IRIS Accounts Production v23.3.1.45 SC267201 Board of Directors Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2672012022-05-31SC2672012023-05-31SC2672012022-06-012023-05-31SC2672012021-05-31SC2672012021-06-012022-05-31SC2672012022-05-31SC267201ns10:Originalns15:Scotland2022-06-012023-05-31SC267201ns14:PoundSterlingns10:Original2022-06-012023-05-31SC267201ns10:Originalns10:Director12022-06-012023-05-31SC267201ns10:Original2022-06-012023-05-31SC267201ns10:Originalns10:Director22022-06-012023-05-31SC267201ns10:Original2023-05-31SC267201ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-31SC267201ns10:Originalns10:SmallEntities2022-06-012023-05-31SC267201ns10:Originalns10:AuditExemptWithAccountantsReport2022-06-012023-05-31SC267201ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-31SC267201ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-31SC267201ns10:Originalns10:FullAccounts2022-06-012023-05-31SC267201ns10:CompanySecretary1ns10:Original2022-06-012023-05-31SC267201ns10:Originalns10:RegisteredOffice2022-06-012023-05-31SC267201ns10:Original2022-05-31SC267201ns10:Originalns5:CurrentFinancialInstruments2023-05-31SC267201ns10:Originalns5:CurrentFinancialInstruments2022-05-31SC267201ns5:ShareCapitalns10:Original2023-05-31SC267201ns5:ShareCapitalns10:Original2022-05-31SC267201ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-31SC267201ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-31SC267201ns10:Originalns5:PlantMachinery2022-06-012023-05-31SC267201ns10:Original2021-06-012022-05-31SC267201ns10:Originalns5:PlantMachinery2022-05-31SC267201ns10:Originalns5:PlantMachinery2023-05-31SC267201ns10:Originalns5:PlantMachinery2022-05-31SC267201ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31SC267201ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-31
REGISTERED NUMBER: SC267201 (Scotland)







Unaudited Financial Statements

For The Year Ended 31st May 2023

for

Clyde Refrigeration & Air Conditioning
Limited

Clyde Refrigeration & Air Conditioning
Limited (Registered number: SC267201)






Contents of the Financial Statements
For The Year Ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Clyde Refrigeration & Air Conditioning
Limited

Company Information
For The Year Ended 31st May 2023







DIRECTORS: C H Dickie
S W Bridges





SECRETARY: S W Bridges





REGISTERED OFFICE: 8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP





REGISTERED NUMBER: SC267201 (Scotland)





ACCOUNTANTS: J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP

Clyde Refrigeration & Air Conditioning
Limited (Registered number: SC267201)

Balance Sheet
31st May 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 61,381 67,171

CURRENT ASSETS
Stocks 43,741 46,847
Debtors 5 116,698 76,053
Cash at bank 203,317 173,376
363,756 296,276
CREDITORS
Amounts falling due within one year 6 (87,659 ) (68,296 )
NET CURRENT ASSETS 276,097 227,980
TOTAL ASSETS LESS CURRENT
LIABILITIES

337,478

295,151

PROVISIONS FOR LIABILITIES (10,365 ) (12,745 )
NET ASSETS 327,113 282,406

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 327,013 282,306
SHAREHOLDERS' FUNDS 327,113 282,406

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

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

Clyde Refrigeration & Air Conditioning
Limited (Registered number: SC267201)

Balance Sheet - continued
31st May 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 9th February 2024 and were signed on its behalf by:




S W Bridges - Director



C H Dickie - Director


Clyde Refrigeration & Air Conditioning
Limited (Registered number: SC267201)

Notes to the Financial Statements
For The Year Ended 31st May 2023

1. STATUTORY INFORMATION

Clyde Refrigeration & Air Conditioning Limited is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 10% 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 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.

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.

Clyde Refrigeration & Air Conditioning
Limited (Registered number: SC267201)

Notes to the Financial Statements - continued
For The Year Ended 31st May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st June 2022 286,639
Additions 14,023
At 31st May 2023 300,662
DEPRECIATION
At 1st June 2022 219,468
Charge for year 19,813
At 31st May 2023 239,281
NET BOOK VALUE
At 31st May 2023 61,381
At 31st May 2022 67,171

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 115,886 76,053
Other debtors 812 -
116,698 76,053

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 20,692 24,233
Taxation and social security 61,348 38,287
Other creditors 5,619 5,776
87,659 68,296

Clyde Refrigeration & Air Conditioning
Limited

Report of the Accountants to the Directors of
Clyde Refrigeration & Air Conditioning
Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st May 2023 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP


9th February 2024