Registered number
12229640
Clima-Tech HVAC Ltd
Filleted Accounts
30 September 2024
Clima-Tech HVAC Ltd
Registered number: 12229640
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 23,308 27,233
Current assets
Stocks 19,704 6,276
Debtors 4 101,362 144,999
Cash at bank and in hand 58,757 18,041
179,823 169,316
Creditors: amounts falling due within one year 5 (150,203) (147,983)
Net current assets 29,620 21,333
Net assets 52,928 48,566
Capital and reserves
Called up share capital 100 100
Profit and loss account 52,828 48,466
Shareholders' funds 52,928 48,566
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Shemmings
Director
Approved by the board on 13 January 2025
Clima-Tech HVAC Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 34,416
Additions 3,451
At 30 September 2024 37,867
Depreciation
At 1 October 2023 7,183
Charge for the year 7,376
At 30 September 2024 14,559
Net book value
At 30 September 2024 23,308
At 30 September 2023 27,233
4 Debtors 2024 2023
£ £
Trade debtors 98,018 114,055
Other debtors 3,344 30,944
101,362 144,999
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 130,606 163,803
Taxation and social security costs 13,604 (17,939)
Other creditors 5,993 2,119
150,203 147,983
6 Other information
Clima-Tech HVAC Ltd is a private company limited by shares and incorporated in England. Its registered office is: Unit G, Bristol Court, Martlesham Heath, Ipswich, IP5 3RY
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