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REGISTERED NUMBER: 03664607 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Technicool Air Conditioning Limited

Technicool Air Conditioning Limited (Registered number: 03664607)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Technicool Air Conditioning Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr C P Constable
Mrs K Constable
Mr S Fox





REGISTERED OFFICE: Unit A, Redlands
Ullswater Crescent
Coulsdon
Surrey
CR5 2HT





REGISTERED NUMBER: 03664607 (England and Wales)





ACCOUNTANTS: Nichols & Co ( Accountancy ) Limited
Chartered Accountants
Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR

Technicool Air Conditioning Limited (Registered number: 03664607)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 273,485 292,821
Investments 6 - 100
273,485 292,921

CURRENT ASSETS
Stocks 30,500 50,951
Debtors 7 1,096,832 1,071,503
Cash at bank 166,397 393,499
1,293,729 1,515,953
CREDITORS
Amounts falling due within one year 8 (1,034,423 ) (771,423 )
NET CURRENT ASSETS 259,306 744,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

532,791

1,037,451

CREDITORS
Amounts falling due after more than one year 9 (113,879 ) (302,441 )
NET ASSETS 418,912 735,010

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 418,812 734,910
SHAREHOLDERS' FUNDS 418,912 735,010

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.

Technicool Air Conditioning Limited (Registered number: 03664607)

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 6 November 2023 and were signed on its behalf by:





Mrs K Constable - Director


Technicool Air Conditioning Limited (Registered number: 03664607)

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

1. STATUTORY INFORMATION

Technicool 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 five 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

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 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.


Technicool Air Conditioning Limited (Registered number: 03664607)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2022
and 31 March 2023 179,385
AMORTISATION
At 1 April 2022
and 31 March 2023 179,385
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Technicool Air Conditioning Limited (Registered number: 03664607)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£ £ £
COST
At 1 April 2022 58,567 29,678 15,428
Additions 2,482 - 2,565
Disposals - - -
At 31 March 2023 61,049 29,678 17,993
DEPRECIATION
At 1 April 2022 58,567 20,640 11,677
Charge for year 496 1,808 1,263
Eliminated on disposal - - -
At 31 March 2023 59,063 22,448 12,940
NET BOOK VALUE
At 31 March 2023 1,986 7,230 5,053
At 31 March 2022 - 9,038 3,751

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 April 2022 416,245 26,961 546,879
Additions 63,990 2,691 71,728
Disposals (37,757 ) - (37,757 )
At 31 March 2023 442,478 29,652 580,850
DEPRECIATION
At 1 April 2022 145,629 17,545 254,058
Charge for year 69,789 2,421 75,777
Eliminated on disposal (22,470 ) - (22,470 )
At 31 March 2023 192,948 19,966 307,365
NET BOOK VALUE
At 31 March 2023 249,530 9,686 273,485
At 31 March 2022 270,616 9,416 292,821

Technicool Air Conditioning Limited (Registered number: 03664607)

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

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 April 2022 100
Disposals (100 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Trade debtors 961,943 766,667
Amounts owed by group undertakings - 247,580
Other debtors 29,720 28,813
VAT 54,592 6,094
Prepayments and accrued income 50,577 22,349
1,096,832 1,071,503

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Other loans - 55,492
Hire purchase contracts (see note 10) 50,083 35,282
Trade creditors 682,790 316,867
Corporation tax 18,786 86,646
Social security and other taxes 78,224 44,280
Pension 2,976 4,085
Other creditors 715 715
Credit card 93,340 9,064
Directors' current accounts 107 12,456
Accrued expenses 107,402 206,536
1,034,423 771,423

Technicool Air Conditioning Limited (Registered number: 03664607)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£ £
Other loans - 2-5 years - 186,320
Hire purchase contracts (see note 10) 113,879 116,121
113,879 302,441

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.23 31.3.22
£ £
Net obligations repayable:
Within one year 50,083 35,282
Between one and five years 113,879 116,121
163,962 151,403

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £ £
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£

At 1 April 2022 734,910
Deficit for the year (150,298 )
Dividends (165,800 )
At 31 March 2023 418,812

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed £108 (2022 £12,456) to Mr and Mrs Constable, directors of the company. The loan is interest free and repayable on demand.

14. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.