Company Registration No. 05617150 (England and Wales)
REGIS AIR CONDITIONING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
REGIS AIR CONDITIONING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
REGIS AIR CONDITIONING LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
14,509
19,346
Current assets
Debtors
5
9,565
9,923
Cash at bank and in hand
13,810
12,194
23,375
22,117
Creditors: amounts falling due within one year
6
(19,019)
(16,968)
Net current assets
4,356
5,149
Total assets less current liabilities
18,865
24,495
Creditors: amounts falling due after more than one year
7
(8,270)
(10,640)
Provisions for liabilities
(2,757)
(3,676)
Net assets
7,838
10,179
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
7,738
10,079
Total equity
7,838
10,179

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

REGIS AIR CONDITIONING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 26 July 2024
Paul Bliss
Director
Company Registration No. 05617150
REGIS AIR CONDITIONING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Regis Air Conditioning Limited is a private company limited by shares incorporated in England and Wales. The registered office is 36 Ross Heights, Rowley Regis, West Midlands, B65 8DW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% reducing balance
Motor vehicles
25% reducing balance
1.4
Financial instruments

The following assets and liabilities are classified as financial instruments – trade debtors, trade creditors, bank loans and directors’ loans.

Directors’ loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

REGIS AIR CONDITIONING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
27,000
Amortisation and impairment
At 1 April 2023 and 31 March 2024
27,000
Carrying amount
At 31 March 2024
-
0
At 31 March 2023
-
0
REGIS AIR CONDITIONING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 and 31 March 2024
26,810
Depreciation and impairment
At 1 April 2023
7,464
Depreciation charged in the year
4,837
At 31 March 2024
12,301
Carrying amount
At 31 March 2024
14,509
At 31 March 2023
19,346
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
9,202
8,613
Corporation tax recoverable
-
0
873
Other debtors
363
437
9,565
9,923
6
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
3,889
-
0
Other taxation and social security
1,382
1,161
Other creditors
13,748
15,807
19,019
16,968
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
8,270
10,640
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