Registered number
04858124
P G Airconditioning Ltd
Abbreviated Accounts
31 August 2015
P G Airconditioning Ltd
Registered number: 04858124
Abbreviated Balance Sheet
as at 31 August 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 22,214 7,714
Current assets
Debtors 224,463 242,264
Cash at bank and in hand 22,199 48,068
246,662 290,332
Creditors: amounts falling due within one year (191,480) (215,571)
Net current assets 55,182 74,761
Net assets 77,396 82,475
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 77,296 82,375
Shareholders' funds 77,396 82,475
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Mr Paul Goddard
Director
Approved by the board on 25 May 2016
P G Airconditioning Ltd
Notes to the Abbreviated Accounts
for the year ended 31 August 2015
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line
Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
2 Tangible fixed assets £
Cost
At 1 September 2014 15,203
Additions 27,492
Disposals (12,736)
At 31 August 2015 29,959
Depreciation
At 1 September 2014 7,489
Charge for the year 6,854
On disposals (6,598)
At 31 August 2015 7,745
Net book value
At 31 August 2015 22,214
At 31 August 2014 7,714
3 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each - 100 100
P G Airconditioning Ltd 04858124 false true 2014-09-01 2015-08-31 2015-08-31 Mr Paul Goddard 04858124 uk-bus:OrdinaryShareClass1 2014-08-31 04858124 2014-09-01 2015-08-31 04858124 uk-bus:Director40 2014-09-01 2015-08-31 04858124 uk-gaap:PlantMachinery 2014-09-01 2015-08-31 04858124 uk-gaap:MotorVehicles 2014-09-01 2015-08-31 04858124 uk-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 04858124 2015-08-31 04858124 uk-bus:OrdinaryShareClass1 2015-08-31 04858124 2014-08-31 iso4217:GBP xbrli:shares

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