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PW AIR CONDITIONING LIMITED

Registered Number
07964931
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

PW AIR CONDITIONING LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

WATT, Julie
WATT, Perry

Company Secretary

WATT, Julie

Registered Address

1 Gemini Court
42a Throwley Way,
Sutton
SM1 4AF

Registered Number

07964931 (England and Wales)
PW AIR CONDITIONING LIMITED
Statement of Financial Position
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets327,7755,877
27,7755,877
Current assets
Debtors439,12130,608
Cash at bank and on hand5,114622
44,23531,230
Creditors amounts falling due within one year5(28,339)(11,682)
Net current assets (liabilities)15,89619,548
Total assets less current liabilities43,67125,425
Creditors amounts falling due after one year6(5,079)(9,333)
Provisions for liabilities7(5,278)(1,117)
Net assets33,31414,975
Capital and reserves
Called up share capital100100
Profit and loss account33,21414,875
Shareholders' funds33,31414,975
The financial statements were approved and authorised for issue by the Board of Directors on 5 September 2024, and are signed on its behalf by:
WATT, Perry
Director
Registered Company No. 07964931
PW AIR CONDITIONING LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where goods are included in sales, turnover represents sales of these goods net of VAT and trade discounts and is recognised when the goods are physically delivered to the customer.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Fixtures and fittings-10
Vehicles25-
Office Equipment25-
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 March 2322,048-1,68623,734
Additions21,4959,950-31,445
Disposals(7,200)--(7,200)
At 29 February 2436,3439,9501,68647,979
Depreciation and impairment
At 01 March 2316,246-1,61117,857
Charge for year6,254995207,269
On disposals(4,922)--(4,922)
At 29 February 2417,5789951,63120,204
Net book value
At 29 February 2418,7658,9555527,775
At 28 February 235,802-755,877
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables16,20215,839
Other debtors22,91914,769
Total39,12130,608
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts4,0004,000
Taxation and social security3,1145,312
Other creditors21,2252,370
Total28,33911,682
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts5,0799,333
Total5,0799,333
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)5,2781,117
Total5,2781,117