Registered Number 03975947

AIR MONITORS LTD.

Abbreviated Accounts

31 December 2015

AIR MONITORS LTD. Registered Number 03975947

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 24,181 40,520
24,181 40,520
Current assets
Stocks 216,398 179,009
Debtors 705,485 705,131
Cash at bank and in hand 276,182 173,933
1,198,065 1,058,073
Creditors: amounts falling due within one year (807,629) (747,908)
Net current assets (liabilities) 390,436 310,165
Total assets less current liabilities 414,617 350,685
Creditors: amounts falling due after more than one year (22,486) (2,324)
Provisions for liabilities (2,456) (2,456)
Total net assets (liabilities) 389,675 345,905
Capital and reserves
Called up share capital 3 10,000 10,000
Profit and loss account 379,675 335,905
Shareholders' funds 389,675 345,905
  • For the year ending 31 December 2015 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 2016

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 2015

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 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 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 2015 99,196
Additions 6,322
Disposals (34,995)
Revaluations -
Transfers -
At 31 December 2015 70,523
Depreciation
At 1 January 2015 58,676
Charge for the year 6,548
On disposals (18,882)
At 31 December 2015 46,342
Net book values
At 31 December 2015 24,181
At 31 December 2014 40,520
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
10,000 Ordinary shares of £1 each 10,000 10,000