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Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Air Conditioning Hire Limited

Air Conditioning Hire Limited (Registered number: 08534472)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Air Conditioning Hire Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: I Gardner





REGISTERED OFFICE: 8/10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 08534472 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Air Conditioning Hire Limited (Registered number: 08534472)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 949,568 959,563
Investments 5 411,362 411,362
1,360,930 1,370,925

CURRENT ASSETS
Debtors 6 100 100
Cash at bank 1,102 4,322
1,202 4,422
CREDITORS
Amounts falling due within one year 7 504,541 471,004
NET CURRENT LIABILITIES (503,339 ) (466,582 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

857,591

904,343

CREDITORS
Amounts falling due after more than one
year

8

519,913

576,706
NET ASSETS 337,678 327,637

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 337,578 327,537
SHAREHOLDERS' FUNDS 337,678 327,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 11 October 2023 and were signed by:





I Gardner - Director


Air Conditioning Hire Limited (Registered number: 08534472)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Air Conditioning Hire 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

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 NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 March 2022
and 28 February 2023 999,545
DEPRECIATION
At 1 March 2022 39,982
Charge for year 9,995
At 28 February 2023 49,977
NET BOOK VALUE
At 28 February 2023 949,568
At 28 February 2022 959,563

Air Conditioning Hire Limited (Registered number: 08534472)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2022
and 28 February 2023 411,362
NET BOOK VALUE
At 28 February 2023 411,362
At 28 February 2022 411,362

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Aircon Hire Limited
Registered office:
Nature of business: Hire & Installation of air conditioning units
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves 553,704 373,547
Profit for the year 300,157 131,550

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 100 100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 76,562 41,836
Tax 4,701 5,890
Aircon Hire Limited loan 423,278 423,278
504,541 471,004

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 76,562 41,836
Bank loans - 2-5 years 229,685 125,509
Bank loans more 5 yr by instal 213,666 409,361
519,913 576,706

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 213,666 409,361

Air Conditioning Hire Limited (Registered number: 08534472)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 596,475 618,542

The bank loan is secured by way of a fixed and floating charge over the company. The loan is cross guaranteed by the company's subsidiary Aircon Hire Limited.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is I Gardner.