Company Registration No. 04781583 (England and Wales)
B&N REFRIGERATION AND AIRCONDITIONING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
B&N REFRIGERATION AND AIRCONDITIONING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
B&N REFRIGERATION AND AIRCONDITIONING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
306
193
Investments
2
99
99
405
292
Current assets
Stocks
2,890
1,500
Debtors
8,036
17,375
Cash at bank and in hand
157,673
157,524
168,599
176,399
Creditors: amounts falling due within one year
(70,226)
(82,073)
Net current assets
98,373
94,326
Total assets less current liabilities
98,778
94,618
Provisions for liabilities
(61)
(39)
98,717
94,579
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
98,715
94,577
Shareholders' funds
98,717
94,579
B&N REFRIGERATION AND AIRCONDITIONING LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2016
30 November 2016
- 2 -
For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 14 August 2017
Mr P A Morley
Director
Company Registration No. 04781583
B&N REFRIGERATION AND AIRCONDITIONING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
15% on cost
Motor vehicles
25% on cost
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
Cost of raw materials is determined on the first in first out basis. In the case of work in progress and finished goods, cost includes all direct expenditure and production overheads based on the normal level of activity. Net realisable value is the price at which the stock can be released in the normal course of business, less further costs to completion of sale.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
B&N REFRIGERATION AND AIRCONDITIONING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 December 2015
13,423
99
13,522
Additions
195
-
195
At 30 November 2016
13,618
99
13,717
Depreciation
At 1 December 2015
13,230
-
13,230
Charge for the year
82
-
82
At 30 November 2016
13,312
-
13,312
Net book value
At 30 November 2016
306
99
405
At 30 November 2015
193
99
292
The Company's investment is in the 99% owned subsidiary Pinner Air Conditioning Limited, a company incorporated in England & Wales that has not traded since formation.
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2