HEATING_&_COOLING_SOLUTIO - Accounts

HEATING & COOLING SOLUTIONS LIMITED - Company Information

Print Friendly Version

Company Registration No. 04502447 (England and Wales)

HEATING & COOLING SOLUTIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2014

HEATING & COOLING SOLUTIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

HEATING & COOLING SOLUTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2014

2014

2013

Notes

Fixed assets

Tangible assets

2,526

6,615

Current assets

Stocks

750

28,688

Debtors

19,362

(1,458)

Cash at bank and in hand

70,413

75,091

90,525

102,321

Creditors: amounts falling due within one year

(73,225)

(94,726)

Net current assets

17,300

7,595

Total assets less current liabilities

19,826

14,210

Capital and reserves

Called up share capital

Profit and loss account

19,824

14,208

Shareholders' funds

19,826

14,210

HEATING & COOLING SOLUTIONS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 JUNE 2014

For the financial year ended 30 June 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his 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 4 November 2014

Mr A Hounsham

Director

Company Registration No. 04502447

HEATING & COOLING SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

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:

Plant and machinery

15% reducing balance

Computer equipment

33% straight line

Fixtures, fittings & equipment

10% reducing balance

Motor vehicles

25% reducing balance

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they become payable.

HEATING & COOLING SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2014

Fixed assets

Tangible assets

Cost

At 1 July 2013

28,982

Additions

167

At 30 June 2014

29,149

Depreciation

At 1 July 2013

22,367

Charge for the year

4,256

At 30 June 2014

26,623

Net book value

At 30 June 2014

2,526

At 30 June 2013

6,615

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary shares of £1 each