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REGISTERED NUMBER: 14728660 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

14 MARCH 2023 TO 31 MARCH 2024

FOR

K-NEV AIR CONDITIONING LTD

K-NEV AIR CONDITIONING LTD (REGISTERED NUMBER: 14728660)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 MARCH 2023 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


K-NEV AIR CONDITIONING LTD

COMPANY INFORMATION
FOR THE PERIOD 14 MARCH 2023 TO 31 MARCH 2024







DIRECTORS: Mr W D House
Mrs L A House





REGISTERED OFFICE: 3 Old Smithy Road
New Mills
High Peak
SK22 3EH





REGISTERED NUMBER: 14728660 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

K-NEV AIR CONDITIONING LTD (REGISTERED NUMBER: 14728660)

BALANCE SHEET
31 MARCH 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 28,895

CURRENT ASSETS
Debtors 5 8,903
Cash at bank 11,716
20,619
CREDITORS
Amounts falling due within one year 6 29,720
NET CURRENT LIABILITIES (9,101 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,794

CREDITORS
Amounts falling due after more than one
year

7

(2,077

)

PROVISIONS FOR LIABILITIES 8 (3,413 )
NET ASSETS 14,304

CAPITAL AND RESERVES
Called up share capital 9 200
Retained earnings 14,104
SHAREHOLDERS' FUNDS 14,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

K-NEV AIR CONDITIONING LTD (REGISTERED NUMBER: 14728660)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





Mr W D House - Director


K-NEV AIR CONDITIONING LTD (REGISTERED NUMBER: 14728660)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 MARCH 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

K-Nev 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 represents the total amount receivable by the company for goods supplied and services provided, excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

K-NEV AIR CONDITIONING LTD (REGISTERED NUMBER: 14728660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14 MARCH 2023 TO 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 32,068
Disposals (2,700 )
At 31 March 2024 29,368
DEPRECIATION
Charge for period 473
At 31 March 2024 473
NET BOOK VALUE
At 31 March 2024 28,895

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 747
Other debtors 8,156
8,903

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 992
Trade creditors 230
Taxation and social security 469
Other creditors 28,029
29,720

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 2,077

8. PROVISIONS FOR LIABILITIES
£   
Deferred tax 3,413

Deferred
tax
£   
Charge to Statement of Income and Retained Earnings during period 3,413
Balance at 31 March 2024 3,413

K-NEV AIR CONDITIONING LTD (REGISTERED NUMBER: 14728660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14 MARCH 2023 TO 31 MARCH 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary A £1 100
100 Ordinary B £1 100
200