Abbreviated Company Accounts - GREENHEAT UK LTD

06858928 GREENHEAT UK LTD 2015-03-31 false 2014-04-01 2015-03-31 true 06858928 2014-04-01 2015-03-31 06858928 2015-03-31 06858928 2014-03-31 06858928 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 06858928 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 06858928

GREENHEAT UK LTD

Abbreviated Accounts

31 March 2015

GREENHEAT UK LTD Registered Number 06858928

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	13,531	10,668
		13,531	10,668
Current assets
Stocks		70,640	70,896
Debtors		8,397	9,303
Cash at bank and in hand		3,113	5,493
		82,150	85,692
Creditors: amounts falling due within one year		(78,532)	(65,531)
Net current assets (liabilities)		3,618	20,161
Total assets less current liabilities		17,149	30,829
Creditors: amounts falling due after more than one year		(5,585)	(9,027)
Total net assets (liabilities)		11,564	21,802
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		11,563	21,801
Shareholders' funds		11,564	21,802

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 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 22 December 2015

And signed on their behalf by:
Mrs E COULSTOCK, Director

GREENHEAT UK LTD Registered Number 06858928

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements 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 net invoiced sales of goods, excluding value added tax.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2Tangible fixed assets

	£
Cost
At 1 April 2014	23,499
Additions	7,372
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	30,871
Depreciation
At 1 April 2014	12,831
Charge for the year	4,509
On disposals	-
At 31 March 2015	17,340
Net book values
At 31 March 2015	13,531
At 31 March 2014	10,668

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1