Heaver Trading Co Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03640040 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

HEAVER TRADING CO LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C J Ellis

Mrs K J Kelly

Mrs M Ellis

K L Kirk

SECRETARY:

Mrs K J Kelly

REGISTERED OFFICE:

Ash Grange

Ash Road

Ash, Sevenoaks

Kent

TN15 7HJ

REGISTERED NUMBER:

03640040 (England and Wales)

ACCOUNTANTS:

Sargeant Partnership

Chartered Accountants

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

FIXED ASSETS

Tangible assets

2

198,253

199,710

CURRENT ASSETS

Cash in hand

817

276

CREDITORS

Amounts falling due within one year

120,188

146,939

NET CURRENT LIABILITIES

(119,371

)

(146,663

)

TOTAL ASSETS LESS CURRENT LIABILITIES

78,882

53,047

PROVISIONS FOR LIABILITIES

2,866

2,776

NET ASSETS

76,016

50,271

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

76,014

50,269

SHAREHOLDERS' FUNDS

76,016

50,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 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 28 July 2016 and were signed on its behalf by:

C J Ellis - 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 April 2008).

Turnover

Turnover represents rental income of trading units.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Long leasehold

-

4% per annum on cost

Plant and machinery

-

10% per annum on cost

Motor vehicles

-

25% per annum 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

276,041

Additions

5,562

At 31 October 2015

281,603

DEPRECIATION

At 1 November 2014

76,331

Charge for year

7,019

At 31 October 2015

83,350

NET BOOK VALUE

At 31 October 2015

198,253

At 31 October 2014

199,710

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary Shares

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES