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REGISTERED NUMBER: 05301977 (England and Wales)















AIR CONDITIONING & CHILLER CO. LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024






AIR CONDITIONING & CHILLER CO. LTD (REGISTERED NUMBER: 05301977)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AIR CONDITIONING & CHILLER CO. LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTORS: Mr G D Marshall
Mrs K L Marshall





SECRETARY: Mrs K L Marshall





REGISTERED OFFICE: 26 Paddock Close
High Oakham
Mansfield
Nottinghamshire
NG18 5AS





REGISTERED NUMBER: 05301977 (England and Wales)





ACCOUNTANTS: Killicks Limited
35/37 Kingsway
Kirkby in Ashfield
Nottinghamshire
NG17 7DR

AIR CONDITIONING & CHILLER CO. LTD (REGISTERED NUMBER: 05301977)

BALANCE SHEET
28 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,103 17,537

CURRENT ASSETS
Debtors 5 192,031 106,522
Cash at bank - 10,000
192,031 116,522
CREDITORS
Amounts falling due within one year 6 151,575 133,923
NET CURRENT ASSETS/(LIABILITIES) 40,456 (17,401 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,559

136

CREDITORS
Amounts falling due after more than one year 7 22,834 -
NET ASSETS 31,725 136

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 31,625 36
31,725 136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 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.

AIR CONDITIONING & CHILLER CO. LTD (REGISTERED NUMBER: 05301977)

BALANCE SHEET - continued
28 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2024 and were signed on its behalf by:





Mr G D Marshall - Director


AIR CONDITIONING & CHILLER CO. LTD (REGISTERED NUMBER: 05301977)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1. STATUTORY INFORMATION

Air Conditioning & Chiller Co. Ltd 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.

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.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

AIR CONDITIONING & CHILLER CO. LTD (REGISTERED NUMBER: 05301977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 March 2023 87,236
Additions 1,160
At 28 February 2024 88,396
DEPRECIATION
At 1 March 2023 69,699
Charge for year 4,594
At 28 February 2024 74,293
NET BOOK VALUE
At 28 February 2024 14,103
At 28 February 2023 17,537

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 54,256 49,170
Other debtors 137,775 57,352
192,031 106,522

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 29,978 29,131
Hire purchase contracts 4,673 25,777
Trade creditors 10,683 6,631
Taxation and social security 102,460 69,467
Other creditors 3,781 2,917
151,575 133,923

AIR CONDITIONING & CHILLER CO. LTD (REGISTERED NUMBER: 05301977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,211 -
Hire purchase contracts 13,623 -
22,834 -

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2024 and 28 February 2023:

2024 2023
£    £   
Mr G D Marshall
Balance outstanding at start of year 22,137 -
Amounts advanced 27,386 22,137
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,523 22,137

Mrs K L Marshall
Balance outstanding at start of year 28,261 -
Amounts advanced 21,737 28,261
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,998 28,261

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £36,700 (2023 - £36,700) were paid to the directors .