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Abbreviated Accounts for the Year Ended 31 March 2013

for

Air-Ref Limited

Air-Ref Limited (Registered number: 03511562)

Contents of the Abbreviated Accounts
for the Year Ended 31 March 2013










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Certified Accountants' Report 6

Air-Ref Limited

Company Information
for the Year Ended 31 March 2013







DIRECTORS: K Parmar
J Parmar





SECRETARY: Mrs N Parmar





REGISTERED OFFICE: Little Yarrows
Guildford Road
Mayford
Woking
Surrey
GU22 0SD





REGISTERED NUMBER: 03511562 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
39 Chobham Road
Woking
Surrey
GU21 6JD

Air-Ref Limited (Registered number: 03511562)

Abbreviated Balance Sheet
31 March 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 15,000 16,125
Tangible assets 3 40,935 35,717
55,935 51,842

CURRENT ASSETS
Stocks 27,298 25,998
Debtors 289,221 348,250
Cash at bank and in hand 13,461 10,200
329,980 384,448
CREDITORS
Amounts falling due within one year 188,424 201,267
NET CURRENT ASSETS 141,556 183,181
TOTAL ASSETS LESS CURRENT LIABILITIES 197,491 235,023

CREDITORS
Amounts falling due after more than one
year

(11,925
)
-

PROVISIONS FOR LIABILITIES (5,318 ) (3,645 )
NET ASSETS 180,248 231,378

CAPITAL AND RESERVES
Called up share capital 4 100 2
Profit and loss account 180,148 231,376
SHAREHOLDERS' FUNDS 180,248 231,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2013 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.

Air-Ref Limited (Registered number: 03511562)

Abbreviated Balance Sheet - continued
31 March 2013


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 Board of Directors on 4 December 2013 and were signed on
its behalf by:





K Parmar - Director


Air-Ref Limited (Registered number: 03511562)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2013


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 April 2008).

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

An impairment review is carried out annually in respect of the carrying value of goodwill and provision
made as appropriate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held
under finance leases are depreciated over their estimated useful lives or the lease term, whichever is
the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant
period. The capital element of the future payments is treated as a liability.

Air-Ref Limited (Registered number: 03511562)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2013


2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2012
and 31 March 2013 30,000
AMORTISATION
At 1 April 2012 13,875
Amortisation for year 1,125
At 31 March 2013 15,000
NET BOOK VALUE

At 31 March 2013 15,000
At 31 March 2012 16,125

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2012 140,513
Additions 25,940
Disposals (33,557 )
At 31 March 2013 132,896
DEPRECIATION
At 1 April 2012 104,796
Charge for year 13,645
Eliminated on disposal (26,480 )
At 31 March 2013 91,961
NET BOOK VALUE
At 31 March 2013 40,935
At 31 March 2012 35,717

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
2 Ordinary £1 100 2

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Air-Ref Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval
the financial statements of Air-Ref Limited for the year ended 31 March 2013 which comprise the Profit and
Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from
information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its
ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified
Accountants as detailed at http://www.accaglobal.com/factsheet163.






CSL Partnership Limited
Chartered Certified Accountants
39 Chobham Road
Woking
Surrey
GU21 6JD


4 December 2013