| Registered Number:06962525 |
For the year ended 31 July 2018
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2018
Absolute Climate Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Absolute Climate Ltd
Statement of Financial Position
2017
2018
750
1,500
2
| Property, plant and equipment |
12,426
21,957
3
13,176
23,457
| Trade and other receivables |
135,548
148,733
4
95,722
| Cash and cash equivalents |
214,522
363,255
231,270
| Trade and other payables: amounts falling due within one |
| year |
(122,585)
(147,858)
5
108,685
215,397
Net current assets
| Total assets less current liabilities |
228,573
132,142
| Trade and other payables: amounts falling due after more |
| than one year |
(7,159)
(7,064)
6
(2,361)
(4,172)
| Provisions for liabilities |
219,148
Net assets
120,811
10
10
219,138
120,801
219,148
120,811
Shareholders' funds
| For the year ended 31 July 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Wayne Jobling Director |
| These financial statements were approved and authorised for issue by the Board on 31 October 2018 and were signed by: |
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For the year ended 31 July 2018
Absolute Climate Ltd
Statement of Financial Position Continued
| The notes form part of these financial statements |
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For the year ended 31 July 2018
Absolute Climate Ltd
Notes to the Financial Statements
Statutory Information
| Absolute Climate Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 06962525. |
| Principal place of business: |
Unit 1, Beaufort
Parklands, Railton Road
Guildford
Surrey
GU2 9JX
C/O Emmaus Chartered Accountants
Westmead House
Westmead
Farnborough
GU14 7LP
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
| Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of 10 years. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Hire purchase and leasing commitments
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
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For the year ended 31 July 2018
Absolute Climate Ltd
Notes to the Financial Statements Continued
| 2. Intangible fixed assets |
Goodwill
7,500
7,500
6,000
750
Charge for year
6,750
750
1,500
| 3. Property, plant and equipment |
Motor vehicles
56,647
5,802
48,174
2,671
1,629
1,629
-
-
2,671
48,174
7,431
58,276
| Provision for depreciation and impairment |
34,690
2,023
30,664
2,003
Charge for year
11,160
1,713
8,779
668
45,850
3,736
39,443
2,671
-
8,731
3,695
12,426
668
17,510
3,779
21,957
| 4. Trade and other receivables |
2017
2018
130,552
94,534
18,181
41,014
135,548
148,733
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For the year ended 31 July 2018
Absolute Climate Ltd
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2017
2018
25,541
52,546
| Taxation and social security |
94,362
38,922
27,955
31,117
147,858
122,585
| 6. Trade and other payables: amounts falling due after more than one year |
2017
2018
7,064
7,159
Amounts falling due after more than one year include directors' loans (see Note 6).
| 7. Guarantees and other financial commitments |
At the balance sheet date the company had total lease comittments of £22,662 (2017- £38,202).
| 8. Average number of persons employed |
During the year the average number of employees was 7 (2017 : 6).
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