Abbreviated Company Accounts - LPG HOMEHEAT LIMITED

NORTHERN ENERGY GAS LIMITED - Company Information

06894408 LPG HOMEHEAT LIMITED 2016-08-31 false 2015-09-01 2016-08-31 true 06894408 2015-09-01 2016-08-31 06894408 2016-08-31 06894408 2015-08-31 06894408 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 06894408 uk-gaap-cd-bus:Director2 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP shares

Registered Number 06894408

LPG HOMEHEAT LIMITED

Abbreviated Accounts

31 August 2016

LPG HOMEHEAT LIMITED Registered Number 06894408

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	649,820	594,295
Investments	3	6,951,195	6,951,195
		7,601,015	7,545,490
Current assets
Debtors		85,476	1,027,835
Cash at bank and in hand		136	1,180
		85,612	1,029,015
Creditors: amounts falling due within one year	4	(6,152,633)	(4,519,132)
Net current assets (liabilities)		(6,067,021)	(3,490,117)
Total assets less current liabilities		1,533,994	4,055,373
Creditors: amounts falling due after more than one year	4	-	(2,866,000)
Provisions for liabilities		(117,000)	(103,000)
Total net assets (liabilities)		1,416,994	1,086,373
Capital and reserves
Called up share capital	5	10,000	10,000
Profit and loss account		1,406,994	1,076,373
Shareholders' funds		1,416,994	1,086,373

For the year ending 31 August 2016 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 directors acknowledge their 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 Board on 25 April 2017

And signed on their behalf by:
J Illingworth, Director

LPG HOMEHEAT LIMITED Registered Number 06894408

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and the Financial Reporting Standard for Smaller Entities (effective January 2015) (the FRSSE).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT.

Tangible assets depreciation policy
Depreciation of tangible fixed assets is provided on cost over their estimated useful lives. The annual rates and methods of depreciation are as follows:-

Tanks and equipment - Straight line basis over 15 years

Other accounting policies
Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.
Cash flow statement

The company qualifies as a small company under the Companies Act 2006. The directors have elected to take advantage of the exemption under the FRSSE not to prepare a cash flow statement.

Fixed asset investments
Fixed asset investments are stated at historical cost less provision for any diminution in value.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed by the balance sheet date. Deferred tax is not recognised when assets are revalued unless, by the balance sheet date, the company has entered into a binding agreement to sell the assets and recognised the gains or losses expected to arise on sale.

2Tangible fixed assets

	£
Cost
At 1 September 2015	753,813
Additions	109,459
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	863,272
Depreciation
At 1 September 2015	159,518
Charge for the year	53,934
On disposals	-
At 31 August 2016	213,452
Net book values
At 31 August 2016	649,820
At 31 August 2015	594,295

3Fixed assets Investments
The company has 100% shareholdings in the following companies:

Company Name (Principal Activity)

Northern LPG Supplies (Holdings) Limited (Dormant company)
Northern Energy Autogas Limited (Retailing of autogas and related products)
Northern LPG Supplies Limited (Supply of liquid petroleum gas)*

* Indirect holding as company is a 100% subsidiary of Northern LPG Supplies (Holdings) Limited

The profit for the financial year and aggregate amount of capital and reserves at 31 August 2016 of each company were:

Northern LPG Supplies (Holdings) Limited - Profit £Nil, Capital & reserves £1,105,522.
Northern Energy Autogas Limited - Profit £4,617, Capital & reserves £538,945.
Northern LPG Supplies Limited - Profit £500,322, Capital & reserves £3,352,169.

4Creditors

	2016 £	2015 £
Instalment debts due after 5 years	0	178,000

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
10,000 Ordinary shares of £1 each	10,000	10,000