IRIS Accounts Production v24.1.4.33 06386259 director 1.1.23 31.12.23 31.12.23 17/9/24 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh063862592022-12-31063862592023-12-31063862592023-01-012023-12-31063862592021-12-31063862592022-01-012022-12-31063862592022-12-3106386259ns15:EnglandWales2023-01-012023-12-3106386259ns14:PoundSterling2023-01-012023-12-3106386259ns10:Director12023-01-012023-12-3106386259ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106386259ns10:SmallEntities2023-01-012023-12-3106386259ns10:Audited2023-01-012023-12-3106386259ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106386259ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106386259ns10:FullAccounts2023-01-012023-12-3106386259ns10:OrdinaryShareClass12023-01-012023-12-3106386259ns10:RegisteredOffice2023-01-012023-12-3106386259ns5:CurrentFinancialInstruments2023-12-3106386259ns5:CurrentFinancialInstruments2022-12-3106386259ns5:ShareCapital2023-12-3106386259ns5:ShareCapital2022-12-3106386259ns5:RetainedEarningsAccumulatedLosses2023-12-3106386259ns5:RetainedEarningsAccumulatedLosses2022-12-3106386259ns5:FurnitureFittings2023-01-012023-12-3106386259ns5:ComputerEquipment2023-01-012023-12-3106386259ns5:FurnitureFittings2022-12-3106386259ns5:ComputerEquipment2022-12-3106386259ns5:FurnitureFittings2023-12-3106386259ns5:ComputerEquipment2023-12-3106386259ns5:FurnitureFittings2022-12-3106386259ns5:ComputerEquipment2022-12-3106386259ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106386259ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3106386259ns5:WithinOneYear2023-12-3106386259ns5:WithinOneYear2022-12-3106386259ns5:BetweenOneFiveYears2023-12-3106386259ns5:BetweenOneFiveYears2022-12-3106386259ns5:AllPeriods2023-12-3106386259ns5:AllPeriods2022-12-3106386259ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 06386259 (England and Wales)






VESTAS AIRCOIL UK LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






VESTAS AIRCOIL UK LTD (REGISTERED NUMBER: 06386259)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VESTAS AIRCOIL UK LTD

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: M Døj





REGISTERED OFFICE: Suite 4
Sovereign House
Gate Lane, Boldmere
Sutton Coldfield
West Midlands
B73 5TT





REGISTERED NUMBER: 06386259 (England and Wales)





AUDITORS: Weatherer Bailey Bragg LLP
Chartered Certified Accountants
Statutory Auditor
100 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB

VESTAS AIRCOIL UK LTD (REGISTERED NUMBER: 06386259)

BALANCE SHEET
31 December 2023

31/12/23 31/12/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 294 346

CURRENT ASSETS
Debtors 5 37,222 214,360
Cash at bank and in hand 4,919 9,069
42,141 223,429
CREDITORS
Amounts falling due within one year 6 (22,970 ) (16,102 )
NET CURRENT ASSETS 19,171 207,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,465

207,673

PROVISIONS FOR LIABILITIES (56 ) (66 )
NET ASSETS 19,409 207,607

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 18,409 206,607
SHAREHOLDERS' FUNDS 19,409 207,607

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2024 and were signed by:





M Døj - Director


VESTAS AIRCOIL UK LTD (REGISTERED NUMBER: 06386259)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Vestas Aircoil UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover from providing sales and technical services and support is recognised when the outcome of a transaction can be estimated reliably and is recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

VESTAS AIRCOIL UK LTD (REGISTERED NUMBER: 06386259)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. This is a work placed pension scheme in which all eligible employees are given the option to join. Contributions payable for the year are charged to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 3,009 23,439 26,448
DEPRECIATION
At 1 January 2023 2,663 23,439 26,102
Charge for year 52 - 52
At 31 December 2023 2,715 23,439 26,154
NET BOOK VALUE
At 31 December 2023 294 - 294
At 31 December 2022 346 - 346

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Amounts owed by group undertakings 31,902 209,494
Prepayments 5,320 4,866
37,222 214,360

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Amounts owed to group undertakings 2,194 617
Corporation tax payable 2,758 85
Social security & other taxes 6,848 6,744
Other creditors 2,673 1,654
Accrued expenses 8,497 7,002
22,970 16,102

VESTAS AIRCOIL UK LTD (REGISTERED NUMBER: 06386259)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/12/23 31/12/22
£    £   
Within one year 23,638 16,770
Between one and five years - 22,470
23,638 39,240

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Alan Joseph Weatherer FCCA (Senior Statutory Auditor)
for and on behalf of Weatherer Bailey Bragg LLP

10. ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of Vestas Aircoil A/S, a company incorporated in Denmark.
The ultimate parent company is Genua A/S, a company incorporated in Denmark.