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REGISTERED NUMBER: 03749696 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Green Air Conditioning Limited

Green Air Conditioning Limited (Registered number: 03749696)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Green Air Conditioning Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: S J Green
Mrs J Green





REGISTERED OFFICE: 14, The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST





REGISTERED NUMBER: 03749696 (England and Wales)





ACCOUNTANTS: Davies Archytas Accountants Ltd
14, The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST

Green Air Conditioning Limited (Registered number: 03749696)

Abridged Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,211 65,017

CURRENT ASSETS
Stocks 31,975 22,525
Debtors 40,178 47,291
Cash at bank and in hand 1 2,864
72,154 72,680
CREDITORS
Amounts falling due within one year 66,590 61,792
NET CURRENT ASSETS 5,564 10,888
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,775

75,905

CREDITORS
Amounts falling due after more than one
year

(34,324

)

(51,140

)

PROVISIONS FOR LIABILITIES (10,411 ) (12,025 )
NET ASSETS 17,040 12,740

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 16,940 12,640
SHAREHOLDERS' FUNDS 17,040 12,740

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

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

Green Air Conditioning Limited (Registered number: 03749696)

Abridged Statement of Financial Position - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 February 2024 and were signed on its behalf by:





S J Green - Director


Green Air Conditioning Limited (Registered number: 03749696)

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

1. STATUTORY INFORMATION

Green 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment - 15% on reducing balance
Fixtures & fittings - 15% on reducing balance
Motor vehicles - 25% 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 statement of financial position date.

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.

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.

Green Air Conditioning Limited (Registered number: 03749696)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 176,170
Additions 7,500
At 31 October 2023 183,670
DEPRECIATION
At 1 November 2022 111,153
Charge for year 16,306
At 31 October 2023 127,459
NET BOOK VALUE
At 31 October 2023 56,211
At 31 October 2022 65,017

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 November 2022
and 31 October 2023 116,545
DEPRECIATION
At 1 November 2022 65,857
Charge for year 12,672
At 31 October 2023 78,529
NET BOOK VALUE
At 31 October 2023 38,016
At 31 October 2022 50,688

Green Air Conditioning Limited (Registered number: 03749696)

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

5. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 11,151 11,151

Amounts falling due between one and two years:
Bank loans - 1-2 years 11,151 11,151

Amounts falling due between two and five years:
Bank loans - 2-5 years 9,574 13,765

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

7. ULTIMATE CONTROLLING PARTY

The controlling party throughout the year was the director S J Green by virtue of his 67% holding in the issued share capital of the company.