Company Registration No. NI064434 (Northern Ireland)
Airtech Distribution Ltd
Unaudited accounts
for the year ended 31 March 2017
Airtech Distribution Ltd
Unaudited accounts
Contents
Airtech Distribution Ltd
Company Information
for the year ended 31 March 2017
Company Number
NI064434 (Northern Ireland)
Registered Office
6 Ballyrogan Road
Newtownards
BT23 4ST
Accountants
Clear Accounting NI
9 Pinehill Green
Bangor
BT19 6SQ
Airtech Distribution Ltd
Statement of financial position
as at 31 March 2017
Cash at bank and in hand
48,106
39,727
Creditors: amounts falling due within one year
(34,700)
(57,796)
Net current assets
136,966
106,247
Net assets
136,966
107,747
Called up share capital
1
1
Profit and loss account
136,965
107,746
Shareholders' funds
136,966
107,747
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 11 August 0201.
Robin Adair
Director
Company Registration No. NI064434
Airtech Distribution Ltd
Notes to the Accounts
for the year ended 31 March 2017
Airtech Distribution Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI064434. The registered office and principal place of business is 6 Ballyrogan Road, Newtownards, BT23 4ST.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Airtech Distribution Ltd
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Plant & machinery
Trade debtors
75,647
71,370
7
Creditors: amounts falling due within one year
2017
2016
Trade creditors
18,796
21,597
Corporation tax
4,700
5,801
Other taxes and social security costs
2,607
1,798
Proposed dividends
-
28,600
Loans from directors
8,597
-
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 0 (2016: 0).
