Concept (A C & R) Maintenance Ltd - Accounts to registrar (filleted) - small 18.1

Concept (A C & R) Maintenance Ltd - Accounts to registrar (filleted) - small 18.1

CONCEPT (AIR CONDITIONING AND REFRIGERATION) MAINTENANCE LTD - Company Information

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REGISTERED NUMBER: 07183756 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

CONCEPT
(AIR CONDITIONING AND REFRIGERATION)
MAINTENANCE LTD
CONCEPT
(AIR CONDITIONING AND REFRIGERATION)
MAINTENANCE LTD (REGISTERED NUMBER: 07183756)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CONCEPT
(AIR CONDITIONING AND REFRIGERATION)
MAINTENANCE LTD

COMPANY INFORMATION
for the year ended 31 March 2018







DIRECTORS: Mrs J Sloan
D J Sloan





SECRETARY: Mrs J Sloan





REGISTERED OFFICE: Suite 2
Beswick House
Greenfold Way
Leigh
Lancashire
WN7 3XJ





REGISTERED NUMBER: 07183756 (England and Wales)





ACCOUNTANTS: Hayes and Associates (Leigh) Limited
Suite 2 Beswick House
Greenfold Way
Leigh
Lancashire
WN7 3XJ
Page 1
CONCEPT
(AIR CONDITIONING AND REFRIGERATION)
MAINTENANCE LTD (REGISTERED NUMBER: 07183756)

BALANCE SHEET
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 200 300
Tangible assets 5 54,835 67,189
55,035 67,489

CURRENT ASSETS
Stocks 4,500 4,000
Debtors 6 210,403 178,384
Cash at bank and in hand 51,928 7,798
266,831 190,182
CREDITORS
Amounts falling due within one year 7 163,271 118,300
NET CURRENT ASSETS 103,560 71,882
TOTAL ASSETS LESS CURRENT
LIABILITIES
158,595
139,371

PROVISIONS FOR LIABILITIES 10,477 10,477
NET ASSETS 148,118 128,894

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 148,116 128,892
148,118 128,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 notes form part of these financial statements

Page 2 continued...
CONCEPT
(AIR CONDITIONING AND REFRIGERATION)
MAINTENANCE LTD (REGISTERED NUMBER: 07183756)

BALANCE SHEET - continued
31 March 2018


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 Board of Directors on 1 August 2018 and were signed on its behalf by:




D J Sloan - Director



Mrs J Sloan - Director


The notes form part of these financial statements

Page 3
CONCEPT
(AIR CONDITIONING AND REFRIGERATION)
MAINTENANCE LTD (REGISTERED NUMBER: 07183756)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2018

1. STATUTORY INFORMATION

Concept (Air Conditioning And Refrigeration) Maintenance 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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.

Page 4 continued...
CONCEPT
(AIR CONDITIONING AND REFRIGERATION)
MAINTENANCE LTD (REGISTERED NUMBER: 07183756)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2018

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2017 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 500
AMORTISATION
At 1 April 2017 200
Charge for year 100
At 31 March 2018 300
NET BOOK VALUE
At 31 March 2018 200
At 31 March 2017 300

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017 114,334
Additions 23,765
Disposals (31,338 )
At 31 March 2018 106,761
DEPRECIATION
At 1 April 2017 47,145
Charge for year 17,087
Eliminated on disposal (12,306 )
At 31 March 2018 51,926
NET BOOK VALUE
At 31 March 2018 54,835
At 31 March 2017 67,189

Page 5 continued...
CONCEPT
(AIR CONDITIONING AND REFRIGERATION)
MAINTENANCE LTD (REGISTERED NUMBER: 07183756)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 208,038 130,001
Other debtors 2,365 48,383
210,403 178,384

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 23,176 29,984
Trade creditors 61,600 39,630
Taxation and social security 68,917 37,180
Other creditors 9,578 11,506
163,271 118,300

Page 6