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Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Aircon Hire Limited

Aircon Hire Limited (Registered number: 04179993)

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


Aircon 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: 04179993 (England and Wales)





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

Aircon Hire Limited (Registered number: 04179993)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 159,909 84,324

CURRENT ASSETS
Debtors 5 533,949 468,251
Cash at bank 113,400 156,270
647,349 624,521
CREDITORS
Amounts falling due within one year 6 194,605 292,518
NET CURRENT ASSETS 452,744 332,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

612,653

416,327

CREDITORS
Amounts falling due after more than one
year

7

(24,033

)

(34,083

)

PROVISIONS FOR LIABILITIES 8 (34,916 ) (8,697 )
NET ASSETS 553,704 373,547

CAPITAL AND RESERVES
Called up share capital 9 600 600
Retained earnings 553,104 372,947
SHAREHOLDERS' FUNDS 553,704 373,547

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 Statement of Income and Retained Earnings 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


Aircon Hire Limited (Registered number: 04179993)

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


1. STATUTORY INFORMATION

Aircon 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - Straight line over 3 years
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 3 (2022 - 2 ) .

Aircon Hire Limited (Registered number: 04179993)

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


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 March 2022 28,900 525,710 37,349 109,539 701,498
Additions - 98,244 2,197 32,666 133,107
Disposals - - - (12,801 ) (12,801 )
At 28 February 2023 28,900 623,954 39,546 129,404 821,804
DEPRECIATION
At 1 March 2022 10,618 512,084 33,974 60,498 617,174
Charge for year 2,890 24,959 2,090 27,583 57,522
Eliminated on disposal - - - (12,801 ) (12,801 )
At 28 February 2023 13,508 537,043 36,064 75,280 661,895
NET BOOK VALUE
At 28 February 2023 15,392 86,911 3,482 54,124 159,909
At 28 February 2022 18,282 13,626 3,375 49,041 84,324

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 92,654 40,418
Other debtors 2,565 818
Air Conditioning Hire Ltd Loan 423,278 423,278
Prepayments and accrued income 15,452 3,737
533,949 468,251

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,107 10,065
Trade creditors - 116
Tax 54,708 28,912
Social security and other taxes 1,846 1,000
VAT 12,655 8,080
Other creditors 7,270 7,384
Pension fund 458 263
Directors' current accounts 94,353 224,353
Deferred income 9,788 9,125
Accrued expenses 3,420 3,220
194,605 292,518

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,065 10,065
Bank loans - 2-5 years 13,968 24,018
24,033 34,083

Aircon Hire Limited (Registered number: 04179993)

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


8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 34,916 8,697

Deferred
tax
£   
Balance at 1 March 2022 8,697
Provided during year 26,219
Balance at 28 February 2023 34,916

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
600 Ordinary Shares £1 600 600

10. ULTIMATE CONTROLLING PARTY

The company is under the control of I Gardner.

11. CROSS GUARANTEE

There is a cross-guarantee in place in respect of bank facilities of parent company Air Conditioning Hire Limited.This is secured by way of a fixed and floating charge over the company.