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Registration number: 04117360

Anaco Air Conditioning Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Anaco Air Conditioning Limited

Contents


 

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Anaco Air Conditioning Limited

Registration number: 04117360

Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

75,815

66,481

Current assets

 

Debtors

5

109,992

128,198

Cash at bank and in hand

 

348,790

326,184

 

458,782

454,382

Creditors: Amounts falling due within one year

6

(126,944)

(153,389)

Net current assets

 

331,838

300,993

Total assets less current liabilities

 

407,653

367,474

Creditors: Amounts falling due after more than one year

6

(22,839)

(19,436)

Provisions for liabilities

(14,405)

(12,632)

Net assets

 

370,409

335,406

Capital and reserves

 

Called up share capital

1,000

1,000

Profit and loss account

369,409

334,406

Total equity

 

370,409

335,406



The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

 

Anaco Air Conditioning Limited

Registration number: 04117360

Balance Sheet as at 31 March 2023 (continued)

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 October 2023 and signed on its behalf by:
 


N P Middleton
Director


A P Goodson
Company secretary and director

 

Anaco Air Conditioning Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
The Old Dairy
Mill Road
Barnham Broom
Norfolk
NR9 4DE

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Anaco Air Conditioning Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

2

Accounting policies (continued)

Government grants

Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets. Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% Reducing balance method

Plant and machinery

25% Straight line method

Computer equipment

25% Straight line method

 

Anaco Air Conditioning Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2022 - 10).

 

Anaco Air Conditioning Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

18,911

141,613

9,954

170,478

Additions

-

27,936

4,348

32,284

Disposals

-

(27,318)

-

(27,318)

At 31 March 2023

18,911

142,231

14,302

175,444

Depreciation

At 1 April 2022

15,167

79,827

9,003

103,997

Charge for the year

1,655

17,526

456

19,637

Eliminated on disposal

-

(24,005)

-

(24,005)

At 31 March 2023

16,822

73,348

9,459

99,629

Carrying amount

At 31 March 2023

2,089

68,883

4,843

75,815

At 31 March 2022

3,744

61,786

951

66,481

5

Debtors

 

Anaco Air Conditioning Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

5

Debtors (continued)

Current

2023
£

2022
£

Trade debtors

102,281

123,700

Prepayments

5,282

2,027

Other debtors

2,429

2,471

 

109,992

128,198

 

Anaco Air Conditioning Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Hire purchase contracts

11,848

12,065

Trade creditors

 

54,246

53,034

Directors Loan Accounts

7,469

7,469

Taxation and social security

 

5,508

14,806

Other creditors

 

10,052

33,134

Corporation Tax

 

37,821

32,881

 

126,944

153,389

Due after one year

 

Hire purchase contracts

22,839

19,436

Hire purchase contracts are secured over the related assets.

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares class 1 of £1 each

1,000

1,000

1,000

1,000