Registered Number
:
06962525
|
For the year ended 31 July 2020
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2020
Absolute Climate Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Absolute Climate Ltd
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
22,535
38,270
3
22,535
38,270
Trade and other receivables
|
212,593
169,045
4
286,346
Cash and cash equivalents
|
408,867
577,912
498,939
Trade and other payables
:
amounts falling due within one
|
year
|
(198,714)
(133,773)
5
300,225
444,139
Net current assets
Total assets less current liabilities
|
466,674
338,495
Trade and other payables
:
amounts falling due after more
|
than one year
|
(17,878)
(9,282)
6
(4,282)
(7,271)
Provisions for liabilities
|
453,110
Net assets
313,346
10
10
453,100
313,336
453,110
313,346
Shareholders' funds
For the year ended 31 July 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
Mr Wayne Jobling Director
|
These financial statements were approved and authorised for issue by the Board on 27 January 2021 and were signed by:
|
1 of 5
For the year ended 31 July 2020
Absolute Climate Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
|
2 of 5
For the year ended 31 July 2020
Absolute Climate Ltd
Notes to the Financial Statements
Statutory Information
Absolute Climate Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
06962525
.
|
Unit 1, Beaufort
Parklands, Railton Road
Guildford
Surrey
GU2 9JX
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable net of Value Added Tax and trade discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the customer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
|
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of 10 years.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Computer equipment
Motor vehicles
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
|
3 of 5
For the year ended 31 July 2020
Absolute Climate Ltd
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
7,500
(7,500)
-
7,500
(7,500)
-
-
-
3
.
Property
,
plant and equipment
|
Motor vehicles
82,027
13,890
62,616
5,521
742
742
-
-
5,521
62,616
14,632
82,769
Provision for depreciation and impairment
|
43,757
7,064
33,310
3,383
Charge for year
16,477
3,375
12,389
713
60,234
10,439
45,699
4,096
1,425
16,917
4,193
22,535
2,138
29,306
6,826
38,270
4
.
Trade and other receivables
|
2019
2020
153,269
159,447
15,776
53,146
212,593
169,045
4 of 5
For the year ended 31 July 2020
Absolute Climate Ltd
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
17,049
45,911
Taxation and social security
|
95,491
105,905
21,233
46,898
133,773
198,714
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2019
2020
9,282
17,878
7
.
Guarantees and other financial commitments
|
The total commitments under operating leases is £21,523. (2019 - £5,178).
8
.
Average number of persons employed
|
During the year the average number of employees was 7 (2019 : 7).
5 of 5