Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11480971 Mr James Steiger iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11480971 2023-12-31 11480971 2024-12-31 11480971 2024-01-01 2024-12-31 11480971 frs-core:CurrentFinancialInstruments 2024-12-31 11480971 frs-core:Non-currentFinancialInstruments 2024-12-31 11480971 frs-core:BetweenOneFiveYears 2024-12-31 11480971 frs-core:FurnitureFittings 2024-12-31 11480971 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11480971 frs-core:FurnitureFittings 2023-12-31 11480971 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 11480971 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 11480971 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 11480971 frs-core:PlantMachinery 2024-12-31 11480971 frs-core:PlantMachinery 2024-01-01 2024-12-31 11480971 frs-core:PlantMachinery 2023-12-31 11480971 frs-core:WithinOneYear 2024-12-31 11480971 frs-core:ShareCapital 2024-12-31 11480971 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11480971 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11480971 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11480971 frs-bus:SmallEntities 2024-01-01 2024-12-31 11480971 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11480971 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11480971 frs-bus:Director1 2024-01-01 2024-12-31 11480971 frs-bus:Director1 2023-12-31 11480971 frs-bus:Director1 2024-12-31 11480971 frs-countries:EnglandWales 2024-01-01 2024-12-31 11480971 2022-12-31 11480971 2023-12-31 11480971 2023-01-01 2023-12-31 11480971 frs-core:CurrentFinancialInstruments 2023-12-31 11480971 frs-core:Non-currentFinancialInstruments 2023-12-31 11480971 frs-core:BetweenOneFiveYears 2023-12-31 11480971 frs-core:WithinOneYear 2023-12-31 11480971 frs-core:ShareCapital 2023-12-31 11480971 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11480971
Heating Ventilation and Cooling Rental Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11480971
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 670,384 330,583
670,384 330,583
CURRENT ASSETS
Debtors 5 130,906 72,215
Cash at bank and in hand 100,367 89,482
231,273 161,697
Creditors: Amounts Falling Due Within One Year 6 (121,703 ) (142,869 )
NET CURRENT ASSETS (LIABILITIES) 109,570 18,828
TOTAL ASSETS LESS CURRENT LIABILITIES 779,954 349,411
Creditors: Amounts Falling Due After More Than One Year 7 (384,341 ) (270,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (166,487 ) (19,790 )
NET ASSETS 229,126 59,621
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 229,124 59,619
SHAREHOLDERS' FUNDS 229,126 59,621
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Steiger
Director
14 February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Heating Ventilation and Cooling Rental Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11480971 . The registered office is HVAC Rental, Lower Assendon, Henley on Thames, Berkshire, RG9 6AN.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
In preparing the financial statements in accordance with FRS 102, management is required to make judgements,
estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets,
liabilities, income, and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised if the revision affects only that period or in the period of
the revision and future periods if the revision affects both current and future periods.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Straight Line over 5 years
Plant & Machinery On Cost 2-10 years
Fixtures & Fittings 20% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: NIL)
1 -
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 3,961 350,377 - 354,338
Additions 4,219 467,792 15,489 487,500
Disposals - (55,844 ) - (55,844 )
As at 31 December 2024 8,180 762,325 15,489 785,994
Depreciation
As at 1 January 2024 402 23,353 - 23,755
Provided during the period 1,257 93,551 1,369 96,177
Disposals - (4,322 ) - (4,322 )
As at 31 December 2024 1,659 112,582 1,369 115,610
Net Book Value
As at 31 December 2024 6,521 649,743 14,120 670,384
As at 1 January 2024 3,559 327,024 - 330,583
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 106,483 57,360
Other debtors 24,423 14,855
130,906 72,215
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 36,105 -
Trade creditors 24,132 46,615
Bank loans and overdrafts 30,002 30,002
Other loans - 49,999
Amounts owed to group undertakings 222 1,221
Other creditors 29,968 15,032
Taxation and social security 1,274 -
121,703 142,869
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 114,341 -
Bank loans 270,000 270,000
384,341 270,000
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 36,105 -
Later than one year and not later than five years 114,341 -
150,446 -
150,446 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr James Steiger (133 ) 20,208 20,000 - 75
The above loan is unsecured, interest free and repayable on demand.
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