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REGISTERED NUMBER: 06201403 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2024

for

I.N.S. Air Conditioning Limited

I.N.S. Air Conditioning Limited (Registered number: 06201403)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


I.N.S. Air Conditioning Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Ian Matthew O'Toole





REGISTERED OFFICE: 35 Roundways
Ruislip
Middlesex
HA4 6EA





REGISTERED NUMBER: 06201403 (England and Wales)





ACCOUNTANTS: Vellender Lewis Accountants Limited
4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ

I.N.S. Air Conditioning Limited (Registered number: 06201403)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,352 30,392

CURRENT ASSETS
Debtors 5 35,485 26,410
Cash at bank 98,800 102,053
134,285 128,463
CREDITORS
Amounts falling due within one year 6 53,644 27,744
NET CURRENT ASSETS 80,641 100,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,993

131,111

CREDITORS
Amounts falling due after more than one
year

7

(19,606

)

(33,514

)

PROVISIONS FOR LIABILITIES (5,853 ) (5,774 )
NET ASSETS 82,534 91,823

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 82,532 91,821
SHAREHOLDERS' FUNDS 82,534 91,823

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

I.N.S. Air Conditioning Limited (Registered number: 06201403)

Statement of Financial Position - continued
31 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 director and authorised for issue on 12 September 2024 and were signed by:





Ian Matthew O'Toole - Director


I.N.S. Air Conditioning Limited (Registered number: 06201403)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

I.N.S. 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

I.N.S. Air Conditioning Limited (Registered number: 06201403)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 101,477
DEPRECIATION
At 1 April 2023 71,085
Charge for year 3,040
At 31 March 2024 74,125
NET BOOK VALUE
At 31 March 2024 27,352
At 31 March 2023 30,392

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 23,484 13,675
Other debtors 12,001 12,735
35,485 26,410

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,156 9,876
Hire purchase contracts 4,983 4,983
Trade creditors 8,506 4,367
Taxation and social security 14,758 6,895
Other creditors 15,241 1,623
53,644 27,744

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 13,006 23,371
Hire purchase contracts 6,600 10,143
19,606 33,514