For the year ended 31 January 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07138556
Refrigerant Gases Ltd
For the year ended 31 January 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Refrigerant Gases Ltd
Accountants' Report
For the year ended 31 January 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended
31
|
January
2016
and you consider that the company is exempt from an audit under the Companies Act
2006
.
|
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 explanations supplied to us
.
|
Bridgeman Accountants Ltd
23 Bridgeman Terrace
Wigan
WN1 1SX
1 of 4
Notes to the Abbreviated Financial Statements
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Refrigerant Gases Ltd
For the year ended 31 January 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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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.
|
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
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Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Proposed dividends are only included as liabilities in the financial statements when their payment has been 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:
|
Plant and Machinery
Motor Vehicles
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.
|
3 of 4
Notes to the Abbreviated Financial Statements
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Refrigerant Gases Ltd
For the year ended 31 January 2016
136,988
(136,988)
-
69,711
(83,166)
13,455
Charge for year
-
-
67,277
Allotted called up and fully paid
|
2016
2015
2
Ordinary shares of £
1
.
00
each
|
2
2
2
2
4 of 4