Air Monitors Limited - Limited company - abbreviated

REGISTERED NUMBER: 03975947 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

for

Air Monitors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J E Mills

Mrs K L Pavey

REGISTERED OFFICE:

Unit 2 Bredon Court

Brockeridge Park

Twyning

Tewkesbury

Gloucestershire

GL20 6FF

REGISTERED NUMBER:

03975947 (England and Wales)

FIXED ASSETS

Tangible assets

2

40,993

52,361

CURRENT ASSETS

Stocks

167,795

200,431

Debtors

698,958

373,375

Cash at bank and in hand

196,841

311,334

1,063,594

885,140

CREDITORS

Amounts falling due within one year

718,573

713,946

NET CURRENT ASSETS

345,021

171,194

TOTAL ASSETS LESS CURRENT
LIABILITIES

386,014

223,555

CREDITORS

Amounts falling due after more than one
year

(93,166

)

(47,343

)

PROVISIONS FOR LIABILITIES

(2,456

)

(3,469

)

NET ASSETS

290,392

172,743

CAPITAL AND RESERVES

Called up share capital

3

10,000

Profit and loss account

280,392

162,743

SHAREHOLDERS' FUNDS

290,392

172,743

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 30 September 2014 and were signed on its
behalf by:

Mr J E Mills - 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 April 2008).

Turnover

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

contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets

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

Stocks

Stocks 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.

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

ruling 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 the 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

84,065

Additions

2,613

At 31 December 2013

86,678

DEPRECIATION

At 1 January 2013

31,704

Charge for year

13,981

At 31 December 2013

45,685

NET BOOK VALUE

At 31 December 2013

40,993

At 31 December 2012

52,361

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

10,000

Ordinary

£1

10,000