Sean Heaney Lettings Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05385959 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

SEAN HEANEY LETTINGS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr S C Heaney

Ms E J Heaney

REGISTERED OFFICE:

Hartfield Place

40-44 High Street

Northwood

Middlesex

HA6 1BN

REGISTERED NUMBER:

05385959 (England and Wales)

ACCOUNTANTS:

Robert Clow & Co

Chartered Accountants

Hartfield Place

40 - 44 High Street

Northwood

Middlesex

HA6 1BN

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

1,507

832

1,507

832

CURRENT ASSETS

Debtors

7,507

3,687

Cash at bank and in hand

9,839

10,725

17,346

14,412

CREDITORS

Amounts falling due within one year

102,303

105,591

NET CURRENT LIABILITIES

(84,957

)

(91,179

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(83,450

)

(90,347

)

CREDITORS

Amounts falling due after more than one year

26,600

NET LIABILITIES

(110,050

)

(116,947

)

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(110,150

)

(117,047

)

SHAREHOLDERS' FUNDS

(110,050

)

(116,947

)

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 19 December 2016 and were signed on its behalf by:

Mr S C Heaney - 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).

Changes in accounting policies

Until last year income was recognised at the date of invoice. From this year income has been recognised on an accruals

basis.

Comparative figures have not been adjusted due to the amount of work required to restate the figures.

The effect on profits has been a reduction of £18,314.

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

-

25% 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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

45,000

AMORTISATION

At 1 April 2015

and 31 March 2016

45,000

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

1,553

Additions

1,177

At 31 March 2016

2,730

DEPRECIATION

At 1 April 2015

721

Charge for year

502

At 31 March 2016

1,223

NET BOOK VALUE

At 31 March 2016

1,507

At 31 March 2015

832

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100