REGISTERED NUMBER:
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SOAR VALLEY HEATING LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31ST OCTOBER 2015 |
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REGISTERED NUMBER:
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SOAR VALLEY HEATING LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31ST OCTOBER 2015 |
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SOAR VALLEY HEATING LIMITED (REGISTERED NUMBER: 04452860) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST OCTOBER 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 | to | 3 |
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Notes to the Abbreviated Accounts | 4 | to | 5 |
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Chartered Accountants' Report | 6 |
SOAR VALLEY HEATING LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST OCTOBER 2015 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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BANKERS: |
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SOAR VALLEY HEATING LIMITED (REGISTERED NUMBER: 04452860) |
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ABBREVIATED BALANCE SHEET |
31ST OCTOBER 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
3 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
SOAR VALLEY HEATING LIMITED (REGISTERED NUMBER: 04452860) |
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ABBREVIATED BALANCE SHEET - continued |
31ST OCTOBER 2015 |
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The financial statements were approved by the director on
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SOAR VALLEY HEATING LIMITED (REGISTERED NUMBER: 04452860) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST OCTOBER 2015 |
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1. | ACCOUNTING POLICIES |
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Compliance with accounting standards |
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards |
(United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as |
otherwise stated). |
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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). |
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Turnover |
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Revenue is |
recognised on despatch of goods or on provision of services. |
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Tangible fixed assets |
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: |
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Plant and machinery | 15% reducing balance |
Computer equipment | 33.33% straight line |
Fixtures, fittings & equipment | 25% reducing balance |
Motor vehicles | 25% reducing balance |
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Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due |
allowance for obsolete and slow moving items. |
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Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
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Deferred tax |
Deferred tax is provided at appropriate rates on all timing differences using the liability method only to the |
extent that, in the opinion of the director, there is a reasonable probability that a liability or asset will |
crystallise in the foreseeable future. |
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Pension costs and other post-retirement benefits |
The company operates a defined pension contribution scheme for the benefit of its employees. Contributions |
payable are charged to the profit and loss account in the year they are payable. |
SOAR VALLEY HEATING LIMITED (REGISTERED NUMBER: 04452860) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31ST OCTOBER 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st November 2014 |
and 31st October 2015 |
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DEPRECIATION |
At 1st November 2014 |
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Charge for year |
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At 31st October 2015 |
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NET BOOK VALUE |
At 31st October 2015 |
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At 31st October 2014 |
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3. | CREDITORS |
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Creditors include an amount of £
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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5. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31st October 2015 and |
31st October 2014: |
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2015 | 2014 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year | ( |
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No interest was charged on the overdrawn Directors Loan Account as the balance did not exceed £5,000 |
before being repaid. |
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
SOAR VALLEY HEATING LIMITED |
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The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Soar Valley Heating Limited for the year ended 31st October 2015 which comprise the Profit |
and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from |
information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
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This report is made solely to the director of Soar Valley Heating Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Soar Valley Heating Limited and state those matters that we have agreed to state to the director of Soar Valley Heating Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
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It is your duty to ensure that Soar Valley Heating Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Soar Valley Heating Limited. You consider that Soar Valley Heating Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Soar Valley Heating Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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13th July 2016 |