Abbreviated Company Accounts - MIDLANDS HEATING SPARES LTD

MIDLANDS HEATING SPARES LTD - Company Information

07382506 MIDLANDS HEATING SPARES LTD 2014-09-30 false 2013-10-01 2014-09-30 true 07382506 2013-10-01 2014-09-30 07382506 2014-09-30 07382506 2013-09-30 07382506 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 07382506 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:Director3 2013-10-01 2014-09-30 uk-gaap-cd-bus:Director3 2014-09-30 uk-gaap-cd-bus:Director3 2013-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 07382506

MIDLANDS HEATING SPARES LTD

Abbreviated Accounts

30 September 2014

MIDLANDS HEATING SPARES LTD Registered Number 07382506

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	849	1,061
		849	1,061
Current assets
Stocks		113,500	45,000
Debtors		4,461	1,379
Cash at bank and in hand		14,498	5,371
		132,459	51,750
Creditors: amounts falling due within one year	3	(39,779)	(34,369)
Net current assets (liabilities)		92,680	17,381
Total assets less current liabilities		93,529	18,442
Creditors: amounts falling due after more than one year	3	(68,760)	-
Total net assets (liabilities)		24,769	18,442
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		24,767	18,440
Shareholders' funds		24,769	18,442

For the year ending 30 September 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 29 June 2015

And signed on their behalf by:
Muhammad Nasar, Director

MIDLANDS HEATING SPARES LTD Registered Number 07382506

Notes to the Abbreviated Accounts for the period ended 30 September 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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

2Tangible fixed assets

	£
Cost
At 1 October 2013	1,281
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	1,281
Depreciation
At 1 October 2013	220
Charge for the year	212
On disposals	-
At 30 September 2014	432
Net book values
At 30 September 2014	849
At 30 September 2013	1,061

3Creditors

	2014 £	2013 £
Secured Debts	60,000	17,000

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2

5Transactions with directors

Name of director receiving advance or credit:	Muhammad Nasar
Description of the transaction:	Loan to the company
Balance at 1 October 2013:	£ 17,000
Advances or credits made:	£ 4,000
Advances or credits repaid:	-
Balance at 30 September 2014:	£ 21,000