Appliance Installations Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06246372 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

Appliance Installations Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P Beggs

C Beggs

SECRETARY:

C Beggs

REGISTERED OFFICE:

C/O Craven Dalton

Tarporley Business Centre

Nantwich Road

Tarporley

Cheshire

CW6 9UT

REGISTERED NUMBER:

06246372 (England and Wales)

ACCOUNTANTS:

Craven Dalton

Tarporley Business Centre

Nantwich Road

Tarporley

Cheshire

CW6 9UT

BANKERS:

National Westminster Bank Plc

High Street

Tarporley

Cheshire

CW6 0DZ

FIXED ASSETS

Tangible assets

2

31,346

36,695

CURRENT ASSETS

Debtors

43,736

33,954

Cash at bank

3,926

1,664

47,662

35,618

CREDITORS

Amounts falling due within one year

3

47,651

32,072

NET CURRENT ASSETS

11

3,546

TOTAL ASSETS LESS CURRENT
LIABILITIES

31,357

40,241

CREDITORS

Amounts falling due after more than one
year

3

(8,753

)

(31,694

)

PROVISIONS FOR LIABILITIES

(4,620

)

(7,339

)

NET ASSETS

17,984

1,208

CAPITAL AND RESERVES

Called up share capital

4

3

Profit and loss account

17,981

1,205

SHAREHOLDERS' FUNDS

17,984

1,208

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 24 June 2016 and were signed on its behalf by:

P Beggs - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance and term of lease

Computer equipment

-

33% on cost

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under

finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

60,235

Additions

9,702

At 31 May 2016

69,937

DEPRECIATION

At 1 June 2015

23,540

Charge for year

15,051

At 31 May 2016

38,591

NET BOOK VALUE

At 31 May 2016

31,346

At 31 May 2015

36,695

3.

CREDITORS

Creditors include an amount of £ 31,694 (31.5.15 - £ 40,451 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

3

Ordinary

£1

3

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2016 and

31 May 2015:

31.5.16

31.5.15

£

P Beggs and C Beggs

Balance outstanding at start of year

20,216

28,815

Amounts advanced

34,885

27,891

Amounts repaid

(21,040

)

(36,490

)

Balance outstanding at end of year

34,061

20,216

During the year the company paid dividends to the director, P Beggs, the sole shareholder and managing

director, in the sum of £20,000 (2015 - £35,450).