IRIS Accounts Production v23.2.0.158 11285625 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure112856252022-03-31112856252023-03-31112856252022-04-012023-03-31112856252021-03-31112856252021-04-012022-03-31112856252022-03-3111285625ns16:EnglandWales2022-04-012023-03-3111285625ns15:PoundSterling2022-04-012023-03-3111285625ns11:Director12022-04-012023-03-3111285625ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3111285625ns11:SmallEntities2022-04-012023-03-3111285625ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3111285625ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3111285625ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3111285625ns11:FullAccounts2022-04-012023-03-3111285625ns11:RegisteredOffice2022-04-012023-03-3111285625ns6:CurrentFinancialInstruments2023-03-3111285625ns6:CurrentFinancialInstruments2022-03-3111285625ns6:Non-currentFinancialInstruments2023-03-3111285625ns6:Non-currentFinancialInstruments2022-03-3111285625ns6:ShareCapital2023-03-3111285625ns6:ShareCapital2022-03-3111285625ns6:RetainedEarningsAccumulatedLosses2023-03-3111285625ns6:RetainedEarningsAccumulatedLosses2022-03-3111285625ns6:PlantMachinery2022-04-012023-03-3111285625ns6:MotorVehicles2022-04-012023-03-3111285625ns6:PlantMachinery2022-03-3111285625ns6:MotorVehicles2022-03-3111285625ns6:ComputerEquipment2022-03-3111285625ns6:ComputerEquipment2022-04-012023-03-3111285625ns6:PlantMachinery2023-03-3111285625ns6:MotorVehicles2023-03-3111285625ns6:ComputerEquipment2023-03-3111285625ns6:PlantMachinery2022-03-3111285625ns6:MotorVehicles2022-03-3111285625ns6:ComputerEquipment2022-03-3111285625ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3111285625ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 11285625 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

COOL GUYS AIR CONDITIONING LTD

COOL GUYS AIR CONDITIONING LTD (REGISTERED NUMBER: 11285625)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COOL GUYS AIR CONDITIONING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: S D Deuchars





REGISTERED OFFICE: Sunnyside
Westwood Road
Southfleet
Kent
DA13 9LZ





REGISTERED NUMBER: 11285625 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

COOL GUYS AIR CONDITIONING LTD (REGISTERED NUMBER: 11285625)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,961 4,220

CURRENT ASSETS
Debtors 5 128,020 64,019
Cash at bank 36,215 1,433
164,235 65,452
CREDITORS
Amounts falling due within one year 6 103,033 28,612
NET CURRENT ASSETS 61,202 36,840
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,163

41,060

CREDITORS
Amounts falling due after more than one year 7 (29,166 ) (39,682 )

PROVISIONS FOR LIABILITIES (1,908 ) (802 )
NET ASSETS 38,089 576

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 38,087 574
SHAREHOLDERS' FUNDS 38,089 576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

COOL GUYS AIR CONDITIONING LTD (REGISTERED NUMBER: 11285625)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 September 2023 and were signed by:





S D Deuchars - Director


COOL GUYS AIR CONDITIONING LTD (REGISTERED NUMBER: 11285625)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Cool Guys Air Conditioning Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


Each unit has been rounded to the nearest whole pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

COOL GUYS AIR CONDITIONING LTD (REGISTERED NUMBER: 11285625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 5,412 37,808 - 43,220
Additions - - 6,321 6,321
At 31 March 2023 5,412 37,808 6,321 49,541
DEPRECIATION
At 1 April 2022 3,772 35,228 - 39,000
Charge for year 862 1,679 39 2,580
At 31 March 2023 4,634 36,907 39 41,580
NET BOOK VALUE
At 31 March 2023 778 901 6,282 7,961
At 31 March 2022 1,640 2,580 - 4,220

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 100,482 38,164
Other debtors 27,538 25,855
128,020 64,019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,782 5,589
Trade creditors 42,519 540
Taxation and social security 20,917 7,428
Other creditors 29,815 15,055
103,033 28,612

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 29,166 39,682