5650200 HEART CONTRACTS LIMITED 2014-01-01 2014-12-31 false true 2014-12-31 5650200 2014-01-01 2014-12-31 5650200 2014-12-31 5650200 2013-12-31 5650200 c:MotorVehicles 2014-01-01 2014-12-31 5650200 c:FixturesFittingsToolsEquipment 2014-01-01 2014-12-31 5650200 d:OrdinaryShareClass1 2014-12-31 5650200 d:OrdinaryShareClass1 2013-12-31 5650200 d:OrdinaryShareClass1 2014-01-01 2014-12-31 5650200 d:Director2 2014-01-01 2014-12-31 5650200 c:ProvisionsForDeferredTaxation 2013-12-31 xbrli:shares iso4217:GBP
Registered number: 5650200














HEART CONTRACTS LIMITED




UNAUDITED


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014













 
HEART CONTRACTS LIMITED
REGISTERED NUMBER: 5650200

ABBREVIATED BALANCE SHEET
AS AT 31 DECEMBER 2014

2014
2013
Note
£
£
£
£
 
FIXED ASSETS





 
Tangible assets
 
2
14,021
16,421
 
Investments
 
3
103,921

103,921








117,942

120,342
 
CURRENT ASSETS





 
Debtors
130,960
170,459

 
Cash at bank and in hand

282,217
390,241







 
413,177
560,700
 
CREDITORS: amounts falling due within one year
(33,654)
(193,318)
 
NET CURRENT ASSETS


379,523

367,382
 
TOTAL ASSETS LESS CURRENT LIABILITIES
497,465
487,724
 
PROVISIONS FOR LIABILITIES





 
Deferred tax
(1,081)
(1,265)

NET ASSETS




 496,384


 486,459
  
CAPITAL AND RESERVES

 
Called up share capital
4
100
100
 
Profit and loss account
496,284
486,359
 
SHAREHOLDERS' FUNDS
 

 496,384

 486,459


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question 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 for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2014 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.


Page 1

 
HEART CONTRACTS LIMITED
 
    
ABBREVIATED BALANCE SHEET (continued)
AS AT 31 DECEMBER 2014

The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 30 September 2015.





M S Wass
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
HEART CONTRACTS LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

1.3
Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation.  Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor vehicles
-
25% Reducing Balance Basis
Fixtures and fittings
-
15% Reducing Balance Basis

1.4
Investments

Investments held as fixed assets are shown at cost less provision for impairment.

1.5
Deferred taxation

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.

A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.

Deferred tax assets and liabilities are not discounted.

Page 3

 
HEART CONTRACTS LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014

2.TANGIBLE FIXED ASSETS



£


Cost 


At 1 January 2014
33,896

Additions
1,466


At 31 December 2014

35,362



Depreciation


At 1 January 2014
17,475

Charge for the year
3,866


At 31 December 2014

21,341




Net book value


At 31 December 2014
 14,021


At 31 December 2013

 16,421


3.FIXED ASSET INVESTMENTS



£


Cost or valuation



At 1 January 2014 and 31 December 2014

103,921




Net book value


At 31 December 2014
 103,921


At 31 December 2013

 103,921


4.SHARE CAPITAL
        2014
        2013
        £

        £

Allotted, called up and fully paid



100 Ordinary shares of £1 each
 100
 100

Page 4