Aztec Air Conditioning (Install'ns) Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 02060226 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2017

for

Aztec Air Conditioning

(Installations) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J Hook

Mrs L D Hook

P Featherstone

SECRETARY:

M J Hook

REGISTERED OFFICE:

Overdene House

49 Church Street

Theale

Reading

Berkshire

RG7 5BX

REGISTERED NUMBER:

02060226 (England and Wales)

ACCOUNTANTS:

Kirkpatrick & Hopes Ltd

Overdene House

49 Church Street

Theale

Reading

Berkshire

RG7 5BX

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

-

45,514

-

45,514

CURRENT ASSETS

Debtors

7

40,717

75,839

Cash at bank

2,040

1,792

42,757

77,631

CREDITORS

Amounts falling due within one year

8

428,533

481,593

NET CURRENT LIABILITIES

(385,776

)

(403,962

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(385,776

)

(358,448

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(386,776

)

(359,448

)

SHAREHOLDERS' FUNDS

(385,776

)

(358,448

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 10 August 2018 and were signed on its behalf by:

M J Hook - Director

1.	STATUTORY INFORMATION

Aztec Air Conditioning (Installations) Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The presentation currency is sterling (£).

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

This is the first year the financial statements have been prepared under FRS 102 and the date of transition is 1

December 2015. There were no restatements of prior year comparatives as a result of the transition to FRS 102.

Turnover

Turnover represents net invoiced sales of goods and services, as adjusted for work in progress, excluding value

added tax. For service contracts income is recognised when the company obtains the right to consideration.

Goodwill

Goodwill has been written off evenly over its estimated useful life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

2% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Debtors

Short term debtors are measured at transaction price less any impairment. Loans receivable are measured

initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the

effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are

measured initially at fair value, net of transaction costs, and are measured subsequently at amortised costs

using the effective interest method.

Going concern justification

The company meets its day to day working capital requirements partially through the support of its creditors. The

directors have considered the projected cash flow information for the company during the foreseeable post

year-end period. On the basis of this cash flow information and discussions with the company’s creditors, the

directors consider that the company will continue to operate within the available finance facilities. However the

margin of finance facilities over requirements is not large and, inherently there can be no certainty in relation to

this matter. On this basis, the directors consider it appropriate to prepare the financial statements on the going

concern basis. The financial statements do not include any adjustments that would result from a withdrawal of

the support of the company's creditors.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2016

and 30 November 2017

5,000

AMORTISATION

At 1 December 2016

and 30 November 2017

5,000

NET BOOK VALUE

At 30 November 2017

-

At 30 November 2016

-

6.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 December 2016

39,876

89,284

12,000

141,160

Disposals

(39,876

)

(89,284

)

(12,000

)

(141,160

)

At 30 November 2017

-

-

-

-

DEPRECIATION

At 1 December 2016

11,258

75,236

9,152

95,646

Eliminated on disposal

(11,258

)

(75,236

)

(9,152

)

(95,646

)

At 30 November 2017

-

-

-

-

NET BOOK VALUE

At 30 November 2017

-

-

-

-

At 30 November 2016

28,618

14,048

2,848

45,514

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade debtors

-

11,536

Prepayments and accrued income

-

23,177

Other debtors

40,717

41,126

40,717

75,839

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Social security and other taxes

-

5,446

Other creditors

428,533

471,847

Accruals and deferred income

-

4,300

428,533

481,593

9.	RELATED PARTY DISCLOSURES

During the year the following transactions took place with another company, Aztec Complete Services Limited,

which is also under the control of M J Hook.

Year ended

Year ended

30.11.17

30.11.16

£

£

Management charges receivable

Nil

40,000

Sales invoiced

Nil

3,868

Costs recharged

Nil

586

Direct costs payable

Nil

13,123

During the year £Nil was paid to Aztec Complete Services Limited (2016 £17,500). This was the company's

contribution to rent of £60,000 which was paid by Aztec Complete Services Limited to the Small

Self-administered Pension Scheme of which Aztec Air Conditioning (Installations) Limited is the sponsoring

employer.

At the balance sheet date there was a balance of £Nil due from Aztec Complete Services Limited (2016

£40,717 due to Aztec Complete Services Ltd). This amount is included in other debtors.

During the year the company was charged £Nil (2016 £165,000) for management charges by Aztec Complete

Services (Holdings) Limited. At the year end an amount of £Nil (2016 - £109,529) was outstanding. This amount

is included within other creditors.

10.	ULTIMATE CONTROLLING PARTY