Cool & Heat Ltd - Abbreviated accounts 16.3

COOL & HEAT LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M E J Peacock

Mrs D Peacock

M Walsh

REGISTERED OFFICE:

Bradley Junction Industrial Estate

Unit 1

Huddersfield

West Yorkshire

HD2 1UR

REGISTERED NUMBER:

04665531 (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

6,977

8,424

CURRENT ASSETS

Stocks

6,831

7,002

Debtors

516,338

570,348

Cash at bank and in hand

36,648

17,703

559,817

595,053

CREDITORS

Amounts falling due within one year

319,290

435,192

NET CURRENT ASSETS

240,527

159,861

TOTAL ASSETS LESS CURRENT LIABILITIES

247,504

168,285

CAPITAL AND RESERVES

Called up share capital

3

2,000

Profit and loss account

245,504

166,285

SHAREHOLDERS' FUNDS

247,504

168,285

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 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 13 December 2016 and were signed on its behalf
by:

M E J Peacock - 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

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

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 2015

and 31 March 2016

28,540

DEPRECIATION

At 1 April 2015

20,116

Charge for year

1,447

At 31 March 2016

21,563

NET BOOK VALUE

At 31 March 2016

6,977

At 31 March 2015

8,424

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2,000

Ordinary

£1.00

2,000

4.	ULTIMATE PARENT COMPANY

Cool & Heat (Holdings) Limited is regarded by the directors as being the company's ultimate parent company.