Registered Number 03975947

AIR MONITORS LTD.

Abbreviated Accounts

31 December 2014

AIR MONITORS LTD. Registered Number 03975947

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 40,520 40,993
40,520 40,993
Current assets
Stocks 179,009 167,795
Debtors 705,131 698,958
Cash at bank and in hand 173,933 196,841
1,058,073 1,063,594
Creditors: amounts falling due within one year (747,908) (718,573)
Net current assets (liabilities) 310,165 345,021
Total assets less current liabilities 350,685 386,014
Creditors: amounts falling due after more than one year (2,324) (93,166)
Provisions for liabilities (2,456) (2,456)
Total net assets (liabilities) 345,905 290,392
Capital and reserves
Called up share capital 3 10,000 10,000
Profit and loss account 335,905 280,392
Shareholders' funds 345,905 290,392
  • For the year ending 31 December 2014 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.

Approved by the Board on 30 September 2015

And signed on their behalf by:
Mr J E Mills, Director

AIR MONITORS LTD. Registered Number 03975947

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contract and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and Machinery - 25% on reducing balance
Motor Vehicles- 25% on reducing balance

Valuation information and policy
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

2Tangible fixed assets
£
Cost
At 1 January 2014 86,678
Additions 12,518
Disposals -
Revaluations -
Transfers -
At 31 December 2014 99,196
Depreciation
At 1 January 2014 45,685
Charge for the year 12,991
On disposals -
At 31 December 2014 58,676
Net book values
At 31 December 2014 40,520
At 31 December 2013 40,993
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
10,000 Ordinary shares of £1 each 10,000 10,000