Heritage House (Publishers) Ltd - Period Ending 2015-03-31

Registration number: 03033794

Heritage House (Publishers) Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Aims Accountants
Chartered Accountants
Tudor House
The Green
Great Bentley
Colchester
CO7 8PG

Heritage House (Publishers) Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Heritage House (Publishers) Ltd
for the Year Ended 31 March 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Heritage House (Publishers) Ltd for the year ended 31 March 2015 set out on pages 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Heritage House (Publishers) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Heritage House (Publishers) Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Heritage House (Publishers) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Heritage House (Publishers) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Heritage House (Publishers) Ltd. You consider that Heritage House (Publishers) Ltd 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 accounts of Heritage House (Publishers) Ltd. 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 accounts.

......................................

Aims Accountants
Chartered Accountants
Tudor House
The Green
Great Bentley
Colchester
CO7 8PG

30 November 2015

Page 1

Heritage House (Publishers) Ltd
(Registration number: 03033794)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					1,197			1,596
Current assets
Stocks					7,825			6,750
Debtors					1,435			1,744
Cash at bank and in hand					2,724			977
					11,984			9,471
Creditors: Amounts falling due within one year					(1,207)			(1,698)
Net current assets					10,777			7,773
Net assets					11,974			9,369
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					11,972			9,367
Shareholders' funds					11,974			9,369

For the year ending 31 March 2015 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 director acknowledges his 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 director on 30 November 2015

.........................................
Mr D J Hawes
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Heritage House (Publishers) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor Vehicles	25% Reducing Balance Basis
Plant & Machinery	25% Reducing Balance Basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Heritage House (Publishers) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		5,045			5,045
At 31 March 2015		5,045			5,045
Depreciation
At 1 April 2014		3,449			3,449
Charge for the year		399			399
At 31 March 2015		3,848			3,848
Net book value
At 31 March 2015		1,197			1,197
At 31 March 2014		1,596			1,596

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary Shares of £1 each		2			2			2			2

Page 4