Validair Projects Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04729995 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

VALIDAIR PROJECTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S P Wake

S C Ward

SECRETARY:

Mrs C Ward

REGISTERED OFFICE:

Unit 3

Invicta Business Park

Wrotham

Kent

TN15 7RJ

REGISTERED NUMBER:

04729995 (England and Wales)

FIXED ASSETS

Tangible assets

2

8,410

16,247

Investments

3

1

1

8,411

16,248

CURRENT ASSETS

Debtors

5,411

32,677

Cash at bank

30,959

49,951

36,370

82,628

CREDITORS

Amounts falling due within one year

14,554

12,487

NET CURRENT ASSETS

21,816

70,141

TOTAL ASSETS LESS CURRENT LIABILITIES

30,227

86,389

CREDITORS

Amounts falling due after more than one year

10,961

16,600

NET ASSETS

19,266

69,789

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

19,264

69,787

SHAREHOLDERS' FUNDS

19,266

69,789

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 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 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 Board of Directors on 29 September 2015 and were signed on its behalf by:

S C Ward - 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, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

55,397

Additions

432

At 31 December 2014

55,829

DEPRECIATION

At 1 January 2014

39,150

Charge for year

8,269

At 31 December 2014

47,419

NET BOOK VALUE

At 31 December 2014

8,410

At 31 December 2013

16,247

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

and 31 December 2014

1

NET BOOK VALUE

At 31 December 2014

1

At 31 December 2013

1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Validair Monitoring Solutions Limited

Nature of business: installation and servicing of monitoring

%

Class of shares:

holding

Ordinary

100.00

31/3/14

31/3/13

£

£

Aggregate capital and reserves

109,120

92,141

Profit for the year

22,980

61,332

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

1

2

2