Airtech Compressors Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08027769 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

Airtech Compressors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K Lenham

M Vickerman

SECRETARY:

REGISTERED OFFICE:

650 Anlaby Road

Kingston upon Hull

East Yorkshire

HU3 6UU

REGISTERED NUMBER:

08027769 (England and Wales)

ACCOUNTANTS:

Andrew Cooper & Company

Chartered Accountants

650 Anlaby Road

Kingston upon Hull

East Yorkshire

HU3 6UU

FIXED ASSETS

Tangible assets

2

37,532

19,468

CURRENT ASSETS

Stocks

1,180

960

Debtors

84,745

70,121

Cash at bank and in hand

55,291

34,959

141,216

106,040

CREDITORS

Amounts falling due within one year

96,897

72,442

NET CURRENT ASSETS

44,319

33,598

TOTAL ASSETS LESS CURRENT
LIABILITIES

81,851

53,066

CREDITORS

Amounts falling due after more than one year

10,617

5,456

NET ASSETS

71,234

47,610

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

71,134

47,510

SHAREHOLDERS' FUNDS

71,234

47,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 14 November 2016 and were signed on its behalf by:

K Lenham - Director

M Vickerman - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 etc

-

10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

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 the profit and loss account over the relevant period. The

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period

of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

22,984

Additions

20,717

At 30 April 2016

43,701

DEPRECIATION

At 1 May 2015

3,516

Charge for year

2,653

At 30 April 2016

6,169

NET BOOK VALUE

At 30 April 2016

37,532

At 30 April 2015

19,468

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

100

Ordinary

£1

100