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Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Aircon Hire Limited

Aircon Hire Limited (Registered number: 04179993)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Aircon Hire Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: I Gardner





REGISTERED OFFICE: 8-10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 04179993 (England and Wales)





ACCOUNTANTS: Williams & Co
Chartered Accountants
8/10 South Street
Epsom
Surrey
KT18 7PF

Aircon Hire Limited (Registered number: 04179993)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 126,122 159,909

CURRENT ASSETS
Debtors 5 531,895 533,949
Cash at bank 315,618 113,400
847,513 647,349
CREDITORS
Amounts falling due within one year 6 168,033 194,605
NET CURRENT ASSETS 679,480 452,744
TOTAL ASSETS LESS CURRENT
LIABILITIES

805,602

612,653

CREDITORS
Amounts falling due after more than one
year

7

(14,053

)

(24,033

)

PROVISIONS FOR LIABILITIES 8 (30,390 ) (34,916 )
NET ASSETS 761,159 553,704

CAPITAL AND RESERVES
Called up share capital 9 600 600
Retained earnings 760,559 553,104
SHAREHOLDERS' FUNDS 761,159 553,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





I Gardner - Director


Aircon Hire Limited (Registered number: 04179993)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Aircon Hire 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.

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.
Improvements to property - 10% on cost
Plant and machinery - Straight line over 3 years
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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.

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 3 (2023 - 3 ) .

Aircon Hire Limited (Registered number: 04179993)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 March 2023 28,900 623,954 39,546 129,404 821,804
Additions - 36,133 1,372 - 37,505
Disposals - - - (45,000 ) (45,000 )
At 29 February 2024 28,900 660,087 40,918 84,404 814,309
DEPRECIATION
At 1 March 2023 13,508 537,043 36,064 75,280 661,895
Charge for year 2,890 38,262 1,877 21,701 64,730
Eliminated on disposal - - - (38,438 ) (38,438 )
At 29 February 2024 16,398 575,305 37,941 58,543 688,187
NET BOOK VALUE
At 29 February 2024 12,502 84,782 2,977 25,861 126,122
At 28 February 2023 15,392 86,911 3,482 54,124 159,909

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 78,028 92,654
Other debtors 11,388 2,565
Air Conditioning Hire Ltd Loan 436,678 423,278
Prepayments and accrued income 5,801 15,452
531,895 533,949

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,065 10,107
Tax 111,509 54,708
Social security and other taxes 1,926 1,846
VAT 17,802 12,655
Other creditors 7,269 7,270
Pension fund 476 458
Directors' current accounts 353 94,353
Deferred income 15,213 9,788
Accrued expenses 3,420 3,420
168,033 194,605

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,065 10,065
Bank loans - 2-5 years 3,988 13,968
14,053 24,033

Aircon Hire Limited (Registered number: 04179993)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 30,390 34,916

Deferred
tax
£   
Balance at 1 March 2023 34,916
Credit to Statement of Income and Retained Earnings during year (4,526 )
Balance at 29 February 2024 30,390

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
600 Ordinary Shares £1 600 600

10. ULTIMATE CONTROLLING PARTY

The company is under the control of I Gardner.

11. CROSS GUARANTEE

There is a cross-guarantee in place in respect of bank facilities of parent company Air Conditioning Hire Limited.This is secured by way of a fixed and floating charge over the company.