LEADER AIR CONDITIONING LIMITED

Company Registration Number:
01992117 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2017

Period of accounts

Start date: 01 May 2016

End date: 30 April 2017

LEADER AIR CONDITIONING LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2017

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 9

LEADER AIR CONDITIONING LIMITED

Company Information

for the Period Ended 30 April 2017




Director: Gary James Whereatt
Deborah Anne Whereatt
Secretary: Deborah Anne Whereatt
Registered office: Unit 3
Duckmoor Trading Estate
Duckmoor Road
Ashton
Bristol
BS3 2BJ
Company Registration Number: 01992117 (England and Wales)

LEADER AIR CONDITIONING LIMITED

Directors' Report Period Ended 30 April 2017

The directors present their report with the financial statements of the company for the period ended 30 April 2017

Principal Activities

The principal activity of the company is that of buying,installing,servicing and commissioning air conditioning equipment

Directors

The directors shown below have held office during the whole of the period from 01 May 2016 to 30 April 2017
Gary James Whereatt
Deborah Anne Whereatt

Secretary
Deborah Anne Whereatt

This report was approved by the board of directors on 9 August 2017
And Signed On Behalf Of The Board By:

Name: Gary James Whereatt
Status: Director

LEADER AIR CONDITIONING LIMITED

Profit and Loss Account

for the Period Ended 30 April 2017


Notes

2017
£

2016
£
Turnover 698,184 620,655
Cost of sales (444,446) (431,723)
Gross Profit or (Loss) 253,738 188,932
Distribution Costs (39,445) (32,850)
Administrative Expenses (181,107) (142,969)
Operating Profit or (Loss) 33,186 13,113
Interest Receivable and Similar Income 48 59
Interest Payable and Similar Charges (396) (364)
Profit or (Loss) Before Tax 32,838 12,808
Tax on Profit (6,000) (2,500)
Profit or (Loss) for Period 26,838 10,308

The notes form part of these financial statements

LEADER AIR CONDITIONING LIMITED

Balance sheet

As at 30 April 2017


Notes

2017
£

2016
£
Fixed assets
Tangible assets: 2 15,175 13,048
Total fixed assets: 15,175 13,048
Current assets
Stocks: 1,398 1,318
Debtors: 3 59,873 57,101
Cash at bank and in hand: 136,698 95,795
Total current assets: 197,969 154,214
Creditors: amounts falling due within one year: 4 ( 144,700 ) ( 117,773 )
Net current assets (liabilities): 53,269 36,441
Total assets less current liabilities: 68,444 49,489
Creditors: amounts falling due after more than one year: 5 ( 2,500 ) ( 2,333 )
Total net assets (liabilities): 65,944 47,156

The notes form part of these financial statements

LEADER AIR CONDITIONING LIMITED

Balance sheet continued

As at 30 April 2017


Notes

2017
£

2016
£
Capital and reserves
Called up share capital: 7,000 7,000
Profit and loss account: 58,944 40,156
Shareholders funds: 65,944 47,156

For the year ending 30 April 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 9 August 2017
And Signed On Behalf Of The Board By:

Name: Gary James Whereatt
Status: Director

The notes form part of these financial statements

LEADER AIR CONDITIONING LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2017

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

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

    Tangible fixed assets depreciation policy

    Depreciation is provided on all tangible fixed assets at rates calculated to write off the the full cost or valuation , less estimated residual value, of each asset over its estimated useful life.

    Valuation information and policy

    Stocks and Work in Progress is valued at the lower of cost and estimated net realisable value.

LEADER AIR CONDITIONING LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2017

2. Tangible assets

Office equipment Motor vehicles Total
Cost £ £ £
At 01 May 2016 22,783 37,758 60,541
Additions - 7,185 7,185
Disposals - - -
Revaluations - - -
Transfers - - -
At 30 April 2017 22,783 44,943 67,726
Depreciation
At 01 May 2016 22,783 24,710 47,493
Charge for year - 5,058 5,058
On disposals - - -
Other adjustments - - -
At 30 April 2017 22,783 29,768 52,551
Net book value
At 30 April 2017 0 15,175 15,175
At 30 April 2016 0 13,048 13,048

LEADER AIR CONDITIONING LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2017

3. Debtors


2017
£

2016
£
Trade debtors 54,912 50,011
Prepayments and accrued income 4,961 7,090
Total 59,873 57,101

LEADER AIR CONDITIONING LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2017

4.Creditors: amounts falling due within one year note


2017
£

2016
£
Trade creditors 105,440 87,725
Taxation and social security 26,262 19,718
Other creditors 12,998 10,330
Total 144,700 117,773

LEADER AIR CONDITIONING LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2017

5.Creditors: amounts falling due after more than one year


2017
£

2016
£
Other creditors 2,500 2,333
Total 2,500 2,333