Registered number
10128155
Heatman Commercial Management Ltd
Unaudited Filleted Accounts
30 April 2018
Heatman Commercial Management Ltd
Registered number: 10128155
Balance Sheet
as at 30 April 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 3 1,079 1,388
Current assets
Debtors 4 16,552 22,159
Cash at bank and in hand 22,309 20,063
38,861 42,222
Creditors: amounts falling due within one year 5 (15,148) (17,340)
Net current assets 23,713 24,882
Net assets 24,792 26,270
Capital and reserves
Called up share capital 101 100
Profit and loss account 24,691 26,170
Shareholders' funds 24,792 26,270
The director is 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 director acknowledges his 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Lee Heatman
Director
Approved by the board on 11 October 2018
Heatman Commercial Management Ltd
Notes to the Accounts
for the year ended 30 April 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2018 2017
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2017 1,542
At 30 April 2018 1,542
Depreciation
At 1 May 2017 154
Charge for the year 309
At 30 April 2018 463
Net book value
At 30 April 2018 1,079
At 30 April 2017 1,388
4 Debtors 2018 2017
£ £
Trade debtors 6,480 8,640
Other debtors 10,072 13,519
16,552 22,159
5 Creditors: amounts falling due within one year 2018 2017
£ £
Taxation and social security costs 15,149 16,671
Other creditors (1) 669
15,148 17,340
6 Other information
Heatman Commercial Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
31, Brynbryddan
Cwmavon
Port Talbot
West Glamorgan
SA12 9LD
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