IRIS Accounts Production v23.2.0.158 05633632 Board of Directors Board of Directors 1.2.22 31.1.23 31.1.23 false true false false false true false 19806 12557 7249 10857 8949 19806 19806 12557 7249 10857 8949 19806 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure056336322022-01-31056336322023-01-31056336322022-02-012023-01-31056336322021-10-31056336322021-11-012022-01-31056336322022-01-3105633632ns16:EnglandWales2022-02-012023-01-3105633632ns15:PoundSterling2022-02-012023-01-3105633632ns11:Director12022-02-012023-01-3105633632ns11:Director22022-02-012023-01-3105633632ns11:Director32022-02-012023-01-3105633632ns11:PrivateLimitedCompanyLtd2022-02-012023-01-3105633632ns11:SmallEntities2022-02-012023-01-3105633632ns11:AuditExempt-NoAccountantsReport2022-02-012023-01-3105633632ns11:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3105633632ns11:SmallCompaniesRegimeForAccounts2022-02-012023-01-3105633632ns11:FullAccounts2022-02-012023-01-310563363212022-02-012023-01-310563363242ns11:Director22022-01-310563363242ns11:Director22021-10-310563363242ns11:Director22021-11-012022-01-310563363242ns11:Director22022-02-012023-01-310563363242ns11:Director22023-01-310563363242ns11:Director22022-01-3105633632ns11:CompanySecretary12022-02-012023-01-3105633632ns11:RegisteredOffice2022-02-012023-01-3105633632ns6:CurrentFinancialInstruments2023-01-3105633632ns6:CurrentFinancialInstruments2022-01-3105633632ns6:Non-currentFinancialInstruments2023-01-3105633632ns6:Non-currentFinancialInstruments2022-01-3105633632ns6:ShareCapital2023-01-3105633632ns6:ShareCapital2022-01-3105633632ns6:RetainedEarningsAccumulatedLosses2023-01-3105633632ns6:RetainedEarningsAccumulatedLosses2022-01-3105633632ns6:NetGoodwill2022-02-012023-01-3105633632ns6:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3105633632ns6:FurnitureFittings2022-02-012023-01-3105633632ns6:MotorVehicles2022-02-012023-01-3105633632ns6:NetGoodwill2022-01-3105633632ns6:NetGoodwill2023-01-3105633632ns6:NetGoodwill2022-01-3105633632ns6:FurnitureFittings2022-01-3105633632ns6:MotorVehicles2022-01-3105633632ns6:FurnitureFittings2023-01-3105633632ns6:MotorVehicles2023-01-3105633632ns6:FurnitureFittings2022-01-3105633632ns6:MotorVehicles2022-01-3105633632ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-01-3105633632ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-02-012023-01-3105633632ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2023-01-3105633632ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-01-3105633632ns6:WithinOneYearns6:CurrentFinancialInstruments2023-01-3105633632ns6:WithinOneYearns6:CurrentFinancialInstruments2022-01-31056336323ns11:Director32022-01-31056336323ns11:Director32021-10-31056336323ns11:Director32022-02-012023-01-31056336323ns11:Director32021-11-012022-01-31056336323ns11:Director32023-01-31056336323ns11:Director32022-01-3105633632ns11:Director112022-01-3105633632ns11:Director112021-10-3105633632ns11:Director112022-02-012023-01-3105633632ns11:Director112021-11-012022-01-3105633632ns11:Director112023-01-3105633632ns11:Director112022-01-31
REGISTERED NUMBER: 05633632 (England and Wales)








REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

TROUGHTON AIR CONDITIONING LIMITED

TROUGHTON AIR CONDITIONING LIMITED (REGISTERED NUMBER: 05633632)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 8


TROUGHTON AIR CONDITIONING LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2023







