REFRIGERATION_TECHNOLOGY_ - Accounts

REFRIGERATION TECHNOLOGY LIMITED - Company Information

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Company Registration No. 08789262 (England and Wales)

REFRIGERATION TECHNOLOGY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

REFRIGERATION TECHNOLOGY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

REFRIGERATION TECHNOLOGY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,218

1,847

Current assets

Debtors

684

23,688

Cash at bank and in hand

66,004

83,751

66,688

107,439

Creditors: amounts falling due within one year

(2,735)

(41,009)

Net current assets

63,953

66,430

Total assets less current liabilities

65,171

68,277

Provisions for liabilities

(78)

65,171

68,199

Capital and reserves

Called up share capital

100

Profit and loss account

65,071

68,099

Shareholders' funds

65,171

68,199

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 9 June 2016

Mr P A Arrowsmith

Director

Company Registration No. 08789262

REFRIGERATION TECHNOLOGY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

20% reducing balance

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 April 2015

2,529

Disposals

(445)

At 31 March 2016

2,084

Depreciation

At 1 April 2015

682

On disposals

(120)

Charge for the period

304

At 31 March 2016

866

Net book value

At 31 March 2016

1,218

At 31 March 2015

1,847

REFRIGERATION TECHNOLOGY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

At the year end Mr P A Arrowsmith was owed £2,285 (2015 £10,135) via his director's current account.