REGISTERED NUMBER: 06216327 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2016

FOR

ABOUT COOLING LIMITED

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

3

DIRECTOR:

M Knight

SECRETARY:

A Freer

REGISTERED OFFICE:

266-268 High Street

Waltham Cross

Hertfordshire

EN8 7EA

REGISTERED NUMBER:

06216327 (England and Wales)

ACCOUNTANTS:

UCS Accountants

Certified Public Accountants

266-268 High Street

Waltham Cross

Hertfordshire

EN8 7EA

FIXED ASSETS

Tangible assets

2

13,967

16,630

CURRENT ASSETS

Stocks

82,330

3,300

Debtors

43,231

84,970

Cash at bank and in hand

150,797

127,256

276,358

215,526

CREDITORS

Amounts falling due within one year

135,758

73,419

NET CURRENT ASSETS

140,600

142,107

TOTAL ASSETS LESS CURRENT LIABILITIES

154,567

158,737

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

154,565

158,735

SHAREHOLDERS' FUNDS

154,567

158,737

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 14 February 2017 and were signed by:

M Knight - 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

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

STOCKS

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

31,507

Additions

828

At 31 May 2016

32,335

DEPRECIATION

At 1 June 2015

14,877

Charge for year

3,491

At 31 May 2016

18,368

NET BOOK VALUE

At 31 May 2016

13,967

At 31 May 2015

16,630

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

£

2

Ordinary Shares

1

2

2

4.	CONTROLLING PARTY

The company was under the control of Mr M Knight and Mrs L Knight by virtue of their ownership of

the issued share capital.