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ASHFORD REFRIGERATION SERVICES LTD - Company Information

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Draft

Ashford Refrigeration Services Ltd

Registered Number:04046768

For the year ended 28 February 2018

England and Wales

Unaudited Financial Statements

Draft

For the year ended 28 February 2018

Ashford Refrigeration Services Ltd

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Draft

As at 28 February 2018

Ashford Refrigeration Services Ltd

Statement of Financial Position

Registered Number :

04046768

2017

2018

Notes

Fixed assets

Property, plant and equipment

72,400

66,991

72,400

66,991

Current assets

Inventories

3,812

4,811

Trade and other receivables

8,045

155,336

Cash and cash equivalents

222,595

227,406

167,193

Trade and other payables: amounts falling due within one

year

(100,902)

(80,142)

66,291

147,264

Net current assets

Total assets less current liabilities

219,664

133,282

Trade and other payables: amounts falling due after more

than one year

(3,302)

216,362

Net assets

129,980

Capital and reserves

Called up share capital

100

Retained earnings

216,262

129,880

216,362

129,980

Shareholders' funds

For the year ended 28 February 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

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.

Martyn Billingham Director

These financial statements were approved and authorised for issue by the Board on 02 May 2018 and were signed by:

The notes form part of these financial statements

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Draft

For the year ended 28 February 2018

Ashford Refrigeration Services Ltd

Notes to the Financial Statements

Statutory Information

Ashford Refrigeration Services Ltd is a private limited company, limited by shares, domiciled in England and Wales,

registration number 04046768.

Registered address:

Suite 1 & 2, Business Centre

Hagley Golf & Country Club

Wassell Grove Lane

Hagley

DY9 9JW

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

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Draft

For the year ended 28 February 2018

Ashford Refrigeration Services Ltd

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Motor vehicles

Plant and

machinery

Cost or

valuation

At 01 March 2017

101,534

28,643

23,124

39,707

10,060

13,454

Additions

At 28 February 2018

53,161

23,124

28,643

114,988

10,060

Provision for depreciation and impairment

At 01 March 2017

34,543

7,265

12,494

10,596

4,188

Charge for year

8,045

2,138

1,063

4,256

588

At 28 February 2018

42,588

9,403

13,557

14,852

4,776

At 28 February 2018

Net book value

5,284

38,309

9,567

19,240

72,400

At 28 February 2017

5,872

29,111

10,630

21,378

66,991

3. Inventories

2017

2018

Stocks

4,811

3,812

4. Trade and other receivables

2017

2018

Trade debtors

8,045

5. Trade and other payables: amounts falling due within one year

2017

2018

Trade creditors

29,431

31,230

Taxation and social security

27,109

44,745

Other creditors

23,602

24,927

80,142

100,902

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Draft

For the year ended 28 February 2018

Ashford Refrigeration Services Ltd

Notes to the Financial Statements Continued

6. Trade and other payables: amounts falling due after more than one year

2017

2018

Other creditors

3,302

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