REGISTERED NUMBER: 03978696 (England and Wales)

VACUUM AND ATMOSPHERE SERVICES LIMITED

ABBREVIATED UNAUDITED 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

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

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.

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 2017 and were signed on its behalf by:

Mr M M Long - 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).

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.

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

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

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