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REGISTERED NUMBER: 11930688 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th June 2024

for

Aircooled Accessories Limited

Aircooled Accessories Limited (Registered number: 11930688)






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aircooled Accessories Limited

Company Information
for the Year Ended 30th June 2024







DIRECTORS: P Horton
Mrs M L Horton





REGISTERED OFFICE: The Old Slaughterhouse
Shipley Gate
Eastwood
Nottinghamshire
NG16 3JE





REGISTERED NUMBER: 11930688 (England and Wales)





ACCOUNTANTS: Noy & Partners Accountants Limited
17 Farrington Way
Eastwood
Nottingham
Nottinghamshire
NG16 3BF

Aircooled Accessories Limited (Registered number: 11930688)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 82,500 99,000
Tangible assets 5 1,876 2,346
84,376 101,346

CURRENT ASSETS
Stocks 155,096 131,697
Debtors 6 13,991 12,774
Cash at bank 278,869 183,416
447,956 327,887
CREDITORS
Amounts falling due within one year 7 150,403 123,698
NET CURRENT ASSETS 297,553 204,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

381,929

305,535

PROVISIONS FOR LIABILITIES 8 5 17
NET ASSETS 381,924 305,518

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 381,824 305,418
SHAREHOLDERS' FUNDS 381,924 305,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

Aircooled Accessories Limited (Registered number: 11930688)

Balance Sheet - continued
30th June 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 17th October 2024 and were signed on its behalf by:





Mrs M L Horton - Director


Aircooled Accessories Limited (Registered number: 11930688)

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

Aircooled Accessories 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools and equipment - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Aircooled Accessories Limited (Registered number: 11930688)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2023
and 30th June 2024 165,000
AMORTISATION
At 1st July 2023 66,000
Amortisation for year 16,500
At 30th June 2024 82,500
NET BOOK VALUE
At 30th June 2024 82,500
At 30th June 2023 99,000

5. TANGIBLE FIXED ASSETS
Tools and
equipment
£   
COST
At 1st July 2023
and 30th June 2024 5,465
DEPRECIATION
At 1st July 2023 3,119
Charge for year 470
At 30th June 2024 3,589
NET BOOK VALUE
At 30th June 2024 1,876
At 30th June 2023 2,346

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,075 11,941
Other debtors 916 833
13,991 12,774

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 53,277 34,627
Other creditors 97,126 89,071
150,403 123,698

Aircooled Accessories Limited (Registered number: 11930688)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5 17

Deferred
tax
£   
Balance at 1st July 2023 17
Utilised during year (12 )
Balance at 30th June 2024 5

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100