(IPC) Industrial Power Cooling Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03792602 (England and Wales)

(IPC) INDUSTRIAL POWER COOLING LIMITED

Abbreviated Accounts

for the Year Ended 31 December 2014

Page

Abbreviated Balance Sheet

1

to

2

Notes to the Abbreviated Accounts

3

to

4

FIXED ASSETS

Tangible assets

2

5,132

6,918

CURRENT ASSETS

Debtors

53,069

29,414

Cash at bank

50,728

124,532

103,797

153,946

CREDITORS

Amounts falling due within one year

51,123

56,566

NET CURRENT ASSETS

52,674

97,380

TOTAL ASSETS LESS CURRENT LIABILITIES

57,806

104,298

CAPITAL AND RESERVES

Share capital

3

200

200

Profit and loss account

57,606

104,098

SHAREHOLDERS' FUNDS

57,806

104,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 11 June 2015 and were signed by:

N A Hart - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Leashold Property Improvements

-

20% on cost

Fixtures and fittings

-

25% on reducing balance

Deferred tax

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

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

16,123

Additions

512

At 31 December 2014

16,635

DEPRECIATION

At 1 January 2014

9,205

Charge for year

2,298

At 31 December 2014

11,503

NET BOOK VALUE

At 31 December 2014

5,132

At 31 December 2013

6,918

3.	SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary "B"

£1

100

100

55

Ordinary "A"

£1

55

55

35

Ordinary "C"

£1

35

35

5

Ordinary "D"

£1

5

5

5

Ordinary "E"

£1

5

5

200

200