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Company Registration No. SC626089 (Scotland)
H5 Air Conditioning Services Limited Unaudited accounts for the year ended 31 March 2024
H5 Air Conditioning Services Limited Unaudited accounts Contents
Page
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H5 Air Conditioning Services Limited Company Information for the year ended 31 March 2024
Director
Richard Easton
Company Number
SC626089 (Scotland)
Registered Office
17 Bellwood Place Penicuik EH26 0GF UK
Accountants
GR Thomson & Co LTD EH20 Business Centre 6 Dryden Road Loanhead Midlothian EH20 9LZ
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H5 Air Conditioning Services Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
207,820 
116,534 
Current assets
Inventories
67,189 
31,956 
Debtors
135,114 
248,335 
Cash at bank and in hand
410,269 
254,493 
612,572 
534,784 
Creditors: amounts falling due within one year
(40,965)
(82,770)
Net current assets
571,607 
452,014 
Total assets less current liabilities
779,427 
568,548 
Creditors: amounts falling due after more than one year
(90,663)
(26,029)
Net assets
688,764 
542,519 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
688,763 
542,518 
Shareholders' funds
688,764 
542,519 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 September 2024 and were signed on its behalf by
Richard Easton Director Company Registration No. SC626089
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H5 Air Conditioning Services Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
H5 Air Conditioning Services Limited is a private company, limited by shares, registered in Scotland, registration number SC626089. The registered office is 17 Bellwood Place, Penicuik, EH26 0GF, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
3,908 
140,887 
1,410 
146,205 
Additions
- 
146,906 
- 
146,906 
Disposals
- 
(15,995)
- 
(15,995)
At 31 March 2024
3,908 
271,798 
1,410 
277,116 
Depreciation
At 1 April 2023
1,984 
27,387 
300 
29,671 
Charge for the year
481 
30,875 
278 
31,634 
On disposals
- 
7,991 
- 
7,991 
At 31 March 2024
2,465 
66,253 
578 
69,296 
Net book value
At 31 March 2024
1,443 
205,545 
832 
207,820 
At 31 March 2023
1,924 
113,500 
1,110 
116,534 
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H5 Air Conditioning Services Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
15,568 
12,531 
Trade debtors
103,895 
205,127 
Accrued income and prepayments
4,957 
4,918 
Other debtors
10,694 
25,759 
135,114 
248,335 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
24,637 
Taxes and social security
9,289 
40,137 
Other creditors
814 
5,293 
Loans from directors
(925)
375 
Accruals
31,787 
12,328 
40,965 
82,770 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
90,663 
26,029 
8
Average number of employees
During the year the average number of employees was 8 (2023: 6).
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