DAQS Air Conditioning Systems Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05918672 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 August 2016

for

DAQS Air Conditioning Systems Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S C Boley

Mrs S J Redwood

REGISTERED OFFICE:

65 St Mary Street

Chippenham

Wiltshire

SN15 3JF

REGISTERED NUMBER:

05918672 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

65 St Mary Street

Chippenham

Wiltshire

SN15 3JF

FIXED ASSETS

Tangible assets

2

15,675

25,178

CURRENT ASSETS

Stocks

1,800

6,000

Debtors

769,829

592,829

Cash at bank and in hand

52,848

529,251

824,477

1,128,080

CREDITORS

Amounts falling due within one year

447,601

705,329

NET CURRENT ASSETS

376,876

422,751

TOTAL ASSETS LESS CURRENT
LIABILITIES

392,551

447,929

PROVISIONS FOR LIABILITIES

150

1,761

NET ASSETS

392,401

446,168

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

391,401

445,168

SHAREHOLDERS' FUNDS

392,401

446,168

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 2 May 2017 and were signed on its
behalf by:

S C Boley - 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.

Fixtures, fittings & equipment

-

25% on cost

Motor vehicles

-

25% on cost

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.

Hire purchase and leasing commitments

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

over the period of the lease.

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 September 2015

54,247

Additions

7,269

Disposals

(8,902

)

At 31 August 2016

52,614

DEPRECIATION

At 1 September 2015

29,069

Charge for year

12,158

Eliminated on disposal

(4,288

)

At 31 August 2016

36,939

NET BOOK VALUE

At 31 August 2016

15,675

At 31 August 2015

25,178

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

1,000

Ordinary A

£1

1,000