Company Registration No. 08232087 (England and Wales)
AIR TIGHTNESS SOLUTIONS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
AIR TIGHTNESS SOLUTIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
AIR TIGHTNESS SOLUTIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2015
30 September 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
12,386
15,347
Current assets
Debtors
36,311
19,270
Cash at bank and in hand
59,808
45,782
96,119
65,052
Creditors: amounts falling due within one year
(38,867)
(45,177)
Net current assets
57,252
19,875
Total assets less current liabilities
69,638
35,222
Provisions for liabilities
(2,477)
-
67,161
35,222
Capital and reserves
Called up share capital
3
30,000
30,000
Profit and loss account
37,161
5,222
Shareholders' funds
67,161
35,222
For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 13 May 2016
E Bramwell
Director
Company Registration No. 08232087
AIR TIGHTNESS SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The company has reported an increase in turnover and profit in the year and the director believes that this will continue into the foreseeable future.
1.2
Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts in respect of providing air tightness solutions for commercial and domestic builds.
in respect of providing air tightness solutions for commercial and domestic builds.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2014
22,569
Additions
1,928
At 30 September 2015
24,497
Depreciation
At 1 October 2014
7,222
Charge for the year
4,889
At 30 September 2015
12,111
Net book value
At 30 September 2015
12,386
At 30 September 2014
15,347
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
30,000 Ordinary of £1 each
30,000
30,000