AB REFRIGERATION & AIR CONDITIONING LTD

Company Registration Number:
NI046005 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 August 2017

Period of accounts

Start date: 01 September 2016

End date: 31 August 2017

AB REFRIGERATION & AIR CONDITIONING LTD

Contents of the Financial Statements

for the Period Ended 31 August 2017

Balance sheet
Notes

AB REFRIGERATION & AIR CONDITIONING LTD

Balance sheet

As at 31 August 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 2 30,695 41,016
Total fixed assets: 30,695 41,016
Current assets
Stocks: 340,994 339,523
Debtors: 3 385,386 300,694
Cash at bank and in hand: 52,362 25,793
Total current assets: 778,742 666,010
Creditors: amounts falling due within one year: 4 (414,606) (321,475)
Net current assets (liabilities): 364,136 344,535
Total assets less current liabilities: 394,831 385,551
Creditors: amounts falling due after more than one year: 5   (8,000)
Total net assets (liabilities): 394,831 377,551
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: 384,831 367,551
Shareholders funds: 394,831 377,551

The notes form part of these financial statements

AB REFRIGERATION & AIR CONDITIONING LTD

Balance sheet statements

For the year ending 31 August 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 21 March 2018
and signed on behalf of the board by:

Name: Leslie Brownlee
Status: Director

The notes form part of these financial statements

AB REFRIGERATION & AIR CONDITIONING LTD

Notes to the Financial Statements

for the Period Ended 31 August 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

AB REFRIGERATION & AIR CONDITIONING LTD

Notes to the Financial Statements

for the Period Ended 31 August 2017

2. Tangible Assets

Total
Cost £
At 01 September 2016 190,957
Additions 12,353
Disposals (58,701)
At 31 August 2017 144,609
Depreciation
At 01 September 2016 149,941
Charge for year 22,674
On disposals (58,701)
At 31 August 2017 113,914
Net book value
At 31 August 2017 30,695
At 31 August 2016 41,016

AB REFRIGERATION & AIR CONDITIONING LTD

Notes to the Financial Statements

for the Period Ended 31 August 2017

3. Debtors

Debtors Falling Due Within One Year: 2017: £385386. 2016: £300694.

AB REFRIGERATION & AIR CONDITIONING LTD

Notes to the Financial Statements

for the Period Ended 31 August 2017

4. Creditors: amounts falling due within one year note

Bank Loans and Overdrafts: 2017: £60863. 2016: £65945.Trade Creditors: 2017: £263610. 2016: £187029.Corporation Tax: 2017: £8586. 2016: £7371.Other Taxation and Social Security: 2017: £68158. 2016: £47287.Other Creditors: 2017: £13389. 2016: £13843.

AB REFRIGERATION & AIR CONDITIONING LTD

Notes to the Financial Statements

for the Period Ended 31 August 2017

5. Creditors: amounts falling due after more than one year note

Other Creditors: 2017: £0. 2016: £8000