Company Registration No. 6095770 (England and Wales)
Accurate Air-conditioning Limited
Unaudited accounts
for the year ended 28 February 2022
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Accurate Air-conditioning Limited
for the year ended 28 February 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Accurate Air-conditioning Limited for the year ended
28 February 2022 as set out on pages
3 -
5 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Accurate Air-conditioning Limited, as a body, in accordance with the terms of our engagement letter dated 25 September 2013. Our work has been undertaken solely to prepare for your approval the accounts of Accurate Air-conditioning Limited and state those matters that we have agreed to state to the Board of Directors of Accurate Air-conditioning Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Accurate Air-conditioning Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Accurate Air-conditioning Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Accurate Air-conditioning Limited. You consider that Accurate Air-conditioning Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Accurate Air-conditioning Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Lewis Associates
Chartered Certified Accountants
75 Coniston Gardens
London
NW9 0BA
25 August 2022
Accurate Air-conditioning Limited
Statement of financial position
as at 28 February 2022
Tangible assets
560,825
569,437
Cash at bank and in hand
596,005
458,962
Creditors: amounts falling due within one year
(296,887)
(268,282)
Net current assets
299,118
190,680
Net assets
859,943
760,117
Called up share capital
190
190
Profit and loss account
859,753
759,927
Shareholders' funds
859,943
760,117
For the year ending 28 February 2022 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2022 and were signed on its behalf by
Prakash D'Souza
Director
Company Registration No. 6095770
Accurate Air-conditioning Limited
Notes to the Accounts
for the year ended 28 February 2022
Accurate Air-conditioning Limited is a private company, limited by shares, registered in England and Wales, registration number 6095770. The registered office is 75 Coniston Gardens, Kingsbury, London, NW9 0BA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line basis
Motor vehicles
20% straight line basis
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2021
581,428
13,978
595,406
At 28 February 2022
581,428
13,978
595,406
At 1 March 2021
14,789
11,180
25,969
Charge for the year
5,815
2,797
8,612
At 28 February 2022
20,604
13,977
34,581
At 28 February 2022
560,824
1
560,825
At 28 February 2021
566,639
2,798
569,437
5
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
36,588
48,310
Other creditors
260,299
219,972
Accurate Air-conditioning Limited
Notes to the Accounts
for the year ended 28 February 2022
6
Average number of employees
During the year the average number of employees was 3 (2021: 3).