TECH_SERVICES_(HVAC)_LTD - Accounts

TECH SERVICES (HVAC) LTD - Company Information

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Company Registration No. 08912401 (England and Wales)

TECH SERVICES (HVAC) LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2016

3 Acorn Business Centre

Northarbour Road

Cosham

Portsmouth

United Kingdom

PO6 3TH

TECH SERVICES (HVAC) LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

TECH SERVICES (HVAC) LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

3,334

6,667

Tangible assets

3,268

2,727

6,602

9,394

Current assets

Stocks

3,400

Debtors

52,945

19,159

Cash at bank and in hand

52,744

18,536

105,689

41,095

Creditors: amounts falling due within one year

(92,784)

(39,880)

Net current assets

12,905

1,215

Total assets less current liabilities

19,507

10,609

Provisions for liabilities

(149)

19,358

10,609

Capital and reserves

Called up share capital

100

Profit and loss account

19,258

10,509

Shareholders' funds

19,358

10,609

TECH SERVICES (HVAC) LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

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.

Directors' 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 directors acknowledge their 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 23 December 2016

Mr. D Lewis

Director

Company Registration No. 08912401

TECH SERVICES (HVAC) LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Basis of accounting

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

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

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Goodwill

33% Straight line

1.5

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:

Equipment

25% Straight line

1.6

Stock

Work in progress is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.7

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.

TECH SERVICES (HVAC) LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2015

10,000

3,740

13,740

Additions

1,280

At 31 March 2016

10,000

5,020

15,020

Depreciation

At 1 April 2015

3,333

1,013

4,346

Charge for the year

3,333

739

4,072

At 31 March 2016

6,666

1,752

8,418

Net book value

At 31 March 2016

3,334

3,268

6,602

At 31 March 2015

6,667

2,727

9,394

Share capital

2016

2015

Allotted, called up and fully paid

80 Ordinary A shares of £1 each

20 Ordinary B shares of £1 each

100