A C Air (Compressors) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05677367

A C Air (Compressors) Limited

Abbreviated Unaudited Accounts for the Year Ended 30 November 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTORS:

A Cooper

Mrs P A Cooper

SECRETARY:

Mrs P A Cooper

REGISTERED OFFICE:

Le Marsh

Northgate

Pinchbeck

Spalding

Lincolnshire

PE11 3TA

REGISTERED NUMBER:

05677367

ACCOUNTANTS:

Salway and Wright

Chartered Accountants

32 The Crescent

Spalding

Lincolnshire

PE11 1AF

FIXED ASSETS

Tangible assets

2

1,057

1,275

CURRENT ASSETS

Stock and work in progress

412

586

Debtors

6,096

1,783

Cash at bank

44,932

70,133

51,440

72,502

CREDITORS

Amounts falling due within one year

42,876

25,712

NET CURRENT ASSETS

8,564

46,790

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,621

48,065

PROVISIONS FOR LIABILITIES

129

154

NET ASSETS

9,492

47,911

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

9,392

47,811

SHAREHOLDERS' FUNDS

9,492

47,911

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 31 August 2017 and were signed on its behalf by:

A Cooper - 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 and equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stock and work in progress 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

5,768

DEPRECIATION

At 1 December 2015

4,493

Charge for year

218

At 30 November 2016

4,711

NET BOOK VALUE

At 30 November 2016

1,057

At 30 November 2015

1,275

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

100

Ordinary

£1

100

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £38,000 (2015 - £44,000) were paid to the directors .

The company was under the control of Mr and Mrs Cooper throughout the year ended 30th November 2016.

Mr and Mrs Cooper own all the issued share capital.

Other creditors consists of money owed to Mr and Mrs Cooper.

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 three)

have been prepared.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2016 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Salway and Wright

Chartered Accountants

32 The Crescent

Spalding

Lincolnshire

PE11 1AF

31 August 2017