2023-08-01 03804952 2024-07-31 03804952 2023-08-01 2024-07-31 03804952 2023-07-31 03804952 2022-08-01 2023-07-31 03804952 uk-core:WithinOneYear 2023-07-31 03804952 uk-core:WithinOneYear 2024-07-31 03804952 uk-core:ShareCapital 2024-07-31 03804952 uk-core:ShareCapital 2023-07-31 03804952 uk-core:RetainedEarningsAccumulatedLosses 2024-07-31 03804952 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 03804952 uk-bus:Director1 2023-08-01 2024-07-31 03804952 uk-core:PlantMachinery 2023-08-01 2024-07-31 03804952 uk-core:CommercialMotorVehicles 2023-08-01 2024-07-31 03804952 uk-core:FurnitureFittings 2023-08-01 2024-07-31 03804952 uk-core:FurnitureFittings 2023-07-31 03804952 uk-core:CommercialMotorVehicles 2023-07-31 03804952 uk-core:PlantMachinery 2023-07-31 03804952 uk-core:PlantMachinery 2024-07-31 03804952 uk-core:CommercialMotorVehicles 2024-07-31 03804952 uk-core:FurnitureFittings 2024-07-31 iso4217:GBP xbrli:pure 03804952 uk-bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 03804952 uk-bus:FRS102 2023-08-01 2024-07-31 03804952 uk-bus:FilletedAccounts 2023-08-01 2024-07-31 03804952 uk-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31
Paul Hanstock Air Conditioning Services Limited
Registered Number:03804952
For the year ended 31 July 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2024
Paul Hanstock Air Conditioning Services Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
03804952
As at 31 July 2024
Paul Hanstock Air Conditioning Services Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
41,344
62,059
2
41,344
62,059
Current assets
Inventories
20,000
60,000
3
Trade and other receivables
25,380
48,418
4
304,352
Cash and cash equivalents
195,134
303,552
349,732
Trade and other payables: amounts falling due within one
year
(93,285)
(89,054)
5
256,447
214,498
Net current assets
Total assets less current liabilities
255,842
318,506
(7,900)
(11,800)
Provisions for liabilities
247,942
Net assets
306,706
Capital and reserves
Called up share capital
102
102
Retained earnings
247,840
306,604
247,942
306,706
Shareholders' funds
For the year ended 31 July 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 of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr P. Hanstock Director
These financial statements were approved and authorised for issue by the Board on 27 November 2024 and were signed by:
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4
Registered Number :
03804952
For the year ended 31 July 2024
Paul Hanstock Air Conditioning Services Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 July 2024
Paul Hanstock Air Conditioning Services Limited
Notes to the Financial Statements
Statutory Information
Paul Hanstock Air Conditioning Services Limited is a private limited company, limited by shares, domiciled in
England and Wales, registration number 03804952.
Registered address:
18 Moorgate Crescent
Dronfield
Derbyshire
S18 1YF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.
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For the year ended 31 July 2024
Paul Hanstock Air Conditioning Services Limited
Notes to the Financial Statements Continued
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 the 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 timing differences. 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 future profits.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 August 2023
150,255
40,675
98,876
10,704
2,188
2,188
-
-
Additions
-
(18,758)
-
Disposals
(18,758)
At 31 July 2024
10,704
80,118
42,863
133,685
Provision for depreciation and impairment
At 01 August 2023
88,196
33,546
45,352
9,298
Charge for year
12,352
1,398
10,743
211
(8,207)
-
(8,207)
-
On disposal
At 31 July 2024
92,341
34,944
47,888
9,509
At 31 July 2024
Net book value
1,195
32,230
7,919
41,344
At 31 July 2023
1,406
53,524
7,129
62,059
3. Inventories
2023
2024
£
£
Stocks
60,000
20,000
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For the year ended 31 July 2024
Paul Hanstock Air Conditioning Services Limited
Notes to the Financial Statements Continued
4. Trade and other receivables
2023
2024
£
£
Trade debtors
43,910
21,499
Other debtors
4,508
3,881
25,380
48,418
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
50,574
31,023
Taxation and social security
22,577
16,205
Other creditors
15,903
46,057
89,054
93,285
6. Related party transactions
The directors are also shareholders of the company. Dividends paid to the directors, as shareholders of the
company, during the year (with the previous year shown in brackets) were as follows: Mr P. Hanstock £44,800
(£43,800); Mr P. Hanstock £41,200 (£40,200).
7. Average number of persons employed
During the year the average number of employees was 4 (2023 : 4)
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