Registration number:
for the Year Ended
Marston Heating Limited
Contents
Accountants' Report |
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Abbreviated Balance Sheet |
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Notes to the Abbreviated Accounts |
The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.
Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Marston Heating Limited
for the Year Ended 31 October 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Marston Heating Limited for the year ended 31 October 2016 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Financial Accountants , we are subject to its ethical and other professional requirements
.
This report is made solely to the Board of Directors of Marston Heating Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Marston Heating Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marston Heating Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Marston Heating Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Marston Heating Limited. You consider that Marston Heating Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Marston 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 accounts.
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LA Accountancy Limited
Dorset House
5 Church Street
Wimborne
Dorset
BH21 1JH
28 July 2017
Marston Heating Limited
(Registration number: 08253759)
Abbreviated Balance Sheet as at 31 October 2016
Note |
2016 |
2015 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current (liabilities)/assets |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
For the year ending 31 October 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 director on
.........................................
Mr Adam Marston
Director
Marston Heating Limited
Notes to the Abbreviated Accounts
Accounting policies |
Going concern
The financial statements have been prepared on a going concern basis.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Motor Vehicles |
25% Reducing Balance |
Plant and Machinery |
20% Reducing Balance |
Hire purchase and leasing
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.
Fixed assets |
Tangible assets |
Total |
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Cost |
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At 1 November 2015 |
15,994 |
15,994 |
At 31 October 2016 |
15,994 |
15,994 |
Depreciation |
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At 1 November 2015 |
8,768 |
8,768 |
Charge for the year |
1,713 |
1,713 |
At 31 October 2016 |
10,481 |
10,481 |
Net book value |
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At 31 October 2016 |
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At 31 October 2015 |
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Marston Heating Limited
Notes to the Abbreviated Accounts
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
Control |
The director is the controlling party by virtue of his controlling shareholding in the company.