A C Ductwork Services Limited - Period Ending 2014-08-31

Registration number: 7725964

A C Ductwork Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2014
 

Select Accountancy
Chartered Certified Accountants
23 Exeter Road
Thakrar House
113 Woolwich High Street
Welling
Kent
DA16 3JZ

A C Ductwork Services Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
A C Ductwork Services Limited
for the Year Ended 31 August 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A C Ductwork Services Limited for the year ended 31 August 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of A C Ductwork Services Limited , 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 A C Ductwork Services Limited . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A C Ductwork Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that A C Ductwork Services Limited 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 A C Ductwork Services Limited. You consider that A C Ductwork Services Limited 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 A C Ductwork Services Limited. 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.

......................................

Select Accountancy
Chartered Certified Accountants
23 Exeter Road
Thakrar House
113 Woolwich High Street
Welling
Kent
DA16 3JZ

29 May 2015

Page 1

A C Ductwork Services Limited
(Registration number: 7725964)
Abbreviated Balance Sheet at 31 August 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					3,258			4,345
Current assets
Debtors					4,879			10,200
Cash at bank and in hand					2,927			802
					7,806			11,002
Creditors: Amounts falling due within one year					(11,487)			(9,253)
Net current (liabilities)/assets					(3,681)			1,749
Net (liabilities)/assets					(423)			6,094
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					(424)			6,093
Shareholders' (deficit)/funds					(423)			6,094

For the year ending 31 August 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 29 May 2015

.........................................
Mr Aiden Carr
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

A C Ductwork Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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
Motor Van	25% Reducing balance basis
Tools and equipment	25% Reducing balance basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2013		7,663			7,663
At 31 August 2014		7,663			7,663
Depreciation
At 1 September 2013		3,318			3,318
Charge for the year		1,087			1,087
At 31 August 2014		4,405			4,405
Net book value
At 31 August 2014		3,258			3,258
At 31 August 2013		4,345			4,345

Page 3

A C Ductwork Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary Share of £1 each		1			1			1			1

Page 4