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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
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Accurate Air-conditioning Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
886,921 
555,010 
Current assets
Debtors
- 
20,000 
Cash at bank and in hand
190,697 
532,788 
190,697 
552,788 
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 
Capital and reserves
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
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Accurate Air-conditioning Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 29 February 2024
856,522 
30,399 
886,921 
At 28 February 2023
555,009 
1 
555,010 
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Accurate Air-conditioning Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
20,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
23,748 
37,080 
Other creditors
5,707 
90,771 
29,455 
127,851 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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