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REGISTERED NUMBER: 05189707 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Comfort-Tech Ltd

Comfort-Tech Ltd (Registered number: 05189707)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Comfort-Tech Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: T Collingwood
Mrs A Collingwood





SECRETARY: Mrs A Collingwood





REGISTERED OFFICE: The Barn
Overseal Road
Lullington
Swadlincote
Derbyshire
DE12 8ED





REGISTERED NUMBER: 05189707 (England and Wales)





ACCOUNTANTS: Bourne & Co
Chartered Accountants
6 Lichfield Street
Burton-on-Trent
Staffordshire
DE14 3RD

Comfort-Tech Ltd (Registered number: 05189707)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,617 21,589

CURRENT ASSETS
Stocks 77,178 3,512
Debtors 5 706,189 124,536
Cash at bank 377,444 339,676
1,160,811 467,724
CREDITORS
Amounts falling due within one year 6 813,138 284,657
NET CURRENT ASSETS 347,673 183,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

364,290

204,656

CREDITORS
Amounts falling due after more than
one year

7

(19,908

)

(29,923

)

PROVISIONS FOR LIABILITIES (2,859 ) (4,102 )
NET ASSETS 341,523 170,631

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 341,423 170,531
SHAREHOLDERS' FUNDS 341,523 170,631

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

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

Comfort-Tech Ltd (Registered number: 05189707)

Balance Sheet - continued
31 August 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 1 February 2024 and were signed on its behalf by:





Mrs A Collingwood - Director


Comfort-Tech Ltd (Registered number: 05189707)

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

1. STATUTORY INFORMATION

Comfort-Tech Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making 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.


Comfort-Tech Ltd (Registered number: 05189707)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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 two defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to the profit and loss account in the period to which they relate.

Debtors
Short term debtors are measured at transaction price less any impairment. Any losses arising from impairment are recognised in profit or loss.

Creditors
Short term creditors are measured at transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Comfort-Tech Ltd (Registered number: 05189707)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 44,865
DEPRECIATION
At 1 September 2022 23,276
Charge for year 4,972
At 31 August 2023 28,248
NET BOOK VALUE
At 31 August 2023 16,617
At 31 August 2022 21,589

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 701,335 118,930
Prepayments 4,854 5,606
706,189 124,536

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,015 9,767
Trade creditors 537,175 193,156
Tax 72,832 46,995
Social security and other taxes 175,554 23,229
Other creditors 257 2,524
Directors' current accounts 18 3,856
Accrued expenses 17,287 5,130
813,138 284,657

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Other loans - 2-5 years 19,908 29,923

Comfort-Tech Ltd (Registered number: 05189707)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary £1 100 100

9. OTHER FINANCIAL COMMITMENTS

At the reporting date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases totalling £22,322 (2022: £13,279).