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Company Registration No. 10809606 (England and Wales)
N & S Air Conditioning Ltd Unaudited accounts for the year ended 30 June 2024
N & S Air Conditioning Ltd Unaudited accounts Contents
Page
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N & S Air Conditioning Ltd Company Information for the year ended 30 June 2024
Director
Shane Roger Treharne
Company Number
10809606 (England and Wales)
Registered Office
BLACKROCK BRECON ROAD HIRWAUN ABERDARE CF44 9NS WALES
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of N & S Air Conditioning Ltd for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of N & S Air Conditioning Ltd for the year ended 30 June 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Venta House Maes-glas Newport NP20 2NS 4 October 2024
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N & S Air Conditioning Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
93,698 
66,259 
Current assets
Debtors
168,737 
59,528 
Cash at bank and in hand
64,506 
48,464 
233,243 
107,992 
Creditors: amounts falling due within one year
(125,672)
(63,245)
Net current assets
107,571 
44,747 
Total assets less current liabilities
201,269 
111,006 
Creditors: amounts falling due after more than one year
(36,860)
(9,550)
Provisions for liabilities
Deferred tax
(17,803)
(12,589)
Net assets
146,606 
88,867 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
146,604 
88,865 
Shareholders' funds
146,606 
88,867 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 October 2024 and were signed on its behalf by
Shane Roger Treharne Director Company Registration No. 10809606
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N & S Air Conditioning Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
N & S Air Conditioning Ltd is a private company, limited by shares, registered in England and Wales, registration number 10809606. The registered office is BLACKROCK BRECON ROAD, HIRWAUN, ABERDARE, CF44 9NS, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight-line
Fixtures & fittings
25% straight-line
Computer equipment
25% straight-line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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N & S Air Conditioning Ltd Notes to the Accounts for the year ended 30 June 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 July 2023
155,418 
Additions
56,243 
At 30 June 2024
211,661 
Depreciation
At 1 July 2023
89,159 
Charge for the year
28,804 
At 30 June 2024
117,963 
Net book value
At 30 June 2024
93,698 
At 30 June 2023
66,259 
5
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
17,803 
12,589 
2024 
2023 
£ 
£ 
Provision at start of year
12,589 
5,262 
Charged to the profit and loss account
5,214 
7,327 
Provision at end of year
17,803 
12,589 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
7
Average number of employees
During the year the average number of employees was 8 (2023: 7).
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