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REGISTERED NUMBER: 09895825 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

KL Air Conditioning Ltd

KL Air Conditioning Ltd (Registered number: 09895825)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KL Air Conditioning Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: K Lewis





REGISTERED OFFICE: 35 Lansdown Road
Kingswood
Bristol
BS15 1XA





REGISTERED NUMBER: 09895825 (England and Wales)





ACCOUNTANTS: Norton Accountancy Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG

KL Air Conditioning Ltd (Registered number: 09895825)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,682 4,368

CURRENT ASSETS
Stocks 8,500 1,500
Debtors 5 94,687 85,936
Cash at bank 75,700 35,621
178,887 123,057
CREDITORS
Amounts falling due within one year 6 43,744 20,677
NET CURRENT ASSETS 135,143 102,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,825

106,748

CREDITORS
Amounts falling due after more than one
year

7

(57,322

)

(63,570

)

PROVISIONS FOR LIABILITIES (699 ) (830 )
NET ASSETS 80,804 42,348

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 80,704 42,248
80,804 42,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KL Air Conditioning Ltd (Registered number: 09895825)

Balance Sheet - continued
31 December 2023


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 14 October 2024 and were signed by:





K Lewis - Director


KL Air Conditioning Ltd (Registered number: 09895825)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

KL 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

KL Air Conditioning Ltd (Registered number: 09895825)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 26,739
Additions 541
At 31 December 2023 27,280
DEPRECIATION
At 1 January 2023 22,371
Charge for year 1,227
At 31 December 2023 23,598
NET BOOK VALUE
At 31 December 2023 3,682
At 31 December 2022 4,368

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 43,523 21,487
Other debtors 51,164 64,449
94,687 85,936

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 5,939 3,932
Taxation and social security 37,805 15,787
Other creditors - 958
43,744 20,677

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 57,322 63,570