Registered number
10427882
WA AC REFRIGERATION LIMITED
Filleted Accounts
31 October 2023
WA AC REFRIGERATION LIMITED
Registered number: 10427882
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 (368) 1,827
Current assets
Debtors 4 55,932 55,682
Cash at bank and in hand 12,598 7,877
68,530 63,559
Creditors: amounts falling due within one year 5 (11,051) (5,314)
Net current assets 57,479 58,245
Total assets less current liabilities 57,111 60,072
Creditors: amounts falling due after more than one year 6 (38,885) (43,385)
Net assets 18,226 16,687
Capital and reserves
Called up share capital 100 100
Profit and loss account 18,126 16,587
Shareholders' funds 18,226 16,687
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Wahid Afizi
Director
Approved by the board on 28 October 2024
WA AC REFRIGERATION LIMITED
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2022 1,834 9,140 10,974
At 31 October 2023 1,834 9,140 10,974
Depreciation
At 1 November 2022 1,835 7,312 9,147
Charge for the year 367 1,828 2,195
At 31 October 2023 2,202 9,140 11,342
Net book value
At 31 October 2023 (368) - (368)
At 31 October 2022 (1) 1,828 1,827
4 Debtors 2023 2022
£ £
Trade debtors 6,432 6,182
Other debtors 49,500 49,500
55,932 55,682
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 10,854 4,634
Other creditors 197 680
11,051 5,314
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 38,885 43,385
7 Other information
WA AC REFRIGERATION LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
6 Colbourne House
Croxley View
Watford
WD18 6PL
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