CLIME-IT BROTHERS LTD |
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Report to the director on the preparation of the unaudited abbreviated accounts of CLIME-IT BROTHERS LTD for the year ended 31 August 2015 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of CLIME-IT BROTHERS LTD for the year ended 31 August 2015 which comprise of 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/ |
This report is made solely to the Board of Directors of CLIME-IT BROTHERS LTD, as a body, in accordance with the terms of our engagement letter dated 3 August 2015. Our work has been undertaken solely to prepare for your approval the accounts of CLIME-IT BROTHERS LTD and state those matters that we have agreed to state to the Board of Directors of CLIME-IT BROTHERS LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CLIME-IT BROTHERS LTD and its Board of Directors as a body for our work or for this report. |
It is your duty to ensure that CLIME-IT BROTHERS 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 loss of CLIME-IT BROTHERS LTD. You consider that CLIME-IT BROTHERS 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 CLIME-IT BROTHERS 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 abbreviated accounts. |
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VinSam Ltd |
Chartered Certified Accountants |
Suite 11, West Africa House |
Ashbourne Road, Ealing |
London W5 3QP |
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10 May 2016 |
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CLIME-IT BROTHERS LTD
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Registered number: |
08367203
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Abbreviated Balance Sheet |
as at 31 August 2015
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Notes |
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2015 |
|
|
2014 |
£ |
£ |
Current assets |
Stocks |
|
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5,169 |
|
|
3,713 |
Debtors |
|
|
250 |
|
|
- |
Cash at bank and in hand |
|
|
347 |
|
|
1,697 |
|
|
|
5,766 |
|
|
5,410 |
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Creditors: amounts falling due within one year |
|
|
(11,964) |
|
|
(2,938) |
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Net current (liabilities)/assets |
|
|
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(6,198) |
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2,472 |
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Total assets less current liabilities |
|
|
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(6,198) |
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2,472 |
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Creditors: amounts falling due after more than one year |
|
|
|
(1,300) |
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(2,500) |
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|
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Net liabilities |
|
|
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(7,498) |
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(28) |
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|
|
|
|
|
|
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Capital and reserves |
Called up share capital |
2 |
|
|
1 |
|
|
1 |
Profit and loss account |
|
|
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(7,499) |
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(29) |
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Shareholder's funds |
|
|
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(7,498) |
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(28) |
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|
|
|
|
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The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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Mr Mubarak Mohamud |
Director |
Approved by the board on 10 May 2016
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CLIME-IT BROTHERS LTD
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Notes to the Abbreviated Accounts |
for the year ended 31 August 2015
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been 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 |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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Going concern |
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The financial statements are prepared on going concern basis that the entity will continue to operate in the foreseeable future without the need or intention on the part of management to liquidate the entity or to significantly curtail its operational activities. |
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Stocks |
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Stock is valued at the lower of cost and net realisable value. |
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2 |
Share capital |
Nominal |
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2015 |
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2015 |
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2014 |
value |
Number |
£ |
£ |
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Allotted, called up and fully paid: |
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Ordinary shares
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£1 each |
|
1 |
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1 |
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1 |
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