2022-05-31 14144964 2023-05-31 14144964 2022-05-31 2023-05-31 14144964 uk-core:WithinOneYear 2023-05-31 14144964 uk-core:ShareCapital 2023-05-31 14144964 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 14144964 uk-bus:Director1 2022-05-31 2023-05-31 14144964 uk-core:PlantMachinery 2022-05-31 2023-05-31 iso4217:GBP xbrli:pure 14144964 uk-bus:AuditExemptWithAccountantsReport 2022-05-31 2023-05-31 14144964 uk-bus:FRS102 2022-05-31 2023-05-31 14144964 uk-bus:FilletedAccounts 2022-05-31 2023-05-31 14144964 uk-bus:PrivateLimitedCompanyLtd 2022-05-31 2023-05-31
Climatech Cooling and Heating Limited
Registered Number:14144964
For the period ended 31 May 2023
England and Wales
Unaudited Financial Statements
2
For the period ended 31 May 2023
Climatech Cooling and Heating Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
14144964
As at 31 May 2023
Climatech Cooling and Heating Limited
Statement of Financial Position
£
2023
Notes
Fixed assets
Property, plant and equipment
200
2
200
Current assets
Inventories
100
3
Cash and cash equivalents
4,082
4,182
Trade and other payables: amounts falling due within one
year
(2,505)
4
1,677
Net current assets
Total assets less current liabilities
1,877
(38)
Provisions for liabilities
1,839
Net assets/liabilities
Capital and reserves
Called up share capital
100
Retained earnings
1,739
1,839
Shareholders' funds
For the period ended 31 May 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Pete Schofield Director
These financial statements were approved and authorised for issue by the Board on 08 March 2024 and were signed by:
The notes form part of these financial statements
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For the period ended 31 May 2023
Climatech Cooling and Heating Limited
Notes to the Financial Statements
Statutory Information
Climatech Cooling and Heating Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 14144964.
Registered address:
A M P Technology Centre Brunel Way
Catcliffe
Rotherham
S60 5WF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents the net invoiced value of air conditioning unit supplies, installations and repairs, excluding value added tax. Turnover is recognised on the completion of each contract assignment, in accordance with the contract terms.
Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Plant & Machinery - 20% on reducing balance method.
Plant and Machinery
20% Reducing balance
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover and the related costs.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transcation price.
Any losses arising from impairment are recognised in the statement of comprehensive income within administrative
expenses.
Impairment
At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the
individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the
assest cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds
its recoverable amount, an impairment loss is recognised in the statement of comprehensive income.
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For the period ended 31 May 2023
Climatech Cooling and Heating Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
Machinery
£
Cost or
valuation
250
Additions
At 31 May 2023
250
Provision for depreciation and impairment
Charge for period
50
At 31 May 2023
50
At 31 May 2023
Net book value
200
3. Inventories
2023
£
Stocks
100
4. Trade and other payables: amounts falling due within one year
2023
£
Taxation and social security
569
Other creditors
1,936
2,505
5. Average number of persons employed
During the year the average number of employees was 4
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