Registration number:
for the Year Ended
Air Con Environmental Ltd
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Air Con Environmental Ltd
Company Information
Directors |
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Registered office |
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Accountants |
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Air Con Environmental Ltd
Directors' Report for the Year Ended 31 March 2016
The directors present their report and the unaudited financial statements for the year ended 31 March 2016.
Directors of the company
The directors who held office during the year were as follows:
Small company provisions
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the Board on
.........................................
Mr D J Beilby
Director
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Air Con Environmental Ltd
for the Year Ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Air Con Environmental Ltd for the year ended 31 March 2016 set out on pages 4 to 12 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 at icaew.com/membershandbook .
This report is made solely to the Board of Directors of Air Con Environmental Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Air Con Environmental Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Air Con Environmental Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Air Con Environmental Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Air Con Environmental Ltd. You consider that Air Con Environmental Ltd 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 accounts of Air Con Environmental Ltd. 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 accounts.
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Pillow May Ltd
Chartered Accountants
The Coach House
Bremhill Grove Farm
East Tytherton
Chippenham
Wiltshire
SN15 4LX
6 November 2016
Air Con Environmental Ltd
Profit and Loss Account for the Year Ended 31 March 2016
Note |
2016
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2015
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Turnover |
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Cost of sales |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating profit/(loss) |
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( |
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Other interest receivable and similar income |
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Interest payable and similar charges |
- |
( |
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Profit/(loss) on ordinary activities before taxation |
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( |
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Tax on profit/(loss) on ordinary activities |
( |
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Profit/(loss) for the financial year |
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( |
4
Air Con Environmental Ltd
(Registration number: 07072281)
Balance Sheet at 31 March 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
- |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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5
Air Con Environmental Ltd
(Registration number: 07072281)
Balance Sheet at 31 March 2016
......... continued
Approved and authorised for issue by the Board on
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Mr F S McClure
Director
.........................................
Mr D J Beilby
Director
6
Air Con Environmental Ltd
Notes to the Financial Statements for the Year Ended 31 March 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
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Work in progress
Deferred tax
Hire purchase and leasing
Financial instruments
Air Con Environmental Ltd
Notes to the Financial Statements for the Year Ended 31 March 2016
......... continued
Operating profit/(loss) |
Operating profit/(loss) is stated after charging:
2016
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2015
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Foreign currency losses |
- |
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Depreciation of tangible fixed assets |
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Directors' remuneration |
The directors' remuneration for the year was as follows:
2016
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2015
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Remuneration |
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Taxation |
Tax on profit/(loss) on ordinary activities
2016
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2015
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Current tax |
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Corporation tax charge/(credit) |
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( |
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Deferred tax |
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Origination and reversal of timing differences |
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( |
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Total tax on profit/(loss) on ordinary activities |
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( |
Air Con Environmental Ltd
Notes to the Financial Statements for the Year Ended 31 March 2016
......... continued
Tangible fixed assets |
Office equipment
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Total
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Cost or valuation |
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At 1 April 2015 |
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Disposals |
( |
( |
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At 31 March 2016 |
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Depreciation |
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At 1 April 2015 |
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Charge for the year |
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Eliminated on disposals |
( |
( |
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At 31 March 2016 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
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Debtors |
2016
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2015
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Trade debtors |
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Other debtors |
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Air Con Environmental Ltd
Notes to the Financial Statements for the Year Ended 31 March 2016
......... continued
Creditors: Amounts falling due within one year |
2016
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2015
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Trade creditors |
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Corporation tax |
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- |
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Other taxes and social security |
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Other creditors |
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Provisions |
Deferred tax
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Total
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At 1 April 2015 |
- |
- |
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Charged to the profit and loss account |
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At 31 March 2016 |
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Analysis of deferred tax |
2016
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2015
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Difference between accumulated depreciation and amortisation and capital allowances |
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- |
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Air Con Environmental Ltd
Notes to the Financial Statements for the Year Ended 31 March 2016
......... continued
Dividends |
2016
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2015
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Dividends paid |
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Current year interim dividend paid |
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Reserves |
Profit and loss account
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Total
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At 1 April 2015 |
13,269 |
13,269 |
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Profit for the year |
52,367 |
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Dividends |
(6,000) |
( |
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At 31 March 2016 |
59,636 |
59,636 |
Related party transactions |
Other related party transactions |
During the year the company made the following related party transactions: |
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Air Con Environmental Ltd
Notes to the Financial Statements for the Year Ended 31 March 2016
......... continued
Control |
The company is controlled by the directors who own 100% of the called up share capital.