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REGISTERED NUMBER: 11750121 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Air-Conditioning Refrigeration
Technologies Limited

Air-Conditioning Refrigeration
Technologies Limited (Registered number: 11750121)

Contents of the Financial Statements
for the year ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Air-Conditioning Refrigeration
Technologies Limited

Company Information
for the year ended 31 January 2023







DIRECTORS: J Abbink
Ms S Goodier





REGISTERED OFFICE: Unit 19 Cratfield Road
Bury St Edmunds
Suffolk
IP32 7DF





REGISTERED NUMBER: 11750121 (England and Wales)





ACCOUNTANTS: FWD Accounts Limited
7 Forbes Business Centre
Kempson Way
Bury St Edmunds
Suffolk
IP32 7AR

Air-Conditioning Refrigeration
Technologies Limited (Registered number: 11750121)

Balance Sheet
31 January 2023

31/1/23 31/1/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 55,992 71,953

CURRENT ASSETS
Stocks 55,152 62,393
Debtors 4 258,459 121,173
Cash at bank 73,328 47,981
386,939 231,547
CREDITORS
Amounts falling due within one year 5 331,920 220,007
NET CURRENT ASSETS 55,019 11,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,011

83,493

PROVISIONS FOR LIABILITIES 10,638 -
NET ASSETS 100,373 83,493

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 100,372 83,492
100,373 83,493

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 directors acknowledge their 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 Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





J Abbink - Director


Air-Conditioning Refrigeration
Technologies Limited (Registered number: 11750121)

Notes to the Financial Statements
for the year ended 31 January 2023


1. 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

Air-Conditioning Refrigeration
Technologies Limited (Registered number: 11750121)

Notes to the Financial Statements - continued
for the year ended 31 January 2023


3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 116,502
Disposals (4,167 )
At 31 January 2023 112,335
DEPRECIATION
At 1 February 2022 44,549
Charge for year 15,961
Eliminated on disposal (4,167 )
At 31 January 2023 56,343
NET BOOK VALUE
At 31 January 2023 55,992
At 31 January 2022 71,953

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Trade debtors 258,459 121,173

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Trade creditors 172,034 87,478
Taxation and social security 85,374 72,573
Other creditors 74,512 59,956
331,920 220,007