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Registration number: 12558210

A Class Air-Conditioning Systems Limited

Unaudited Financial Statements

for the Year Ended 30 April 2023

 

A Class Air-Conditioning Systems Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

A Class Air-Conditioning Systems Limited

(Registration number: 12558210)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

6,111

7,190

Current assets

 

Debtors

5

48,302

33,950

Cash at bank and in hand

 

13,810

9,397

 

62,112

43,347

Creditors: Amounts falling due within one year

6

(51,337)

(46,860)

Net current assets/(liabilities)

 

10,775

(3,513)

Total assets less current liabilities

 

16,886

3,677

Provisions for liabilities

(231)

36

Net assets

 

16,655

3,713

Capital and reserves

 

Called up share capital

100

100

Retained earnings

16,555

3,613

Shareholders' funds

 

16,655

3,713

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 October 2024
 

.........................................
Mr Tony Pepper
Director

 

A Class Air-Conditioning Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
3 The Pastures
Stevenage
Hertfordshire
SG2 7DF
United Kingdom

These financial statements were authorised for issue by the director on 10 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

A Class Air-Conditioning Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

15% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

 

A Class Air-Conditioning Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

A Class Air-Conditioning Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2022

9,951

9,951

At 30 April 2023

9,951

9,951

Depreciation

At 1 May 2022

2,761

2,761

Charge for the year

1,079

1,079

At 30 April 2023

3,840

3,840

Carrying amount

At 30 April 2023

6,111

6,111

At 30 April 2022

7,190

7,190

5

Debtors

Current

2023
£

2022
£

Trade debtors

-

2,001

Prepayments

724

307

Other debtors

47,578

31,642

 

48,302

33,950

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

9,073

10,384

Taxation and social security

39,835

34,069

Accruals and deferred income

1,155

1,100

Other creditors

1,274

1,307

51,337

46,860

 

A Class Air-Conditioning Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023




 

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

         

8

Dividends

2023

2022

£

£

Interim dividend of £450.00 (2022 - £200.00) per ordinary share

45,000

20,000

 

 

9

Related party transactions

At the balance sheet date the company owed £1,274 (2022: £1,306) to the director Mr T Pepper. There are no terms of repayment or interest charged on this loan.

10

Parent and ultimate parent undertaking

The ultimate controlling party is Mr T Pepper by virtue of his majority shareholding.