J E AIR CONDITIONING LIMITED - Accounts 2014


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31 March 2014

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 05704722


Registered Number: 05704722

BALANCE SHEET AT 31 MARCH 2014

			2014		2013
	Notes		£		£

FIXED ASSETS
Intangible assets	2		1		1
Tangible assets	3		3,117		3,402

			3,118		3,403

CURRENT ASSETS
Stock		2,650		2,650
Debtors (amounts falling due within one year)		12,495		30,044
Cash at bank and in hand		5,971		2,300
		21,116		34,994
CREDITORS: Amounts falling due within one year		22,966		34,164
NET CURRENT (LIABILITIES) / ASSETS			(1,850)		830
TOTAL ASSETS LESS CURRENT LIABILITIES			1,268		4,233


CREDITORS: Amounts falling due after more than one year	4		946		3,976

NET ASSETS			322		257

CAPITAL AND RESERVES

Called up share capital	5		100		100
Profit and loss account			222		157
SHAREHOLDERS' FUNDS			322		257

For the year ending 31 March 2014 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board on 24 December 2014 and signed on their behalf by




John HEHIR
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 25%
Motor Cars		reducing balance 25%




1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.


1g. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2014	2013
	£	£
Bank loans and overdrafts	946	3,976
	946	3,976




5. SHARE CAPITAL	2014	2013
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100