AM Refrigeration (Commercial) Ltd
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For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05967215
AM Refrigeration (Commercial) Ltd
For the year ended 31 March 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
AM Refrigeration (Commercial) Ltd
Accountants' Report
For the year ended 31 March 2015
As described on the balance sheet you are responsible for the preparation of the financial statements for the
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year ended
31
March
2015
and you consider that the company is exempt from an audit under the
|
Companies Act
2006
.
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In accordance with your instructions
,
we have compiled these unaudited financial statements in order to
|
assist you to fulfil your statutory responsibilities
,
from the accounting records and information and
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explanations supplied to us
.
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Account Solutions (York) Ltd
Unit 2 Tower House
Askham Fields Lane
Askham Bryan
York
YO23 3NU
30 June 2015
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Abbreviated Balance Sheet
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AM Refrigeration (Commercial) Ltd
31/3/2015
31/3/2014
2
12,081
(878)
12,081
(878)
2,609
2,540
330
1,645
2,870
4,254
Creditors
:
amounts falling due within one year
|
7,701
(918)
11,955
1,952
Net current assets
Total assets less current liabilities
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14,033
11,077
Creditors
:
amounts falling due after more than one year
|
(11,362)
(16,859)
(2,826)
Net liabilities
(285)
(2,826)
(285)
(2,826)
(285)
Shareholders funds
For the year ended 31 March 2015 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
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Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 30 June 2015
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Michael James Bush Director
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Signed on behalf of the board of directors
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2 of 4
Notes to the Abbreviated Financial Statements
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AM Refrigeration (Commercial) Ltd
For the year ended 31 March 2015
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
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The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Proposed dividends are only included as liabilities in the financial statements when their payment has been
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approved by the shareholders prior to the balance sheet date
.
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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:
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Computer Equipment
3 of 4
Notes to the Abbreviated Financial Statements
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AM Refrigeration (Commercial) Ltd
For the year ended 31 March 2015
Motor Vehicles
Assets on finance lease and hire purchase
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Assets held under finance lease or hire purchase contracts i
.
e
.
those contracts where substantially all the risks
|
and rewards of ownership have passed to the company
,
are included in the appropriate category of tangible
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fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives
.
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Future obligations under such contracts are included in creditors net of the finance charge allocated to future
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periods
.
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1,229
14,155
15,384
650
2,653
Charge for year
3,303
12,081
579
100
Ordinary Share Class
1
shares of £
1
.
00
each
|
Allotted called up and fully paid
|
31/3/2015
31/3/2014
100
Ordinary Share Class
1
shares of £
1
.
00
each
|
100
100
100
100
4 of 4