IRIS Accounts Production v24.2.0.383 00870535 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh008705352023-03-31008705352024-03-31008705352023-04-012024-03-31008705352022-03-31008705352022-04-012023-03-31008705352023-03-3100870535ns15:EnglandWales2023-04-012024-03-3100870535ns14:PoundSterling2023-04-012024-03-3100870535ns10:Director12023-04-012024-03-3100870535ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3100870535ns10:SmallEntities2023-04-012024-03-3100870535ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3100870535ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3100870535ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3100870535ns10:FullAccounts2023-04-012024-03-3100870535ns10:Director22023-04-012024-03-3100870535ns10:CompanySecretary12023-04-012024-03-3100870535ns10:RegisteredOffice2023-04-012024-03-3100870535ns5:CurrentFinancialInstruments2024-03-3100870535ns5:CurrentFinancialInstruments2023-03-3100870535ns5:Non-currentFinancialInstruments2024-03-3100870535ns5:Non-currentFinancialInstruments2023-03-3100870535ns5:ShareCapital2024-03-3100870535ns5:ShareCapital2023-03-3100870535ns5:RetainedEarningsAccumulatedLosses2024-03-3100870535ns5:RetainedEarningsAccumulatedLosses2023-03-3100870535ns5:FurnitureFittings2023-04-012024-03-3100870535ns5:MotorVehicles2023-04-012024-03-3100870535ns5:FurnitureFittings2023-03-3100870535ns5:MotorVehicles2023-03-3100870535ns5:FurnitureFittings2024-03-3100870535ns5:MotorVehicles2024-03-3100870535ns5:FurnitureFittings2023-03-3100870535ns5:MotorVehicles2023-03-3100870535ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3100870535ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 00870535 (England and Wales)










WESTCOTT REFRIGERATION AND AIR
CONDITIONING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






WESTCOTT REFRIGERATION AND AIR
CONDITIONING LIMITED (REGISTERED NUMBER: 00870535)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESTCOTT REFRIGERATION AND AIR
CONDITIONING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mrs K Swanson
Mr P Mistry





SECRETARY: Mrs K Swanson





REGISTERED OFFICE: 188 Fenside Avenue
Styvchale
Coventry
West Midlands
CV3 5NJ





REGISTERED NUMBER: 00870535 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB

WESTCOTT REFRIGERATION AND AIR
CONDITIONING LIMITED (REGISTERED NUMBER: 00870535)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,252 41,808

CURRENT ASSETS
Stocks 34,166 16,961
Debtors 5 156,032 106,397
Cash at bank and in hand 194,889 232,596
385,087 355,954
CREDITORS
Amounts falling due within one year 6 180,696 167,462
NET CURRENT ASSETS 204,391 188,492
TOTAL ASSETS LESS CURRENT
LIABILITIES

270,643

230,300

CREDITORS
Amounts falling due after more than one
year

7

1,756

1,815
NET ASSETS 268,887 228,485

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 267,887 227,485
SHAREHOLDERS' FUNDS 268,887 228,485

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

WESTCOTT REFRIGERATION AND AIR
CONDITIONING LIMITED (REGISTERED NUMBER: 00870535)

BALANCE SHEET - continued
31ST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th July 2024 and were signed on its behalf by:





Mr P Mistry - Director


WESTCOTT REFRIGERATION AND AIR
CONDITIONING LIMITED (REGISTERED NUMBER: 00870535)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Westcott Refrigeration and Air Conditioning Limited 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.
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

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

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

WESTCOTT REFRIGERATION AND AIR
CONDITIONING LIMITED (REGISTERED NUMBER: 00870535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st April 2023 16,813 102,195 119,008
Additions - 43,740 43,740
Disposals - (13,030 ) (13,030 )
At 31st March 2024 16,813 132,905 149,718
DEPRECIATION
At 1st April 2023 16,813 60,387 77,200
Charge for year - 16,563 16,563
Eliminated on disposal - (10,297 ) (10,297 )
At 31st March 2024 16,813 66,653 83,466
NET BOOK VALUE
At 31st March 2024 - 66,252 66,252
At 31st March 2023 - 41,808 41,808

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 126,861 95,203
Other debtors 29,171 11,194
156,032 106,397

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 88,648 40,980
Taxation and social security 51,359 80,069
Other creditors 40,689 46,413
180,696 167,462

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 1,756 1,815

8. ULTIMATE CONTROLLING PARTY

The controlling party is the directors acting jointly..