Flare Heating and Cooling Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05012800

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Flare Heating and Cooling Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

T J Greenwood

SECRETARY:

Mrs J A Greenwood

REGISTERED OFFICE:

14 Peverells Wood Close

Chandlers Ford

Hampshire

SO53 2FY

REGISTERED NUMBER:

05012800

ACCOUNTANTS:

Accord Accountants

132 Winchester Road

Chandler's Ford

Eastleigh

Hampshire

SO53 2DS

FIXED ASSETS

Tangible assets

2

1,775

1,647

CURRENT ASSETS

Stocks

500

500

Debtors

13,888

10,283

Cash at bank

1,413

1,302

15,801

12,085

CREDITORS

Amounts falling due within one year

7,483

5,028

NET CURRENT ASSETS

8,318

7,057

TOTAL ASSETS LESS CURRENT LIABILITIES

10,093

8,704

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

10,091

8,702

SHAREHOLDERS' FUNDS

10,093

8,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 November 2016 and were signed by:

T J Greenwood - 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 January 2015).

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.

Plant and machinery etc

-

33% on reducing balance and 15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

4,728

Additions

700

At 31 March 2016

5,428

DEPRECIATION

At 1 April 2015

3,081

Charge for year

572

At 31 March 2016

3,653

NET BOOK VALUE

At 31 March 2016

1,775

At 31 March 2015

1,647

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

2

ORDINARY

1

2

2