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REGISTERED NUMBER: 13721202 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

South Essex Air Conditioning Limited

South Essex Air Conditioning Limited (Registered number: 13721202)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


South Essex Air Conditioning Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: B J Evans
J Ozsoy





SECRETARY: B J Evans





REGISTERED OFFICE: Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP





REGISTERED NUMBER: 13721202 (England and Wales)





ACCOUNTANTS: Havard & Associates
Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP

South Essex Air Conditioning Limited (Registered number: 13721202)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 865 -

CURRENT ASSETS
Debtors 5 100,083 32,585
Cash at bank 10,538 617
110,621 33,202
CREDITORS
Amounts falling due within one year 6 61,199 7,883
NET CURRENT ASSETS 49,422 25,319
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,287

25,319

PROVISIONS FOR LIABILITIES 216 -
NET ASSETS 50,071 25,319

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 49,971 25,219
50,071 25,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

South Essex Air Conditioning Limited (Registered number: 13721202)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:




B J Evans - Director



J Ozsoy - Director


South Essex Air Conditioning Limited (Registered number: 13721202)

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

1. STATUTORY INFORMATION

South Essex 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

South Essex Air Conditioning Limited (Registered number: 13721202)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,248
At 31 March 2023 1,248
DEPRECIATION
Charge for year 383
At 31 March 2023 383
NET BOOK VALUE
At 31 March 2023 865

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 2,795 -
Other debtors 97,288 32,585
100,083 32,585

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 5,612 1,592
Taxation and social security 26,404 5,916
Other creditors 29,183 375
61,199 7,883

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.23 31.3.22
£    £   
B J Evans
Balance outstanding at start of year 12,501 -
Amounts advanced 15,477 12,501
Amounts repaid (12,501 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,477 12,501

South Essex Air Conditioning Limited (Registered number: 13721202)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

J Ozsoy
Balance outstanding at start of year 12,501 -
Amounts advanced 15,885 12,501
Amounts repaid (12,501 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,885 12,501

Interest at a rate of 2.5% per annum has been charged on the above loan, where necessary, using a methodology approved by the UK tax authority.