Concept (A C & R) Maintenance Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07183756 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

CONCEPT

(AIR CONDITIONING AND REFRIGERATION)

MAINTENANCE LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Sloan

D J Sloan

SECRETARY:

Mrs J Sloan

REGISTERED OFFICE:

Suite 2

Beswick House

Greenfold Way

Leigh

Lancashire

WN7 3XJ

REGISTERED NUMBER:

07183756 (England and Wales)

ACCOUNTANTS:

Hayes and Associates (Leigh) Limited

Suite 2 Beswick House

Greenfold Way

Leigh

Lancashire

WN7 3XT

FIXED ASSETS

Intangible assets

4

100

200

Tangible assets

5

43,484

54,835

43,584

55,035

CURRENT ASSETS

Stocks

4,500

4,500

Debtors

117,316

210,403

Cash at bank and in hand

85,377

51,928

207,193

266,831

CREDITORS

Amounts falling due within one year

94,552

151,228

NET CURRENT ASSETS

112,641

115,603

TOTAL ASSETS LESS CURRENT LIABILITIES

156,225

170,638

CREDITORS

Amounts falling due after more than one year

(5,381

)

(12,043

)

PROVISIONS FOR LIABILITIES

(12,968

)

(10,477

)

NET ASSETS

137,876

148,118

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

137,874

148,116

SHAREHOLDERS' FUNDS

137,876

148,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 October 2019 and were signed on its behalf by:

Mrs J Sloan - Director

D J Sloan - Director

1.	STATUTORY INFORMATION

Concept (Air Conditioning And Refrigeration) Maintenance Ltd is a private company, limited by shares ,

registered in England and Wales. The company's registered number and registered office address can be found

on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2018 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2018

and 31 March 2019

500

AMORTISATION

At 1 April 2018

300

Amortisation for year

100

At 31 March 2019

400

NET BOOK VALUE

At 31 March 2019

100

At 31 March 2018

200

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2018

106,761

Additions

13,892

Disposals

(15,470

)

At 31 March 2019

105,183

DEPRECIATION

At 1 April 2018

51,926

Charge for year

13,318

Eliminated on disposal

(3,545

)

At 31 March 2019

61,699

NET BOOK VALUE

At 31 March 2019

43,484

At 31 March 2018

54,835