AD_AIR_CONDITIONING_LTD - Accounts

AD AIR CONDITIONING LIMITED - Company Information

Print Friendly Version

Company Registration No. 06956820 (England and Wales)

AD AIR CONDITIONING LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2015

AD AIR CONDITIONING LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

AD AIR CONDITIONING LTD

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

7,784

7,274

Current assets

Debtors

601

3,357

Cash at bank and in hand

3,460

7,656

4,061

11,013

Creditors: amounts falling due within one year

(8,714)

(11,068)

Net current liabilities

(4,653)

(55)

Total assets less current liabilities

3,131

7,219

Capital and reserves

Called up share capital

100

Profit and loss account

3,031

7,119

Shareholders' funds

3,131

7,219

For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 21 April 2016

D Ayres

Director

Company Registration No. 06956820

AD AIR CONDITIONING LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 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:

Fixtures, fittings & equipment

25% reducing balance

Motor vehicles

25% reducing balance

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Fixed assets

Tangible assets

Cost

At 1 August 2014

13,408

Additions

2,875

At 31 July 2015

16,283

Depreciation

At 1 August 2014

6,134

Charge for the year

2,365

At 31 July 2015

8,499

Net book value

At 31 July 2015

7,784

At 31 July 2014

7,274

AD AIR CONDITIONING LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2015

- 3 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £2,685 (2014 - £4,512).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100