Abbreviated Company Accounts - GREENHEAT UK LTD

06858928 GREENHEAT UK LTD 2014-03-31 false 2013-04-01 2014-03-31 true 06858928 2013-04-01 2014-03-31 06858928 2014-03-31 06858928 2013-03-31 06858928 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 06858928 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 06858928

GREENHEAT UK LTD

Abbreviated Accounts

31 March 2014

GREENHEAT UK LTD Registered Number 06858928

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	10,668	6,777
		10,668	6,777
Current assets
Stocks		70,896	45,246
Debtors		9,303	74,315
Cash at bank and in hand		5,493	7,087
		85,692	126,648
Creditors: amounts falling due within one year		(65,531)	(86,328)
Net current assets (liabilities)		20,161	40,320
Total assets less current liabilities		30,829	47,097
Creditors: amounts falling due after more than one year		(9,027)	(4,589)
Total net assets (liabilities)		21,802	42,508
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		21,801	42,507
Shareholders' funds		21,802	42,508

For the year ending 31 March 2014 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 17 December 2014

And signed on their behalf by:
Mrs E COULSTOCK, Director

GREENHEAT UK LTD Registered Number 06858928

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2Tangible fixed assets

	£
Cost
At 1 April 2013	16,052
Additions	7,447
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	23,499
Depreciation
At 1 April 2013	9,275
Charge for the year	3,556
On disposals	-
At 31 March 2014	12,831
Net book values
At 31 March 2014	10,668
At 31 March 2013	6,777

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1