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REGISTERED NUMBER: 11919986 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

ROWLAND AIR CONDITIONING LTD

ROWLAND AIR CONDITIONING LTD (REGISTERED NUMBER: 11919986)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROWLAND AIR CONDITIONING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: K A Rowland





REGISTERED OFFICE: Unit 13 Bishopgate Business Park
Widdrington Road
Coventry
CV1 4NA





REGISTERED NUMBER: 11919986 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

ROWLAND AIR CONDITIONING LTD (REGISTERED NUMBER: 11919986)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 193,424 150,834
193,424 150,834

CURRENT ASSETS
Stocks 522,298 136,515
Debtors 6 598,775 606,588
Cash at bank 170,309 71,981
1,291,382 815,084
CREDITORS
Amounts falling due within one year 7 1,239,908 710,387
NET CURRENT ASSETS 51,474 104,697
TOTAL ASSETS LESS CURRENT
LIABILITIES

244,898

255,531

CREDITORS
Amounts falling due after more than one year 8 106,386 172,043
NET ASSETS 138,512 83,488

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 138,412 83,388
138,512 83,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

ROWLAND AIR CONDITIONING LTD (REGISTERED NUMBER: 11919986)

BALANCE SHEET - continued
30 APRIL 2024


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 director and authorised for issue on 31 July 2024 and were signed by:





K A Rowland - Director


ROWLAND AIR CONDITIONING LTD (REGISTERED NUMBER: 11919986)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Rowland Air Conditioning 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 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.

Goodwill
Goodwill has been fully amortised over its useful life,

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% straight line
Motor vehicles - 20% straight line
Computer equipment - 25% Straight line

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

ROWLAND AIR CONDITIONING LTD (REGISTERED NUMBER: 11919986)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 15,000
AMORTISATION
At 1 May 2023
and 30 April 2024 15,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 - 198,997 1,548 200,545
Additions 27,049 67,780 18,852 113,681
Disposals - (38,994 ) - (38,994 )
At 30 April 2024 27,049 227,783 20,400 275,232
DEPRECIATION
At 1 May 2023 - 49,324 387 49,711
Charge for year 3,327 47,758 1,959 53,044
Eliminated on disposal - (20,947 ) - (20,947 )
At 30 April 2024 3,327 76,135 2,346 81,808
NET BOOK VALUE
At 30 April 2024 23,722 151,648 18,054 193,424
At 30 April 2023 - 149,673 1,161 150,834

ROWLAND AIR CONDITIONING LTD (REGISTERED NUMBER: 11919986)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 502,870 606,588
Other debtors 95,905 -
598,775 606,588

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 276,021 96,272
Hire purchase contracts 42,725 37,378
Trade creditors 516,132 389,325
Taxation and social security 316,397 144,926
Other creditors 88,633 42,486
1,239,908 710,387

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,817 60,742
Hire purchase contracts 99,569 111,301
106,386 172,043