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Company Registration No. 00170138 (England and Wales)
W S HEANE LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 MARCH 2016
W S HEANE LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
W S HEANE LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF W S HEANE LIMITED FOR THE YEAR ENDED 30 MARCH 2016
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of W S Heane Limited for the year ended 30 March 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 Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of W S Heane Limited, as a body, in accordance with the terms of our engagement letter dated 15 December 2014. Our work has been undertaken solely to prepare for your approval the financial statements of W S Heane Limited and state those matters that we have agreed to state to the Board of Directors of W S Heane Limited, as a body, 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 W S Heane Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that W S Heane 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 loss of W S Heane Limited. You consider that W S Heane 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 financial statements of W S Heane 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.
Moore and Smalley LLP
Chartered Accountants
Richard House
9 Winckley Square
Preston
PR1 3HP
20 March 2017
W S HEANE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 MARCH 2016
30 March 2016
- 2 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
89,500
89,500
Investments
2
8,000
8,000
97,500
97,500
Current assets
Net current assets
-
-
Total assets less current liabilities
97,500
97,500
Capital and reserves
Called up share capital
3
10,903
10,903
Revaluation reserve
74,559
74,559
Profit and loss account
12,038
12,038
Shareholders'  funds
97,500
97,500
For the financial year ended 30 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 10 March 2017
Mr D W Heane
Director
Company Registration No. 00170138
W S HEANE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 MARCH 2016
- 3 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2
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).
1.3
Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. The company has adopted the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective April 2008) and has retained book values (cost or valuation) for properties.

 

The company has adopted the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective April 2008) and has retained book values (cost or valuation) for properties.

Freehold land and buildings
No depreciation
1.4
Investments

The investment in the subsidiary company is shown at cost.

1.5
Group accounts

In the opinion of the directors, the company and its subsidiary undertaking comprise a small group. the company has therefore taken advantage of the exemption provided by Section 399 of the Companies Act 2006 not to prepare group accounts.

1.6
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
1.7

Impairment review

The directors have performed an annual impairment review in respect of the freehold land and buildings, to ensure that the carrying amount of the asset is not overstated. In the directors' opinion, since the useful economic life is longer than fifty years, no depreciation has been made on the grounds that it is immaterial.

W S HEANE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2016
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost or valuation
At 1 April 2015 & at 30 March 2016
89,500
8,000
97,500
At 31 March 2015
89,500
8,000
97,500
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Graphic House Limited
England
Ordinary
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
Graphic House Limited
Printers
37,672
(18,906)
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10,903 Ordinary shares of £1 each
10,903
10,903
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