REGISTERED NUMBER: 03228121 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016

FOR

A & B AIR SYSTEMS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R A Sankey

SECRETARY:

Mrs JD Sankey

REGISTERED OFFICE:

Unit 21

Abenbury Way

Wrexham Industrial Estate

Wrexham

LL13 9BZ

REGISTERED NUMBER:

03228121 (England and Wales)

ACCOUNTANTS:

Guy Walmsley Limited

Chartered Accountants

3 Grove Road

Wrexham

LL11 1DY

FIXED ASSETS

Tangible assets

2

42,034

21,280

CURRENT ASSETS

Stocks

74,766

78,271

Debtors

400,433

474,077

Cash at bank and in hand

312

61,151

475,511

613,499

CREDITORS

Amounts falling due within one year

514,285

626,525

NET CURRENT LIABILITIES

(38,774

)

(13,026

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,260

8,254

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

3,160

8,154

SHAREHOLDERS' FUNDS

3,260

8,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 25 May 2017 and were signed by:

R A Sankey - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tools & Equipment

-

15% on reducing balance

Office Equipment

-

15% on reducing balance

Motor vehicles

-

25% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

85,304

Additions

26,045

At 31 August 2016

111,349

DEPRECIATION

At 1 September 2015

64,024

Charge for year

5,291

At 31 August 2016

69,315

NET BOOK VALUE

At 31 August 2016

42,034

At 31 August 2015

21,280

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

£

100

Ordinary

£1

100

100