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Registration number: 00452160

Anglia Air Conditioning Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Anglia Air Conditioning Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Anglia Air Conditioning Limited

Company Information

Directors

Mrs J F Frary

Mr D V Frary

Mr M R Frary

Company secretary

Mr D W Hurrell

Registered office

7 Fletcher Way
Weston Road
Norwich
Norfolk
NR3 3ST

Accountants

Pacific Limited
Chartered Accountants
1st Floor, Woburn House
84 St Benedicts Street
Norwich
Norfolk,
NR2 4AB

 

Anglia Air Conditioning Limited

(Registration number: 00452160)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

221,135

231,597

Current assets

 

Stocks

66,006

161,866

Debtors

5

608,979

345,260

Cash at bank and in hand

 

153,139

226,597

 

828,124

733,723

Creditors: Amounts falling due within one year

6

(610,591)

(484,218)

Net current assets

 

217,533

249,505

Net assets

 

438,668

481,102

Capital and reserves

 

Called up share capital

7

10,562

10,562

Profit and loss account

428,106

470,540

Shareholders' funds

 

438,668

481,102

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 August 2024 and signed on its behalf by:
 



 

Mr M R Frary
Director

 

Anglia Air Conditioning Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Fletcher Way
Weston Road
Norwich
Norfolk
NR3 3ST

2

Accounting policies

Basis of Preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The presentation currency is sterling.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

In respect of long term contracts, when the outcome can be estimate reliably, revenue is recognised by reference to the stage of completion at the date of the financial statements. The stage of completion is determined by the proportion of costs incurred to date in comparison to the total estimated final costs for the contract.

Tax

The tax expense for the period comprises current and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

 

Anglia Air Conditioning Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Deferred Tax
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Buildings

2% per annum reducing balance

Motor vehicles

25% per annum reducing balance

Furniture, fittings and equipment

20% per annum reducing balance

Computer equipment

25% per annum straight line

Plant and equipment

10% per annum reducing balance


Cash
Cash comprises cash on hand and all deposits.

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and net realisable value.

The cost of work in progress comprises direct materials and, where applicable, direct labour cost and overheads.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

 

Anglia Air Conditioning Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensesd as they become payable.

3

Staff numbers

The average number of persons employed by the company during the year, was 12 (2022 - 10).

4

Tangible assets

Land and buildings
£

Motor vehicles
 £

Plant and equipment
£

Total
£

Cost

At 1 December 2022

175,511

192,404

49,824

417,739

Additions

-

18,815

3,467

22,282

Disposals

-

-

(1,420)

(1,420)

At 30 November 2023

175,511

211,219

51,871

438,601

Depreciation

At 1 December 2022

67,173

79,686

39,283

186,142

Charge for the year

1,714

28,572

2,322

32,608

Eliminated on disposal

-

-

(1,284)

(1,284)

At 30 November 2023

68,887

108,258

40,321

217,466

Net book value

At 30 November 2023

106,624

102,961

11,550

221,135

At 30 November 2022

108,338

112,718

10,541

231,597

 

Anglia Air Conditioning Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

5

Debtors

2023
£

2022
£

Trade debtors

499,429

292,774

Other debtors

77,743

45,407

Prepayments

31,807

7,079

608,979

345,260

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Trade creditors

243,997

175,245

Taxation and social security

62,341

60,832

Other creditors

220,438

171,249

Other loans

78,543

71,707

Accruals

5,272

5,185

610,591

484,218

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

A shares of £1 each

7,922

7,922

7,922

7,922

B shares of £1 each

1,320

1,320

1,320

1,320

C shares of £1 each

1,320

1,320

1,320

1,320

 

10,562

10,562

10,562

10,562