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REGISTERED NUMBER: 04947784 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 October 2023

for

HVAC Management Limited

HVAC Management Limited (Registered number: 04947784)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

HVAC Management Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr M J Laurie





SECRETARY: Mrs J E Laurie





REGISTERED OFFICE: 45 Mercer Way
Tetbury
Gloucestershire
GL8 8FH





REGISTERED NUMBER: 04947784 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

HVAC Management Limited (Registered number: 04947784)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,827 8,010

CURRENT ASSETS
Debtors 5 44,207 50,941
Cash at bank 4,002 7,105
48,209 58,046
CREDITORS
Amounts falling due within one year 6 (47,860 ) (43,992 )
NET CURRENT ASSETS 349 14,054
TOTAL ASSETS LESS CURRENT LIABILITIES 8,176 22,064

CREDITORS
Amounts falling due after more than one year 7 (14,225 ) (20,320 )

PROVISIONS FOR LIABILITIES (1,487 ) (1,522 )
NET (LIABILITIES)/ASSETS (7,536 ) 222

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (7,636 ) 122
SHAREHOLDERS' FUNDS (7,536 ) 222

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

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

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 1 October 2024 and were signed by:




Mr M J Laurie - Director


HVAC Management Limited (Registered number: 04947784)

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

1. STATUTORY INFORMATION

HVAC Management 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

HVAC Management Limited (Registered number: 04947784)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2022 5,072 369 13,031 18,472
Additions - 804 1,015 1,819
At 31 October 2023 5,072 1,173 14,046 20,291
DEPRECIATION
At 1 November 2022 3,174 281 7,007 10,462
Charge for year 474 22 1,506 2,002
At 31 October 2023 3,648 303 8,513 12,464
NET BOOK VALUE
At 31 October 2023 1,424 870 5,533 7,827
At 31 October 2022 1,898 88 6,024 8,010

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 6,250 6,250
Other debtors - 181
Directors' current accounts 25,280 33,279
Tax 12,677 11,231
44,207 50,941

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other loans 6,744 7,393
Trade creditors 1,000 1,000
Amounts owed to group undertakings 13,470 -
Tax 21,665 26,034
VAT 3,504 8,365
Other creditors 91 -
Accrued expenses 1,386 1,200
47,860 43,992

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Other loans - 1-2 years 6,744 7,393
Other loans - 2-5 years 7,481 12,927
14,225 20,320

HVAC Management Limited (Registered number: 04947784)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary A £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 November 2022 122
Deficit for the year (7,758 )
At 31 October 2023 (7,636 )

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
Mr M J Laurie
Balance outstanding at start of year 33,279 37,772
Amounts advanced 7,248 69,462
Amounts repaid (15,247 ) (73,955 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,280 33,279

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
HVAC Management Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HVAC Management Limited for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of HVAC Management Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of HVAC Management Limited and state those matters that we have agreed to state to the director of HVAC Management Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HVAC Management Limited and its director for our work or for this report.

It is your duty to ensure that HVAC Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of HVAC Management Limited. You consider that HVAC Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of HVAC Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY


1 October 2024