Heatmaster UK Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05698579 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

HEATMASTER UK LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S P Bebee

SECRETARY:

Mrs C Bebee

REGISTERED OFFICE:

26 Church Street

Bishop's Stortford

Hertfordshire

CM23 2LY

REGISTERED NUMBER:

05698579 (England and Wales)

ACCOUNTANTS:

Morris Wheeler & Co Limited

Chartered Accountants

26 Church Street

Bishop's Stortford

Hertfordshire

CM23 2LY

FIXED ASSETS

Tangible assets

2

13,424

3,193

CURRENT ASSETS

Stocks

1,500

Debtors

20,804

32,722

Cash at bank and in hand

2,339

6,946

24,643

41,168

CREDITORS

Amounts falling due within one year

3

19,648

27,732

NET CURRENT ASSETS

4,995

13,436

TOTAL ASSETS LESS CURRENT
LIABILITIES

18,419

16,629

CREDITORS

Amounts falling due after more than one
year

3

7,971

-

NET ASSETS

10,448

16,629

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

10,348

16,529

SHAREHOLDERS' FUNDS

10,448

16,629

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 23 September 2016 and were signed by:

S P Bebee - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on cost

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 material timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

6,259

Additions

14,831

At 31 December 2015

21,090

DEPRECIATION

At 1 January 2015

3,066

Charge for year

4,600

At 31 December 2015

7,666

NET BOOK VALUE

At 31 December 2015

13,424

At 31 December 2014

3,193

3.

CREDITORS

Creditors include an amount of £ 11,956 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100

Ordinary

£1

100