Air Conditioning Design Limited - Limited company - abbreviated - 11.6
Air Conditioning Design Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 December 2014 |
| for |
| Air Conditioning Design Limited |
| Air Conditioning Design Limited (Registered number: 02331935) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 December 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Chartered Accountants' Report | 6 |
| Air Conditioning Design Limited |
| Company Information |
| for the Year Ended 31 December 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Air Conditioning Design Limited (Registered number: 02331935) |
| Abbreviated Balance Sheet |
| 31 December 2014 |
| 31.12.14 | 31.12.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Air Conditioning Design Limited (Registered number: 02331935) |
| Abbreviated Balance Sheet - continued |
| 31 December 2014 |
| The financial statements were approved by the Board of Directors on by: |
| Air Conditioning Design Limited (Registered number: 02331935) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 December 2014 |
| 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). |
| Exemption from preparing a cash flow statement |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
| small company. |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks and work in progress 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 expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences which have originated but not reversed at the |
| balance sheet date. Timing differences are differences between taxable profits and the results as stated in the |
| financial statements which arise from the inclusion of gains and losses in tax assessments in periods different |
| from those in which they are recognised in the financial statements. |
| Deferred tax is not recognised when fixed assets are revalued unless by the balance sheet date there is a binding |
| agreement to sell the revalued asset and the resulting gain or loss has been recognised in the financial statements. |
| Neither is deferred tax recognised when fixed assets are sold and it is more likely than not that the taxable gain |
| will be rolled over, being charged tax only if and when the replacement assets are sold. |
| Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing |
| differences are expected to reverse, based on tax rates and laws which have been enacted or substantively |
| enacted by the balance sheet date. Deferred tax is measured on a non - discounted basis. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| 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. |
| Air Conditioning Design Limited (Registered number: 02331935) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 December 2014 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2014 |
| Additions |
| Disposals | ( |
) |
| At 31 December 2014 |
| DEPRECIATION |
| At 1 January 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 December 2014 |
| NET BOOK VALUE |
| At 31 December 2014 |
| At 31 December 2013 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| Included in the above are secured creditors due within one year of £45,046 (2013:£36,634) and after one year of |
| £19,061 (2013:£7,255). |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.14 | 31.12.13 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| During the year the company paid dividends totalling £21,840 (2013: £8,000) to the director, Mr D Haworth. |
| During the year the company paid dividends totalling £21,840 (2013: £8,000) to the director, Mr C Kerfoot. |
| During the year the company paid dividends totalling £20,160 (2013: £7,385) to Mrs A Haworth, the wife of Mr |
| D Haworth. During the year the company paid dividends totalling £20,160 (2013: £7,385) to Mrs C Kerfoot, the |
| wife of Mr C Kerfoot. |
| During the year the company had received loans from the directors. At 31 December 2014, the company owed |
| Mr D Haworth £573 (2013: £2,511). At 31 December 2014, the company owed Mr C Kerfoot £4,469 (2013: |
| £13,555). |
| 6. | ULTIMATE CONTROLLING PARTY |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Air Conditioning Design Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Air Conditioning Design Limited for the year ended 31 December 2014 which comprise the |
| Profit and Loss Account, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Air Conditioning Design Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Air Conditioning Design Limited and state those matters that we have agreed to state to the Board of Directors of Air Conditioning Design Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Air Conditioning Design Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Air Conditioning Design Limited. You consider that Air Conditioning Design 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 financial statements of Air Conditioning Design |
| 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 financial statements. |
| Date: ............................................. |