J_T_HEATING_LIMITED - Accounts

J.T. HEATING LIMITED - Company Information

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Company Registration No. 04191233 (England and Wales)

J T HEATING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2014

J T HEATING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

J T HEATING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

Tangible assets

14,161

11,107

14,162

11,108

Current assets

Stocks

5,389

6,049

Debtors

94,153

64,695

Cash at bank and in hand

35,390

48,456

134,932

119,200

Creditors: amounts falling due within one year

(56,210)

(49,614)

Net current assets

78,722

69,586

Total assets less current liabilities

92,884

80,694

Provisions for liabilities

(2,397)

90,487

80,694

Capital and reserves

Called up share capital

10,000

Profit and loss account

80,487

70,694

Shareholders' funds

90,487

80,694

For the financial year ended 30 April 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 September 2014

Mr T G Jones

Mr I M Jones

Director

Company Registration No. 04191233

J T HEATING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Income is recognised within the period that the service is provided.

1.3

Goodwill

Acquired goodwill is written off in five equal annual instalments over its estimated useful economic life.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% reducing balance

Fixtures, fittings and equipment

15% reducing balance

Motor vehicles

25% reducing balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 May 2013

5,000

44,368

49,368

Additions

7,495

At 30 April 2014

5,000

51,863

56,863

Depreciation

At 1 May 2013

4,999

33,261

38,260

Charge for the year

4,441

At 30 April 2014

4,999

37,702

42,701

Net book value

At 30 April 2014

14,161

14,162

At 30 April 2013

11,107

11,108

J T HEATING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

10,000 Ordinary shares of £1 each

10,000

Related party relationships and transactions

Other transactions

The balance owed to T G Jones by the company at the year end was £14,248 (2013 - £14,397 ).

The balance is included within other creditors and no interest is payable on the amount outstanding .