LEADER AIR CONDITIONING LIMITED

Company Registration Number:
01992117 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 May 2015

End date: 30 April 2016

LEADER AIR CONDITIONING LIMITED

Abbreviated Balance sheet

As at 30 April 2016


Notes

2016
£

2015
£
Fixed assets
Tangible assets: 2 13,048 13,040
Total fixed assets: 13,048 13,040
Current assets
Stocks: 1,318 1,622
Debtors: 57,101 48,888
Cash at bank and in hand: 95,795 78,038
Total current assets: 154,214 128,548
Creditors: amounts falling due within one year: ( 117,773 ) ( 93,074 )
Net current assets (liabilities): 36,441 35,474
Total assets less current liabilities: 49,489 48,514
Creditors: amounts falling due after more than one year: ( 2,333 ) ( 4,666 )
Total net assets (liabilities): 47,156 43,848

The notes form part of these financial statements

LEADER AIR CONDITIONING LIMITED

Balance sheet continued

As at 30 April 2016


Notes

2016
£

2015
£
Capital and reserves
Called up share capital: 3 7,000 7,000
Profit and loss account: 40,156 36,848
Shareholders funds: 47,156 43,848

For the year ending 30 April 2016 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 21 July 2016

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 Abbreviated Accounts

for the Period Ended 30 April 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements are prepared on the historical cost basis of accounting and have been prepared in accordance with the Financial Reporting Standard for Smaller Entities ( effective June 2002)

    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 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 are valued at the lower of cost and estimated realisable value. Cost of raw material is determined on the first in first out basis .In the case of work in progress and finished goods, cost includes all direct expenditure and production overheads based on the normal level of activity. Net realisable value is the price at which stock can be realised in the normal course of business, less further costs to completion of sale.

    Other accounting policies

    Rentals under operating leases are charged to the profit and loss account as they fall due.

LEADER AIR CONDITIONING LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 April 2016

  • 2. Tangible assets

    Total
    Cost £
    01 May 2015: 63,553
    Additions: 4,683
    Disposals: ( 7,695 )
    Revaluations: 0
    Transfers: 0
    30 April 2016: 60,541
    Depreciation
    01 May 2015: 50,513
    Charge for year: 4,349
    On disposals: ( 7,369 )
    Other adjustments: 0
    30 April 2016: 47,493
    Net book value
    30 April 2016: 13,048
    30 April 2015: 13,040

LEADER AIR CONDITIONING LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 April 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 7,000 1.00 7,000
    Preference shares: 0
    Total share capital (£): 7,000
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 7,000 1.00 7,000
    Preference shares: 0
    Total share capital (£): 7,000