Company Registration No. 10809606 (England and Wales)
N & S Air Conditioning Ltd
Unaudited accounts
for the year ended 30 June 2023
N & S Air Conditioning Ltd
Unaudited accounts
Contents
N & S Air Conditioning Ltd
Company Information
for the year ended 30 June 2023
Director
Shane Roger Treharne
Company Number
10809606 (England and Wales)
Registered Office
BLACKROCK BRECON ROAD
HIRWAUN
ABERDARE
CF44 9NS
WALES
Accountants
Evans Entwistle
Venta House
Maes-glas
Newport
NP20 2NS
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
N & S Air Conditioning Ltd
for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of N & S Air Conditioning Ltd for the year ended 30 June 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Venta House
Maes-glas
Newport
NP20 2NS
26 September 2023
N & S Air Conditioning Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
66,259
27,696
Cash at bank and in hand
48,464
1,667
Creditors: amounts falling due within one year
(63,245)
(101,120)
Net current assets
44,747
62,093
Total assets less current liabilities
111,006
89,789
Creditors: amounts falling due after more than one year
(9,550)
-
Provisions for liabilities
Deferred tax
(12,589)
(5,262)
Called up share capital
2
2
Profit and loss account
88,865
84,525
Shareholders' funds
88,867
84,527
For the year ending 30 June 2023 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 director acknowledges his 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 and authorised for issue on 26 September 2023 and were signed on its behalf by
Shane Roger Treharne
Director
Company Registration No. 10809606
N & S Air Conditioning Ltd
Notes to the Accounts
for the year ended 30 June 2023
N & S Air Conditioning Ltd is a private company, limited by shares, registered in England and Wales, registration number 10809606. The registered office is BLACKROCK BRECON ROAD, HIRWAUN, ABERDARE, CF44 9NS, WALES.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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:
Motor vehicles
25% straight-line
Fixtures & fittings
25% straight-line
Computer equipment
25% straight-line
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
N & S Air Conditioning Ltd
Notes to the Accounts
for the year ended 30 June 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
84,342
2,092
3,035
89,469
Additions
65,949
-
-
65,949
At 30 June 2023
150,291
2,092
3,035
155,418
At 1 July 2022
58,222
1,256
2,295
61,773
Charge for the year
26,678
-
708
27,386
At 30 June 2023
84,900
1,256
3,003
89,159
At 30 June 2023
65,391
836
32
66,259
At 30 June 2022
26,120
836
740
27,696
Amounts falling due within one year
Trade debtors
59,528
160,290
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
7,162
2,237
Trade creditors
35,516
41,981
Taxes and social security
10,943
23,813
Loans from directors
-
288
N & S Air Conditioning Ltd
Notes to the Accounts
for the year ended 30 June 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
9,550
-
8
Deferred taxation
2023
2022
Accelerated capital allowances
12,589
5,262
Provision at start of year
5,262
4,565
Charged to the profit and loss account
7,327
697
Provision at end of year
12,589
5,262
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Average number of employees
During the year the average number of employees was 7 (2022: 7).