Wales)

ACCOUNTANTS:

Lyons & Co Ltd

23 Yarm Road

Stockton on Tees

TS18 3NJ

FIXED ASSETS

Tangible assets

4

964

470

CURRENT ASSETS

Stocks

2,200

4,695

Debtors

2,381

5,670

Cash at bank

12,642

2,038

17,223

12,403

CREDITORS

Amounts falling due within one year

17,920

16,877

NET CURRENT LIABILITIES

(697

)

(4,474

)

TOTAL ASSETS LESS CURRENT LIABILITIES

267

(4,004

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

167

(4,104

)

SHAREHOLDERS' FUNDS

267

(4,004

)

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 directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2019 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 Board of Directors and authorised for issue on 26 June 2020 and were signed on its behalf by:

Mrs E R Bown - Director

1.	STATUTORY INFORMATION

Heathcote Engineering And Technical Services 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.

Fixtures and fittings

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing

stocks to their present location and condition.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2018

1,915

Additions

659

At 31 October 2019

2,574

DEPRECIATION

At 1 November 2018

1,445

Charge for year

165

At 31 October 2019

1,610

NET BOOK VALUE

At 31 October 2019

964

At 31 October 2018

470

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2019 and 31 October 2018:

31/10/19

31/10/18

£

£

Mrs E R Bown

Balance outstanding at start of year

2,007

-

Amounts advanced

-

5,100

Amounts repaid

(2,007

)

(3,093

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

2,007

The maximum amount outstanding during the year was £2,007 and interest was charged on the loan at 2.5% per annum but

as this was repaid early in the year, it is not worth providing for.

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs E R Bown.