Vacuum and Atmosphere Services Limited - Abbreviated accounts 16.3

Vacuum and Atmosphere Services Limited - Abbreviated accounts 16.3


039786961.5.1530.4.1630.4.16Company accountsPrivate Limited CompanyFYtruefalsetruefalsefalsetruefalseiso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure039786962015-04-30039786962016-04-30039786962015-05-012016-04-30039786962014-04-30039786962014-05-012015-04-30039786962015-04-3003978696ns12:England2015-05-012016-04-3003978696ns14:PoundSterling2015-05-012016-04-3003978696ns7:Director12015-05-012016-04-3003978696ns7:Director22015-05-012016-04-3003978696ns7:Director32015-05-012016-04-3003978696ns7:Director42015-05-012016-04-3003978696ns7:Director52015-05-012016-04-3003978696ns7:CompanySecretary2015-05-012016-04-3003978696ns7:RegisteredOffice2015-05-012016-04-3003978696ns7:EntityAccountantsOrAuditors2015-05-012016-04-3003978696ns7:EntityBankers2015-05-012016-04-3003978696ns5:NetGoodwill2015-05-012016-04-3003978696ns5:ImprovementsOrDevelopmentAssets2015-05-012016-04-3003978696ns5:PlantMachinery2015-05-012016-04-3003978696ns5:FixturesFittings2015-05-012016-04-3003978696ns5:MotorVehicles2015-05-012016-04-3003978696ns5:ComputerEquipment2015-05-012016-04-3003978696ns5:FixedAssetInvestmentsOtherThanLoans2016-04-3003978696ns5:FixedAssetInvestmentsOtherThanLoans2015-04-3003978696ns5:Subsidiary12015-05-012016-04-3003978696ns5:Subsidiary12016-04-3003978696ns5:Subsidiary12014-05-012015-04-3003978696ns7:OrdinaryShareClass12016-04-3003978696ns7:OrdinaryShareClass12015-05-012016-04-3003978696ns7:OrdinaryShareClass22016-04-3003978696ns7:OrdinaryShareClass22015-05-012016-04-3003978696ns7:OrdinaryShareClass32016-04-3003978696ns7:OrdinaryShareClass32015-05-012016-04-3003978696ns7:OrdinaryShareClass32015-04-3003978696ns7:OrdinaryShareClass42016-04-3003978696ns7:OrdinaryShareClass42015-05-012016-04-3003978696ns7:OrdinaryShareClass42015-04-30
REGISTERED NUMBER: 03978696(England and Wales)












VACUUM AND ATMOSPHERE SERVICES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH APRIL 2016






VACUUM AND ATMOSPHERE SERVICES LIMITED (REGISTERED NUMBER: 03978696)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30TH APRIL 2016




Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 6

Chartered Accountants' Report 7

VACUUM AND ATMOSPHERE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2016







DIRECTORS: Mr M M Long
Mr J D Sheahan
Mr P S Buttery
Mr N J Houghton
Mr I A Scott



SECRETARY: Mr M M Long



REGISTERED OFFICE: Unit 13
Credenda Road
Oldbury
West Bromwich
West Midlands
B70 7JE



REGISTERED NUMBER: 03978696(England and Wales)



ACCOUNTANTS: Ormerod Rutter Limited
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY



BANKERS: National Westminster Bank Plc
3 Church Street
Oldbury
Warley
West Midlands
B69 3ND

VACUUM AND ATMOSPHERE SERVICES LIMITED (REGISTERED NUMBER: 03978696)

ABBREVIATED BALANCE SHEET
30TH APRIL 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 33,600 39,200
Tangible assets 3 73,542 81,983
Investments 4 1,124 1,124
108,266 122,307

CURRENT ASSETS
Stocks 255,457 271,255
Debtors 683,611 843,795
Cash at bank and in hand 196,947 51,418
1,136,015 1,166,468
CREDITORS
Amounts falling due within one year 423,356 476,764
NET CURRENT ASSETS 712,659 689,704
TOTAL ASSETS LESS CURRENT
LIABILITIES

820,925

812,011

PROVISIONS FOR LIABILITIES 9,535 11,264
NET ASSETS 811,390 800,747

CAPITAL AND RESERVES
Called up share capital 5 316 316
Profit and loss account 811,074 800,431
SHAREHOLDERS' FUNDS 811,390 800,747

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

VACUUM AND ATMOSPHERE SERVICES LIMITED (REGISTERED NUMBER: 03978696)

ABBREVIATED BALANCE SHEET - continued
30TH APRIL 2016


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 30th January 2017and were signed on its behalf
by:





Mr M M Long- Director


VACUUM AND ATMOSPHERE SERVICES LIMITED (REGISTERED NUMBER: 03978696)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30TH APRIL 2016

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).

Preparation of consolidated financial statements
The financial statements contain information about Vacuum and Atmosphere Services Limited as an individual
company and do not contain consolidated financial information as the parent of a group. The company has taken
the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised
evenly over its estimated useful life of seven years, as assessed in 2016 having previously been amortised over
twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 5% on cost
Plant and machinery - 15% on reducing balance
Office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

Invoice factoring
Sales invoices factored are included under trade debtors in the balance sheet until paid. The related factoring
loan balance is included within other creditors or debtors.

Fixed asset investments
Fixed asset investments are held at cost.

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

VACUUM AND ATMOSPHERE SERVICES LIMITED (REGISTERED NUMBER: 03978696)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30TH APRIL 2016

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1st May 2015
and 30th April 2016 112,000
AMORTISATION
At 1st May 2015 72,800
Amortisation for year 5,600
At 30th April 2016 78,400
NET BOOK VALUE

At 30th April 2016 33,600
At 30th April 2015 39,200

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st May 2015 158,492
Additions 8,191
Disposals (4,993 )
At 30th April 2016 161,690
DEPRECIATION
At 1st May 2015 76,509
Charge for year 13,823
Eliminated on disposal (2,184 )
At 30th April 2016 88,148
NET BOOK VALUE
At 30th April 2016 73,542
At 30th April 2015 81,983

4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1st May 2015
and 30th April 2016 1,124
NET BOOK VALUE
At 30th April 2016 1,124
At 30th April 2015 1,124

VACUUM AND ATMOSPHERE SERVICES LIMITED (REGISTERED NUMBER: 03978696)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30TH APRIL 2016

4. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Furnace Fabrications Limited
Nature of business: Furnace fabrication and associated services.
%
Class of shares: holding
Ordinary A, B and D 100.00
2016 2015
£    £   
Aggregate capital and reserves 6,438 6,477
(Loss)/profit for the year (39 ) 29

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid: Class: Nominal 2016 2015
Number: value: £ £

150 Ordinary A £1 150 150
160 Ordinary B £1 160 160
2 Ordinary C £1 2 2
4 Ordinary D £1 4 4

316 316

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
VACUUM AND ATMOSPHERE SERVICES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have
been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Vacuum and Atmosphere Services Limited for the year ended 30th April 2016 which comprise
the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from
information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Vacuum and Atmosphere Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Vacuum and Atmosphere Services Limited and state those matters that we have agreed to state to the Board of Directors of Vacuum and Atmosphere Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vacuum and Atmosphere Services Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Vacuum and Atmosphere Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Vacuum and Atmosphere Services Limited. You consider that Vacuum and Atmosphere Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Vacuum and Atmosphere Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ormerod Rutter Limited
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY


30th January 2017