Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

WARMCARE INSULATION LTD - Company Information

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A1 WARMCARE INSULATION LTD

Company Registration Number:
02709086 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

A1 WARMCARE INSULATION LTD

Abbreviated Balance sheet

As at 31 March 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 407,720 285,685
Total fixed assets: 407,720 285,685
Current assets
Stocks: 3,700 3,700
Cash at bank and in hand: 138,566 264,073
Total current assets: 142,266 267,773
Creditors: amounts falling due within one year: ( 494,270 ) ( 461,114 )
Net current assets (liabilities): ( 352,004 ) ( 193,341 )
Total assets less current liabilities: 55,716 92,344
Total net assets (liabilities): 55,716 92,344

The notes form part of these financial statements

A1 WARMCARE INSULATION LTD

Balance sheet continued

As at 31 March 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 3 100 100
Profit and loss account: 55,616 92,244
Shareholders funds: 55,716 92,344

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 30 November 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Alex Clements
Status: Director

Name: Oliver Clements
Status: Director

The notes form part of these financial statements

A1 WARMCARE INSULATION LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

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

    Turnover policy

    The turnover shown in the profit and loss account represents amounts invoiced during the year exclusive of Value Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost of an asset, less it`s estimated residual value over the useful economic life of that asset as follows: Plant & Machinery 20% straight line. Fixtures & Fittings 20% straight line. Motor Vehicles 20% straight line.

    Intangible fixed assets amortisation policy

    Not Applicable

    Valuation information and policy

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

    Other accounting policies

    Work in progress is valued on the basis of direct cost plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

A1 WARMCARE INSULATION LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 2. Tangible assets

    Total
    Cost £
    01 April 2015: 417,438
    Additions: 138,950
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2016: 556,388
    Depreciation
    01 April 2015: 131,753
    Charge for year: 16,915
    On disposals: 0
    Other adjustments: 0
    31 March 2016: 148,668
    Net book value
    31 March 2016: 407,720
    31 March 2015: 285,685

A1 WARMCARE INSULATION LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100