A&A Refrigeration Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05501489 (England and Wales)

A&A Refrigeration Limited

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

JJ Alcock

JC Addicott

HC Addicott

REGISTERED OFFICE:

3 Southernhay West

Exeter

Devon

EX1 1JG

REGISTERED NUMBER:

05501489 (England and Wales)

ACCOUNTANTS:

Haines Watts Exeter LLP

3 Southernhay West

Exeter

Devon

EX1 1JG

FIXED ASSETS

Tangible assets

2

155,878

128,931

CURRENT ASSETS

Stocks

10,000

6,000

Debtors

105,146

131,537

Cash in hand

250

325

115,396

137,862

CREDITORS

Amounts falling due within one year

3

(139,494

)

(147,946

)

NET CURRENT LIABILITIES

(24,098

)

(10,084

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

131,780

118,847

CREDITORS

Amounts falling due after more than one
year

3

(72,524

)

(66,650

)

PROVISIONS FOR LIABILITIES

(10,180

)

(6,224

)

NET ASSETS

49,076

45,973

CAPITAL AND RESERVES

Called up share capital

4

1,200

Profit and loss account

47,876

44,773

SHAREHOLDERS' FUNDS

49,076

45,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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.

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 23 January 2017 and were signed on
its behalf by:

JJ Alcock - 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 amounts chargeable, net of value added tax, in respect of the sale of goods and

services to customers.

Tangible fixed assets

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

Freehold property

-

2% straight line

Plant and machinery

-

15% reducing balance

Fixtures and fittings

-

15% reducing balance

Motor vehicles

-

25% reducing balance

Office equipment

-

15% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow

moving stock. Net realisable value is based on selling price less anticipated costs to completion and

selling costs.

Deferred tax

Deferred tax is recognised, where material, without discounting, in respect of all timing differences

between the treatment of certain items for taxation and accounting purposes, which have arisen but

not reversed by the balance sheet date, except as required by FRSSE.

Deferred tax is measured at the rates that are expected to apply in the periods when the timing

differences are expected to reserve, based on the tax rates and law enacted at the balance sheet

date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line

basis over the lease term.

Assets held under finance leases, which are leases where substantially all the risks and rewards of

ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible

fixed assets and are depreciated over the short of the lease term and their term and their useful lives.

The capital elements of future obligations under the leases are included as liabilities in the balance

sheet. The interest element of the rental obligation is charged to the profit and loss account over the

period of the lease. Assets held under hire purchase agreements are capitalised as tangible fixed

assets and are depreciated over the shorter of the lease term and their useful lives. The capital

element of future finance payments is included within creditors. Finance charges are allocated to

accounting periods over the length of the contract.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangement, as 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

168,174

Additions

38,141

Disposals

(8,295

)

At 30 September 2016

198,020

DEPRECIATION

At 1 October 2015

39,243

Charge for year

9,226

Eliminated on disposal

(6,327

)

At 30 September 2016

42,142

NET BOOK VALUE

At 30 September 2016

155,878

At 30 September 2015

128,931

3.

CREDITORS

Creditors include an amount of £ 118,422 (2015 - £ 53,712 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

Repayable by instalments

17,105

23,121

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary A

£1

1,000

100

Ordinary B

£1

100

Ordinary C

£1

100

1,200