Helionix Developments Ltd - Period Ending 2015-06-30

Registration number: 01421883

Helionix Developments Ltd
 
  Unaudited Abbreviated Accounts
 
  for the Year Ended 30 June 2015
 

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

Helionix Developments Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Helionix Developments Ltd
(Registration number: 01421883)
Abbreviated Balance Sheet at 30 June 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					1,687			267
Current assets
Stocks					45,117			45,117
Debtors					443,389			466,756
Cash at bank and in hand					-			1,961
					488,506			513,834
Creditors: Amounts falling due within one year					(40,647)			(14,627)
Net current assets					447,859			499,207
Total assets less current liabilities					449,546			499,474
Creditors: Amounts falling due after more than one year					(17,528)			(43,046)
Net assets					432,018			456,428
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					431,918			456,328
Shareholders' funds					432,018			456,428

For the year ending 30 June 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 18 December 2015

.........................................
Mr Alistair Thomas Gould
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Helionix Developments Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 June 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 has been provided at the following rates in order to write off the assets over their estimated useful lives

Asset class	Depreciation method and rate
Plant and Machinery	25% Reducing Balance

Research and development

Research and development expenditure is written off as incurred.

Stock

Properties held for resale are valued at the lower of cost and net realisable value

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 2

Helionix Developments Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2014		474			474
Additions		1,983			1,983
At 30 June 2015		2,457			2,457
Depreciation
At 1 July 2014		207			207
Charge for the year		563			563
At 30 June 2015		770			770
Net book value
At 30 June 2015		1,687			1,687
At 30 June 2014		267			267

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary Shares of £1 each		100			100			100			100

4

Control

The company is controlled by Helionix Group Ltd by virtue of its 100% shareholding. The ultimate controlling party is the Directors who hold 100% of the shares of Helionix Group Ltd.

Page 3