Company Registration No. 6095770 (England and Wales)
Accurate Air-conditioning Limited
Unaudited accounts
for the year ended 29 February 2024
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Accurate Air-conditioning Limited
for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Accurate Air-conditioning Limited for the year ended
29 February 2024 as set out on pages
3 -
5 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Accurate Air-conditioning Limited, as a body, in accordance with the terms of our engagement letter dated 18 July 2024. Our work has been undertaken solely to prepare for your approval the accounts of Accurate Air-conditioning Limited and state those matters that we have agreed to state to the Board of Directors of Accurate Air-conditioning Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Accurate Air-conditioning Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Accurate Air-conditioning Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Accurate Air-conditioning Limited. You consider that Accurate Air-conditioning Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Accurate Air-conditioning Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Lewis Associates
Chartered Certified Accountants
75 Coniston Gardens
London
NW9 0BA
1 August 2024
Accurate Air-conditioning Limited
Statement of financial position
as at 29 February 2024
Tangible assets
886,921
555,010
Cash at bank and in hand
190,697
532,788
Creditors: amounts falling due within one year
(29,455)
(127,851)
Net current assets
161,242
424,937
Net assets
1,048,163
979,947
Called up share capital
190
190
Profit and loss account
1,047,973
979,757
Shareholders' funds
1,048,163
979,947
For the year ending 29 February 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by
Prakash D'Souza
Director
Company Registration No. 6095770
Accurate Air-conditioning Limited
Notes to the Accounts
for the year ended 29 February 2024
Accurate Air-conditioning Limited is a private company, limited by shares, registered in England and Wales, registration number 6095770. The registered office is 75 Coniston Gardens, Kingsbury, London, NW9 0BA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line basis
Motor vehicles
20% straight line basis
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2023
581,428
13,978
595,406
Additions
307,328
30,399
337,727
Disposals
-
(13,978)
(13,978)
At 29 February 2024
888,756
30,399
919,155
At 1 March 2023
26,419
13,977
40,396
Charge for the year
5,815
-
5,815
On disposals
-
(13,977)
(13,977)
At 29 February 2024
32,234
-
32,234
At 29 February 2024
856,522
30,399
886,921
At 28 February 2023
555,009
1
555,010
Accurate Air-conditioning Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
23,748
37,080
Other creditors
5,707
90,771
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).