Property Heatcare Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05073739 (England and Wales)

PROPERTY HEATCARE LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P Raffo

M Raffo

SECRETARY:

P Raffo

REGISTERED OFFICE:

28 Meadow Lea

Worksop

Nottinghamshire

S80 3QJ

REGISTERED NUMBER:

05073739 (England and Wales)

FIXED ASSETS

Tangible assets

2

10,644

1,797

CURRENT ASSETS

Debtors

543

492

Cash in hand

-

35

543

527

CREDITORS

Amounts falling due within one year

12,628

15,301

NET CURRENT LIABILITIES

(12,085

)

(14,774

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,441

)

(12,977

)

CREDITORS

Amounts falling due after more than one
year

8,253

-

NET LIABILITIES

(9,694

)

(12,977

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(9,794

)

(13,077

)

SHAREHOLDERS' FUNDS

(9,694

)

(12,977

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 12 May 2016 and were signed on its behalf by:

P Raffo - Director

1.	ACCOUNTING POLICIES

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 January 2015).

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 etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

Deferred tax

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

sheet date.

Going concern note

The directors considers the company to be a going concern as a result of their continuing support of it.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

5,761

Additions

12,490

Disposals

(3,600

)

At 31 March 2016

14,651

DEPRECIATION

At 1 April 2015

3,964

Charge for year

2,124

Eliminated on disposal

(2,081

)

At 31 March 2016

4,007

NET BOOK VALUE

At 31 March 2016

10,644

At 31 March 2015

1,797

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed Mrs P Raffo £NIL (2015: £2,800)