DIRECTORS: Mr I J Troughton
Mrs J Troughton
Mr K A Edginton



SECRETARY: Mrs J Troughton



REGISTERED OFFICE: Britannic House
657 Liverpool Road
Irlam
Manchester
M44 5XD



BUSINESS ADDRESS: 51 Cornhill Road
Urmston
Manchester
Greater Manchester
M41 5TD



REGISTERED NUMBER: 05633632 (England and Wales)



ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD



BANKERS: Lloyds TSB Bank Plc
76 Stamford New Road
Altrincham
Cheshire
WA14 1BS

TROUGHTON AIR CONDITIONING LIMITED (REGISTERED NUMBER: 05633632)

REPORT OF THE DIRECTORS
for the Year Ended 31 January 2023

The directors present their report with the financial statements of the company for the year ended 31 January 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of fitting, supply and maintenance of air conditioning units.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2022 to the date of this report.

Mr I J Troughton
Mrs J Troughton
Mr K A Edginton

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr I J Troughton - Director


19 October 2023

TROUGHTON AIR CONDITIONING LIMITED (REGISTERED NUMBER: 05633632)

BALANCE SHEET
31 January 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 62,368 84,813
62,368 84,813

CURRENT ASSETS
Stocks 7,137 8,120
Debtors 6 281,184 209,985
Cash at bank 124,971 43,205
413,292 261,310
CREDITORS
Amounts falling due within one year 7 (282,523 ) (156,443 )
NET CURRENT ASSETS 130,769 104,867
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,137

189,680

CREDITORS
Amounts falling due after more than one
year

8

(6,867

)

(25,799

)

PROVISIONS FOR LIABILITIES (11,850 ) (16,114 )
NET ASSETS 174,420 147,767

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 174,410 147,757
SHAREHOLDERS' FUNDS 174,420 147,767

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.

TROUGHTON AIR CONDITIONING LIMITED (REGISTERED NUMBER: 05633632)

BALANCE SHEET - continued
31 January 2023


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 Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:




Mr K A Edginton - Director



Mrs J Troughton - Director


TROUGHTON AIR CONDITIONING LIMITED (REGISTERED NUMBER: 05633632)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Troughton Air Conditioning 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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 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.

TROUGHTON AIR CONDITIONING LIMITED (REGISTERED NUMBER: 05633632)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 30,000
AMORTISATION
At 1 February 2022
and 31 January 2023 30,000
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

TROUGHTON AIR CONDITIONING LIMITED (REGISTERED NUMBER: 05633632)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2022 9,111 149,090 158,201
Disposals - (9,912 ) (9,912 )
At 31 January 2023 9,111 139,178 148,289
DEPRECIATION
At 1 February 2022 8,421 64,967 73,388
Charge for year 172 20,825 20,997
Eliminated on disposal - (8,464 ) (8,464 )
At 31 January 2023 8,593 77,328 85,921
NET BOOK VALUE
At 31 January 2023 518 61,850 62,368
At 31 January 2022 690 84,123 84,813

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2022
and 31 January 2023 139,178
DEPRECIATION
At 1 February 2022 56,710
Charge for year 20,618
At 31 January 2023 77,328
NET BOOK VALUE
At 31 January 2023 61,850
At 31 January 2022 82,468

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 245,852 174,631
Other debtors 35,332 35,354
281,184 209,985

TROUGHTON AIR CONDITIONING LIMITED (REGISTERED NUMBER: 05633632)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Hire purchase contracts 15,450 16,993
Trade creditors 213,088 81,904
Taxation and social security 50,439 50,130
Other creditors 3,546 7,416
282,523 156,443

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Hire purchase contracts 6,867 25,799

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.1.23 31.1.22
£    £   
Mr I J Troughton and Mrs J Troughton
Balance outstanding at start of year 19,806 12,557
Amounts advanced - 7,249
Amounts repaid (10,857 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,949 19,806

Mr K A Edginton
Balance outstanding at start of year 9,903 9,700
Amounts advanced - 203
Amounts repaid (5,429 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,474 9,903

10. ULTIMATE CONTROLLING PARTY

The company was under the control of its directors throughout the year.