REGISTERED NUMBER: 07208321 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2018

FOR

LAVA HEATING SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B L Jeavons

Mrs T Jeavons

SECRETARY:

Mrs T Jeavons

REGISTERED OFFICE:

226 Foden Road

Great Barr

Birmingham

West Midlands

B42 2EJ

REGISTERED NUMBER:

07208321 (England and Wales)

ACCOUNTANTS:

Williams, Ashton & Anderson Limited

359 Yardley Road

Yardley

Birmingham

West Midlands

B25 8NB

FIXED ASSETS

Tangible assets

4

11,518

175

CURRENT ASSETS

Debtors

5

13,274

15,476

CREDITORS

Amounts falling due within one year

6

10,415

8,302

NET CURRENT ASSETS

2,859

7,174

TOTAL ASSETS LESS CURRENT LIABILITIES

14,377

7,349

CREDITORS

Amounts falling due after more than one year

7

(7,432

)

-

PROVISIONS FOR LIABILITIES

8

(2,188

)

(35

)

NET ASSETS

4,757

7,314

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

4,657

7,214

SHAREHOLDERS' FUNDS

4,757

7,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 July 2018 and were signed on its behalf by:

B L Jeavons - Director

1.	STATUTORY INFORMATION

Lava Heating Services Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2017

956

7,199

8,155

Additions

-

15,240

15,240

Disposals

-

(7,199

)

(7,199

)

At 31 March 2018

956

15,240

16,196

DEPRECIATION

At 1 April 2017

781

7,199

7,980

Charge for year

87

3,810

3,897

Eliminated on disposal

-

(7,199

)

(7,199

)

At 31 March 2018

868

3,810

4,678

NET BOOK VALUE

At 31 March 2018

88

11,430

11,518

At 31 March 2017

175

-

175

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

15,240

At 31 March 2018

15,240

DEPRECIATION

Charge for year

3,810

At 31 March 2018

3,810

NET BOOK VALUE

At 31 March 2018

11,430

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

4,035

4,650

Other debtors

9,239

10,826

13,274

15,476

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

2,044

2,174

Other loans

3,000

-

Hire purchase contracts

3,185

-

Tax

828

4,433

Directors' current accounts

488

825

Accrued expenses

870

870

10,415

8,302

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

7,432

-

8.	PROVISIONS FOR LIABILITIES

31.3.18

31.3.17

£

£

Deferred tax

2,188

35

Deferred

tax

£

Balance at 1 April 2017

35

Provided during year

2,153

Balance at 31 March 2018

2,188

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 April 2017

7,214

Profit for the year

11,143

Dividends

(13,700

)

At 31 March 2018

4,657

11.	RELATED PARTY TRANSACTIONS

There was a balance owing to the directors by the company on their loan account at 31 March 2018 of

£488 (2017 £825).

12.	ULTIMATE CONTROLLING PARTY

The company is under the joint control of Mr. B. Jeavons and Mrs. T. Jeavons.