Company Registration No. 04468215 (England and Wales)
ABLAZE GREEN ENERGY SOLUTIONS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2016
Abbey House
Hickleys Court
South Street
Farnham
Surrey
GU9 7QQ
ABLAZE GREEN ENERGY SOLUTIONS LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ABLAZE GREEN ENERGY SOLUTIONS LTD
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
33,907
38,581
Current assets
Stocks
15,500
15,500
Debtors
401,123
272,640
Cash at bank and in hand
17,932
84,230
434,555
372,370
Creditors: amounts falling due within one year
(386,721)
(340,372)
Net current assets
47,834
31,998
Total assets less current liabilities
81,741
70,579
Creditors: amounts falling due after more than one year
-
(1,349)
Provisions for liabilities
-
(639)
81,741
68,591
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
81,641
68,491
Shareholders' funds
81,741
68,591
ABLAZE GREEN ENERGY SOLUTIONS LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
- 2 -
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 23 March 2017
Mr S. P. Rose
Director
Company Registration No. 04468215
ABLAZE GREEN ENERGY SOLUTIONS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
1
Accounting policies
1.1
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Equipment
25% reducing balance
Motor vehicles
25% reducing balance
1.5
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
1.6
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.8
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
ABLAZE GREEN ENERGY SOLUTIONS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 4 -
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015
50,945
Additions
5,550
At 30 June 2016
56,495
Depreciation
At 1 July 2015
12,364
Charge for the year
10,224
At 30 June 2016
22,588
Net book value
At 30 June 2016
33,907
At 30 June 2015
38,581
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
50 Ordinary A shares of £1 each
50
50
25 Ordinary B shares of £1 each
25
25
25 Ordinary C shares of £1 each
25
25
100
100