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REGISTERED NUMBER: 02936776 (England and Wales)





HALLAMSHIRE HEATING & AIR-CONDITIONING
COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






HALLAMSHIRE HEATING & AIR-CONDITIONING
COMPANY LIMITED (REGISTERED NUMBER: 02936776)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HALLAMSHIRE HEATING & AIR-CONDITIONING
COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Mr R Scothorne



REGISTERED OFFICE: Callywhite Lane
Dronfield
Sheffield
Derbyshire
S18 2XR



REGISTERED NUMBER: 02936776 (England and Wales)



ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH



BANKERS: NatWest
5 Market Place
Chesterfield
S40 1TJ

HALLAMSHIRE HEATING & AIR-CONDITIONING
COMPANY LIMITED (REGISTERED NUMBER: 02936776)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 96,130 91,611

CURRENT ASSETS
Stocks 28,263 27,176
Debtors 6 498,308 611,798
Cash at bank and in hand 1,345,682 2,146,411
1,872,253 2,785,385
CREDITORS
Amounts falling due within one year 7 547,592 545,900
NET CURRENT ASSETS 1,324,661 2,239,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,420,791

2,331,096

PROVISIONS FOR LIABILITIES 22,299 20,930
NET ASSETS 1,398,492 2,310,166

CAPITAL AND RESERVES
Called up share capital 125 250
Retained earnings 1,398,367 2,309,916
SHAREHOLDERS' FUNDS 1,398,492 2,310,166

HALLAMSHIRE HEATING & AIR-CONDITIONING
COMPANY LIMITED (REGISTERED NUMBER: 02936776)

BALANCE SHEET - continued
31 JANUARY 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 13 October 2023 and were signed by:





Mr R Scothorne - Director


HALLAMSHIRE HEATING & AIR-CONDITIONING
COMPANY LIMITED (REGISTERED NUMBER: 02936776)

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


1. STATUTORY INFORMATION

Hallamshire Heating & Air-Conditioning Company Limited 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 (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
No significant judgements or estimates, all accounting policies are disclosed in the appropriate note to the financial statements. The directors consider no further disclosures are considered necessary.

Turnover
Turnover represents the value excluding Value Added Tax of the installation and servicing of air conditioning equipment supplied to customers during the year.

In respect of installation contracts, income is charged to the profit and loss account at the same point as the right to receive consideration has been acquired.

In respect of servicing contracts, all income is charged to the profit and loss account at the same point as the right to receive consideration has been acquired.

In respect of contracts running during multiple financial periods, income is charged to the profit and loss account in proportion to the expected income from each contract.

HALLAMSHIRE HEATING & AIR-CONDITIONING
COMPANY LIMITED (REGISTERED NUMBER: 02936776)

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


3. ACCOUNTING POLICIES - continued

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

HALLAMSHIRE HEATING & AIR-CONDITIONING
COMPANY LIMITED (REGISTERED NUMBER: 02936776)

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


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 17 ) .

HALLAMSHIRE HEATING & AIR-CONDITIONING
COMPANY LIMITED (REGISTERED NUMBER: 02936776)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 38,717 17,274 238,508 22,138 316,637
Additions 5,181 - 24,000 1,735 30,916
Disposals - - (19,545 ) - (19,545 )
At 31 January 2023 43,898 17,274 242,963 23,873 328,008
DEPRECIATION
At 1 February 2022 18,399 13,818 173,078 19,731 225,026
Charge for year 3,512 517 19,107 1,028 24,164
Eliminated on disposal - - (17,312 ) - (17,312 )
At 31 January 2023 21,911 14,335 174,873 20,759 231,878
NET BOOK VALUE
At 31 January 2023 21,987 2,939 68,090 3,114 96,130
At 31 January 2022 20,318 3,456 65,430 2,407 91,611

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 381,202 479,590
Amounts recoverable on contract 34,535 121,147
Other debtors 82,571 11,061
498,308 611,798

HALLAMSHIRE HEATING & AIR-CONDITIONING
COMPANY LIMITED (REGISTERED NUMBER: 02936776)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 112 -
Trade creditors 294,666 356,218
Taxation and social security 129,008 158,288
Other creditors 123,806 31,394
547,592 545,900

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
Mr R Scothorne
Balance outstanding at start of year - 40,065
Amounts advanced 31,634 -
Amounts repaid - (40,065 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,634 -

Mr A Shaw
Balance outstanding at start of year - 45,000
Amounts repaid - (45,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The amount of £31,634 was loaned to Mr R Scothorne, who is a director and shareholder. The interest rate charge in respect of this loan is 0%.

9. RELATED PARTY DISCLOSURES

Key management personnel remuneration in the year totalled £21,324 (2022: £19,113).