IRIS Accounts Production v24.3.0.553 04283173 Board of Directors 1.4.23 29.2.24 29.2.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042831732023-03-31042831732024-02-29042831732023-04-012024-02-29042831732022-03-31042831732022-04-012023-03-31042831732023-03-3104283173ns14:PoundSterling2023-04-012024-02-2904283173ns10:Director12023-04-012024-02-2904283173ns10:PrivateLimitedCompanyLtd2023-04-012024-02-2904283173ns10:SmallEntities2023-04-012024-02-2904283173ns10:AuditExempt-NoAccountantsReport2023-04-012024-02-2904283173ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-02-2904283173ns10:SmallCompaniesRegimeForAccounts2023-04-012024-02-2904283173ns10:FullAccounts2023-04-012024-02-2904283173ns10:OrdinaryShareClass12023-04-012024-02-2904283173ns10:Director22023-04-012024-02-2904283173ns10:RegisteredOffice2023-04-012024-02-2904283173ns5:CurrentFinancialInstruments2024-02-2904283173ns5:CurrentFinancialInstruments2023-03-3104283173ns5:Non-currentFinancialInstruments2024-02-2904283173ns5:Non-currentFinancialInstruments2023-03-3104283173ns5:ShareCapital2024-02-2904283173ns5:ShareCapital2023-03-3104283173ns5:RetainedEarningsAccumulatedLosses2024-02-2904283173ns5:RetainedEarningsAccumulatedLosses2023-03-3104283173ns5:FurnitureFittings2023-04-012024-02-2904283173ns5:MotorVehicles2023-04-012024-02-2904283173ns5:ComputerEquipment2023-04-012024-02-2904283173ns5:FurnitureFittings2023-03-3104283173ns5:MotorVehicles2023-03-3104283173ns5:ComputerEquipment2023-03-3104283173ns5:FurnitureFittings2024-02-2904283173ns5:MotorVehicles2024-02-2904283173ns5:ComputerEquipment2024-02-2904283173ns5:FurnitureFittings2023-03-3104283173ns5:MotorVehicles2023-03-3104283173ns5:ComputerEquipment2023-03-3104283173ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-03-3104283173ns5:UnlistedNon-exchangeTradedns5:DisposalsRepaymentsInvestments2024-02-2904283173ns5:UnlistedNon-exchangeTradedns5:CostValuation2024-02-2904283173ns5:UnlistedNon-exchangeTraded2024-02-2904283173ns5:UnlistedNon-exchangeTraded2023-03-3104283173ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2904283173ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3104283173ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-02-2904283173ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3104283173ns5:DeferredTaxation2023-04-012024-02-2904283173ns5:DeferredTaxation2024-02-2904283173ns10:OrdinaryShareClass12024-02-2904283173ns5:RetainedEarningsAccumulatedLosses2023-03-3104283173ns5:RetainedEarningsAccumulatedLosses2023-04-012024-02-29
REGISTERED NUMBER: 04283173











Financial Statements

for the Period

1 April 2023 to 29 February 2024

for

ACCURATE COOLING SERVICES LIMITED

ACCURATE COOLING SERVICES LIMITED (REGISTERED NUMBER: 04283173)






Contents of the Financial Statements
for the Period 1 April 2023 to 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACCURATE COOLING SERVICES LIMITED

Company Information
for the Period 1 April 2023 to 29 February 2024







DIRECTORS: Mr S D Fosten
Mr P W Blackford





REGISTERED OFFICE: Robert Denholm House Bletchingley Road
Nutfield
Redhill
RH1 4HW





REGISTERED NUMBER: 04283173





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

ACCURATE COOLING SERVICES LIMITED (REGISTERED NUMBER: 04283173)

Balance Sheet
29 February 2024

29.2.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 302,102 216,066
Investments 5 - 1
Investment property 6 389,865 389,865
691,967 605,932

CURRENT ASSETS
Stocks 7 25,000 25,000
Debtors 8 868,053 924,236
Cash at bank 490,996 169,195
1,384,049 1,118,431
CREDITORS
Amounts falling due within one year 9 1,144,797 699,841
NET CURRENT ASSETS 239,252 418,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

931,219

1,024,522

CREDITORS
Amounts falling due after more than one year 10 - (209,208 )

PROVISIONS FOR LIABILITIES 11 (64,317 ) -
NET ASSETS 866,902 815,314

CAPITAL AND RESERVES
Called up share capital 12 4 4
Retained earnings 13 866,898 815,310
SHAREHOLDERS' FUNDS 866,902 815,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 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.

ACCURATE COOLING SERVICES LIMITED (REGISTERED NUMBER: 04283173)

Balance Sheet - continued
29 February 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 29 November 2024 and were signed on its behalf by:





Mr P W Blackford - Director


ACCURATE COOLING SERVICES LIMITED (REGISTERED NUMBER: 04283173)

Notes to the Financial Statements
for the Period 1 April 2023 to 29 February 2024

1. STATUTORY INFORMATION

Accurate Cooling Services Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 period 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 period 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.

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.

ACCURATE COOLING SERVICES LIMITED (REGISTERED NUMBER: 04283173)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 26 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 79,044 472,127 73,010 624,181
Additions 217 204,778 2,610 207,605
Disposals - (103,826 ) - (103,826 )
At 29 February 2024 79,261 573,079 75,620 727,960
DEPRECIATION
At 1 April 2023 24,263 315,517 68,335 408,115
Charge for period 18,164 98,844 4,561 121,569
Eliminated on disposal - (103,826 ) - (103,826 )
At 29 February 2024 42,427 310,535 72,896 425,858
NET BOOK VALUE
At 29 February 2024 36,834 262,544 2,724 302,102
At 31 March 2023 54,781 156,610 4,675 216,066

5. FIXED ASSET INVESTMENTS
Unlisted
investme
£   
COST
At 1 April 2023 1
Disposals (1 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 31 March 2023 1

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 29 February 2024 389,865
NET BOOK VALUE
At 29 February 2024 389,865
At 31 March 2023 389,865

ACCURATE COOLING SERVICES LIMITED (REGISTERED NUMBER: 04283173)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 29 February 2024

7. STOCKS
29.2.24 31.3.23
£    £   
Stocks 25,000 25,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 31.3.23
£    £   
Trade debtors 852,645 700,014
Amounts owed by group undertakings - 183,490
Other debtors 13,335 14,730
Directors' current accounts - 19,693
Prepayments and accrued income 2,073 6,309
868,053 924,236

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 31.3.23
£    £   
Trade creditors 570,659 518,053
Tax 95,523 11,491
Social security and other taxes 43,298 28,875
VAT 158,506 99,626
Other creditors 262,484 27,046
Directors' current accounts 581 -
Accruals and deferred income 13,746 14,750
1,144,797 699,841

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 31.3.23
£    £   
Bank loans more 5 yr by instal - 209,208

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 209,208

11. PROVISIONS FOR LIABILITIES
29.2.24 31.3.23
£    £   
Deferred tax 64,317 -

Deferred
tax
£   
Provided during period 64,317
Balance at 29 February 2024 64,317

ACCURATE COOLING SERVICES LIMITED (REGISTERED NUMBER: 04283173)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 29 February 2024

12. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 29.2.24 31.3.23
value: £    £   
4 Share capital 1 £1 4 4

13. RESERVES
Retained
earnings
£   

At 1 April 2023 815,310
Profit for the period 151,588
Dividends (100,000 )
At 29 February 2024 866,898

14. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £581 (2023 due from: £19,693), due and payable to the director. The amount is interest free and repayable on demand.