OXBY_WARM_AIR_LIMITED - Accounts

OXBY WARM AIR LIMITED - Company Information

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Company Registration No. 00905506 (England and Wales)

OXBY WARM AIR LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2015

OXBY WARM AIR LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

OXBY WARM AIR LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

16,525

21,924

Current assets

Stocks

5,076

5,355

Debtors

21,188

16,996

Cash at bank and in hand

171,257

131,991

197,521

154,342

Creditors: amounts falling due within one year

(73,795)

(67,141)

Net current assets

123,726

87,201

Total assets less current liabilities

140,251

109,125

Provisions for liabilities

(2,876)

(3,850)

137,375

105,275

Capital and reserves

Called up share capital

Profit and loss account

137,372

105,272

Shareholders' funds

137,375

105,275

For the financial year ended 30 April 2015 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 and authorised for issue on 3 July 2015

Mr N Oxby

Director

Company Registration No. 00905506

OXBY WARM AIR LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

- 2 -

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 April 2008).

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

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

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 less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

33% straight line

Plant and machinery

20% reducing balance

Office equipment

25% reducing balance

Motor vehicles

25% reducing balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 May 2014 & at 30 April 2015

71,714

Depreciation

At 1 May 2014

49,790

Charge for the year

5,399

At 30 April 2015

55,189

Net book value

At 30 April 2015

16,525

At 30 April 2014

21,924

OXBY WARM AIR LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

3 Ordinary of £1 each

Control

The controlling party is Oxby Birmingham Limited, a company incorporated in England and Wales. The ultimate controlling party is the director N Oxby by virtue of his shareholding in Oxby Birmingham Limited.

Related party relationships and transactions

Included in other debtors is an amount £724 (2014: £724) owed by Oxby Heating Limited, a company of which N Oxby is a director and shareholder.

Included in other creditors is an amount £2,480 (2014: £1,252) owed to the director, N Oxby. This loan is interest free and repayable on demand.

During the year the company paid dividends of £30,000 (2014: £780,000) to the parent company, Oxby Birmingham Limited.