Europe Air Conditioning Limited - Limited company - abbreviated - 11.9

EUROPE AIR CONDITIONING LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

I P Dobson

L Demurtas

Mrs G Demurtas

Mrs N Dobson

SECRETARY:

I P Dobson

REGISTERED OFFICE:

c/o

Wilkinson and Partners

Fairfax House, 6A Mill Field Road,

Cottingley Business Park, Cottingley

Bingley

West Yorkshire

BD16 1PY

REGISTERED NUMBER:

05733009 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Tangible assets

2

48,654

33,173

CURRENT ASSETS

Debtors

429,584

337,441

Cash at bank and in hand

277,304

167,826

706,888

505,267

CREDITORS

Amounts falling due within one year

528,334

319,037

NET CURRENT ASSETS

178,554

186,230

TOTAL ASSETS LESS CURRENT LIABILITIES

227,208

219,403

CREDITORS

Amounts falling due after more than one year

(10,767

)

(7,494

)

PROVISIONS FOR LIABILITIES

(8,380

)

(6,635

)

NET ASSETS

208,061

205,274

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

207,061

204,274

SHAREHOLDERS' FUNDS

208,061

205,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 22 December 2015 and were signed on its behalf by:

I P Dobson - Director

L Demurtas - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

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 April 2014

89,548

Additions

31,669

At 31 March 2015

121,217

DEPRECIATION

At 1 April 2014

56,375

Charge for year

16,188

At 31 March 2015

72,563

NET BOOK VALUE

At 31 March 2015

48,654

At 31 March 2014

33,173

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

1,000

Ordinary shares

£1

1,000

1,000