Abbreviated Company Accounts - SEAN HEANEY ESTATE AGENTS LIMITED

SEAN HEANEY ESTATE AGENTS LIMITED - Company Information

Registered Number 04201733

SEAN HEANEY ESTATE AGENTS LIMITED

Abbreviated Accounts

31 March 2014

SEAN HEANEY ESTATE AGENTS LIMITED Registered Number 04201733

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,999	5,630
		2,999	5,630
Current assets
Debtors		48,466	49,829
Cash at bank and in hand		9,377	1,161
		57,843	50,990
Creditors: amounts falling due within one year		(67,099)	(116,655)
Net current assets (liabilities)		(9,256)	(65,665)
Total assets less current liabilities		(6,257)	(60,035)
Creditors: amounts falling due after more than one year		-	(14,774)
Total net assets (liabilities)		(6,257)	(74,809)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(6,357)	(74,909)
Shareholders' funds		(6,257)	(74,809)

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 31 December 2014

And signed on their behalf by:
S Heaney, Director

SEAN HEANEY ESTATE AGENTS LIMITED Registered Number 04201733

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and Machinery: 25% Straight line
Computer equipment: 25% Straight line
Fixtures, fittings and equipment: 25% Straight line
Motor vehicles: 25% Straight line

2Tangible fixed assets

	£
Cost
At 1 April 2013	96,520
Additions	2,900
Disposals	(42,849)
Revaluations	-
Transfers	-
At 31 March 2014	56,571
Depreciation
At 1 April 2013	90,890
Charge for the year	5,531
On disposals	(42,849)
At 31 March 2014	53,572
Net book values
At 31 March 2014	2,999
At 31 March 2013	5,630