V.G.Refrigeration & Aircon Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08938154 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

V.G.REFRIGERATION & AIRCON LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr W Vignakumar

SECRETARY:

Mr W Vignakumar

REGISTERED OFFICE:

25 Brinkworth Road

Ilford

Essex

IG5 0JS

REGISTERED NUMBER:

08938154 (England and Wales)

ACCOUNTANTS:

Dana & co

Accountants

46 Torquay Gardens

Ilford

Essex

IG4 5PT

FIXED ASSETS

Tangible assets

3

1,260

1,680

CURRENT ASSETS

Cash at bank and in hand

2,008

610

CREDITORS

Amounts falling due within one year

4

425

1,825

NET CURRENT ASSETS/(LIABILITIES)

1,583

(1,215

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,843

465

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

6

2,743

365

SHAREHOLDERS' FUNDS

2,843

465

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 January 2018 and were signed by:

Mr W Vignakumar - Director

1.	STATUTORY INFORMATION

V.G.Refrigeration & Aircon Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of

the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2016

and 30 April 2017

1,500

1,000

2,500

DEPRECIATION

At 1 May 2016

492

328

820

Charge for year

252

168

420

At 30 April 2017

744

496

1,240

NET BOOK VALUE

At 30 April 2017

756

504

1,260

At 30 April 2016

1,008

672

1,680

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Directors' current accounts

25

1,425

Accrued expenses

400

400

425

1,825

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.17

30.4.16

value:

£

£

100

Ordinary

£1

100

100

6.

RESERVES

Retained

earnings

£

At 1 May 2016

365

Profit for the year

2,378

At 30 April 2017

2,743

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr W Vignakumar.