AD_AIR_CONDITIONING_LTD - Accounts
AD_AIR_CONDITIONING_LTD - Accounts
Company Registration No. 06956820 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
-
Cash at bank and in hand
Creditors: amounts falling due within one year
3
(6,450 )
(8,714 )
Net current liabilities
(5,588 )
(4,653 )
Total assets less current liabilities
Capital and reserves
Called up share capital
4
Profit and loss account
Shareholders' funds
Director's responsibilities:
-
-
Approved by the Board for issue on 20 April 2017
Director
Company Registration No. 06956820
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
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
1.4
Tangible fixed assets and depreciation
Fixtures, fittings & equipment
Motor vehicles
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.
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2015
16,283
Additions
1,255
At 31 July 2016
17,538
Depreciation
At 1 August 2015
8,498
Charge for the year
2,260
At 31 July 2016
10,758
Net book value
At 31 July 2016
6,780
At 31 July 2015
7,784
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2016
- 3 -
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £858 (2015 - £2,685).
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
5
Control
The ultimate controlling party is D Ayres, the sole director and shareholder.