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REGISTERED NUMBER: 10042807 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Air Conditioning South West Limited

Air Conditioning South West Limited (Registered number: 10042807)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Air Conditioning South West Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A J Wilks
P A White
S J B Reynolds





REGISTERED OFFICE: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
GL3 3RS





REGISTERED NUMBER: 10042807 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

Air Conditioning South West Limited (Registered number: 10042807)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,456 16,247

CURRENT ASSETS
Debtors 5 171,933 120,592
Cash at bank and in hand 17,950 27,633
189,883 148,225
CREDITORS
Amounts falling due within one year 6 113,819 69,391
NET CURRENT ASSETS 76,064 78,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,520

95,081

PROVISIONS FOR LIABILITIES 3,113 4,062
NET ASSETS 85,407 91,019

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 85,404 91,016
SHAREHOLDERS' FUNDS 85,407 91,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

Air Conditioning South West Limited (Registered number: 10042807)

Statement of Financial Position - continued
31 March 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 28 November 2024 and were signed on its behalf by:




A J Wilks - Director S J B Reynolds - Director




P A White - Director


Air Conditioning South West Limited (Registered number: 10042807)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Air Conditioning South West 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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Air Conditioning South West Limited (Registered number: 10042807)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 April 2023 2,774 39,546 11,654 53,974
Additions - - 1,441 1,441
At 31 March 2024 2,774 39,546 13,095 55,415
Depreciation
At 1 April 2023 1,935 25,161 10,631 37,727
Charge for year 167 3,596 1,469 5,232
At 31 March 2024 2,102 28,757 12,100 42,959
Net book value
At 31 March 2024 672 10,789 995 12,456
At 31 March 2023 839 14,385 1,023 16,247

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 129,670 105,150
Other debtors 42,263 15,442
171,933 120,592

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 86,733 56,532
Taxation and social security 23,404 10,308
Other creditors 3,682 2,551
113,819 69,391

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
A J Wilks
Balance outstanding at start of year - -
Amounts advanced 51,898 -
Amounts repaid (46,434 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,464 -

Air Conditioning South West Limited (Registered number: 10042807)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The loan to the director - Mr A J Wilks of £5,464 (2023 - £0), included in other debtors, is interest free and .was repaid by a non-cash dividend within nine months of the year end.