Heather Greenway Limited
|
Registered number: |
04574478
|
Abbreviated Balance Sheet |
as at 31 October 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
as restated |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
196,456 |
|
|
1,100 |
|
Current assets |
Debtors |
|
|
76,194 |
|
|
79,260 |
Cash at bank and in hand |
|
|
100,691 |
|
|
233,476 |
|
|
|
176,885 |
|
|
312,736 |
|
Creditors: amounts falling due within one year |
|
|
(229,851) |
|
|
(255,191) |
|
Net current (liabilities)/assets |
|
|
|
(52,966) |
|
|
57,545 |
|
Total assets less current liabilities |
|
|
|
143,490 |
|
|
58,645 |
|
|
Provisions for liabilities |
|
|
|
(77) |
|
|
- |
|
|
Net assets |
|
|
|
143,413 |
|
|
58,645 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
143,313 |
|
|
58,545 |
|
Shareholders' funds |
|
|
|
143,413 |
|
|
58,645 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
H E Greenway |
Director |
Approved by the board on 27 January 2017
|
|
Heather Greenway Limited
|
Notes to the Abbreviated Accounts |
for the year ended 31 October 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% straight line
|
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Leasing and hire purchase commitments |
|
Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This is in accordance with the Financial Reporting Standard for Smaller Entities which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
2 |
Prior year adjustment |
|
|
Due to an adjustment required to employer pension contributions previously recorded as personal contributions an adjustment was made last year to correctly amend the contributions and associated corporation tax implications. A tax reduction of £38,000 was previously provided however this was overstated by £10,000. As a result of the adjustment, reserves have decreased by £10,000. |
|
|
3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2015 |
11,351 |
|
Additions |
196,585 |
|
At 31 October 2016 |
207,936 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2015 |
10,251 |
|
Charge for the year |
1,229 |
|
At 31 October 2016 |
11,480 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2016 |
196,456 |
|
At 31 October 2015 |
1,100 |
|
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
as restated |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|