CLIMATEC SYSTEMS LIMITED

CLIMATEC SYSTEMS LIMITED

CLIMATEC SYSTEMS LIMITED - Company Information

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CLIMATEC SYSTEMS LIMITED

Company Registration Number:
01648233 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2017

Period of accounts

Start date: 01 July 2016

End date: 30 June 2017

CLIMATEC SYSTEMS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2017

Balance sheet
Notes

CLIMATEC SYSTEMS LIMITED

Balance sheet

As at 30 June 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 321,627 324,486
Total fixed assets: 321,627 324,486
Current assets
Stocks: 287,473 211,275
Debtors:   699,624 734,008
Cash at bank and in hand: 664,932 658,382
Investments: 4 249,209 216,816
Total current assets: 1,901,238 1,820,481
Creditors: amounts falling due within one year: 5 (539,839) (598,991)
Net current assets (liabilities): 1,361,399 1,221,490
Total assets less current liabilities: 1,683,026 1,545,976
Provision for liabilities: (34,974) (24,725)
Total net assets (liabilities): 1,648,052 1,521,251
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 1,648,042 1,521,241
Shareholders funds: 1,648,052 1,521,251

The notes form part of these financial statements

CLIMATEC SYSTEMS LIMITED

Balance sheet statements

For the year ending 30 June 2017 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 March 2018
and signed on behalf of the board by:

Name: R I Williams
Status: Director

The notes form part of these financial statements

CLIMATEC SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CLIMATEC SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2017

2. Employees

2017 2016
Average number of employees during the period 10 10

CLIMATEC SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2017

3. Tangible Assets

Total
Cost £
At 01 July 2016 530,146
Additions 46,633
Disposals (46,985)
At 30 June 2017 529,794
Depreciation
At 01 July 2016 205,660
Charge for year 38,342
On disposals (35,835)
At 30 June 2017 208,167
Net book value
At 30 June 2017 321,627
At 30 June 2016 324,486

CLIMATEC SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2017

4. Current investments

---------------------------------------------2017 2016 £ £Other investments 249,209 216,816 ======== =======

CLIMATEC SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2017

5. Creditors: amounts falling due within one year note

...................................................................2017 2016 £ £Due within one yearBank loans & overdrafts - 39Trade creditors 101,527 89,586Taxation & social security 142,812 163,223Accruals & deferred income 269,859 272,574Other creditors 25,641 73,569 ------------ ------------ 539,839 598,991 ======== =======

CLIMATEC SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2017

6. Changes in presentation and prior period adjustments

Balance sheet at 1 July 2015 As originally Re-measurement As reported RestatedFixed assetsTangible assets 278,990 - 278,990Current assetsStocks 217,110 - 217,110Debtors 552,202 - 552,202CurrentInvestments 123,522 84,738 208,260Cash & bank 476,923 - 476,923 ------------ ----------- ------------ 1,369,757 84,738 1,454,495Creditors duewithin 1 year (430,990) - (430,990) ------------- ----------- --------------Net current assets 938,767 84,738 1,023,505 ------------- ------------ --------------Total assets lesscurrent liabilities 1,217,757 84,738 1,302,495Provisions forliabilities (7,335) (16,948) (24,283) ------------- ------------ ---------------Net assets 1,210,422 67,790 1,278,212 ========= ======= ========Capital andreservesShare capital 10 - 10Profit & loss 1.210,412 67,790 1,278,202 ------------- ------------ -------------Total equity 1,210,412 67,790 1,278,212 ======== ======= ========Balance sheet at 30 June 2016 As originally Re-measurement As reported RestatedFixed assetsTangible assets 324,487 - 324,487Current assetsStocks 211,275 - 211,275Debtors 734,008 - 734,008CurrentInvestments 125,742 91,074 216,816Cash & bank 658,382 - 658,382 ------------ ----------- ------------ 1,729,407 91,074 1,820,481Creditors duewithin 1 year (598,992) (598,992) ------------- ----------- --------------Net current assets 1,130,415 91,074 1,221,489 ------------- ------------ --------------Total assets lesscurrent liabilities 1,454,902 91,074 1,545,976Provisions forliabilities (6,510) (18,215) (24,725) ------------- ------------ ---------------Net assets 1,448,392 72,859 1,521,251 ========= ======= ========Capital andreservesShare capital 10 - 10Profit & loss 1,448,382 72,859 1,521,241 ------------- ------------ -------------Total equity 1,448,392 72,859 1,521,251 ======== ======= ========