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REGISTERED NUMBER: 03243025 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Absolute Zero Air Conditioning Limited

Absolute Zero Air Conditioning Limited (Registered number: 03243025)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Absolute Zero Air Conditioning Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: S J Hurst





REGISTERED OFFICE:
The Gatehouse
Gatehouse Way
Aylesbury
Buckinghamshire
HP19 8DB





REGISTERED NUMBER: 03243025 (England and Wales)





ACCOUNTANTS: Aspen Waite South Ltd
Boston House
Grove Business Park
Wantage
Oxfordshire
OX12 9FF

Absolute Zero Air Conditioning Limited (Registered number: 03243025)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,062 3,263

CURRENT ASSETS
Stocks 5,000 3,500
Debtors 5 53,231 107,127
Cash at bank 126 86
58,357 110,713
CREDITORS
Amounts falling due within one year 6 22,399 50,013
NET CURRENT ASSETS 35,958 60,700
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,020

63,963

CAPITAL AND RESERVES
Called up share capital 7 1 2
Retained earnings 38,019 63,961
SHAREHOLDERS' FUNDS 38,020 63,963

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 January 2024 and were signed by:





S J Hurst - Director


Absolute Zero Air Conditioning Limited (Registered number: 03243025)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Absolute Zero 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% straight line

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Absolute Zero Air Conditioning Limited (Registered number: 03243025)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 29,463 18,183 3,950 51,596
Disposals - - (2,182 ) (2,182 )
At 30 June 2023 29,463 18,183 1,768 49,414
DEPRECIATION
At 1 July 2022 29,386 15,755 3,192 48,333
Charge for year 19 607 575 1,201
Eliminated on disposal - - (2,182 ) (2,182 )
At 30 June 2023 29,405 16,362 1,585 47,352
NET BOOK VALUE
At 30 June 2023 58 1,821 183 2,062
At 30 June 2022 77 2,428 758 3,263

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 52,577 106,727
Other debtors 654 400
53,231 107,127

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 2,588 9,332
Trade creditors 9,156 20,879
Taxation and social security 6,722 16,647
Other creditors 3,933 3,155
22,399 50,013

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
2 Ordinary £1 1 2