Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-3163127true8The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-11-01falseThe principal activity of the Company throughout the year continued to be the supply, installation and maintenance of air conditioning equipment.truefalse 05426810 2023-11-01 2024-10-31 05426810 2022-11-01 2023-10-31 05426810 2024-10-31 05426810 2023-10-31 05426810 2022-11-01 05426810 c:Director1 2023-11-01 2024-10-31 05426810 d:Buildings d:LongLeaseholdAssets 2023-11-01 2024-10-31 05426810 d:Buildings d:LongLeaseholdAssets 2024-10-31 05426810 d:Buildings d:LongLeaseholdAssets 2023-10-31 05426810 d:PlantMachinery 2023-11-01 2024-10-31 05426810 d:PlantMachinery 2024-10-31 05426810 d:PlantMachinery 2023-10-31 05426810 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 05426810 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 05426810 d:MotorVehicles 2023-11-01 2024-10-31 05426810 d:MotorVehicles 2024-10-31 05426810 d:MotorVehicles 2023-10-31 05426810 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 05426810 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 05426810 d:OfficeEquipment 2023-11-01 2024-10-31 05426810 d:OfficeEquipment 2024-10-31 05426810 d:OfficeEquipment 2023-10-31 05426810 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 05426810 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 05426810 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 05426810 d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 05426810 d:Goodwill 2024-10-31 05426810 d:Goodwill 2023-10-31 05426810 d:CurrentFinancialInstruments 2024-10-31 05426810 d:CurrentFinancialInstruments 2023-10-31 05426810 d:Non-currentFinancialInstruments 2024-10-31 05426810 d:Non-currentFinancialInstruments 2023-10-31 05426810 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 05426810 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 05426810 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 05426810 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 05426810 d:ShareCapital 2024-10-31 05426810 d:ShareCapital 2023-10-31 05426810 d:RetainedEarningsAccumulatedLosses 2024-10-31 05426810 d:RetainedEarningsAccumulatedLosses 2023-10-31 05426810 c:FRS102 2023-11-01 2024-10-31 05426810 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05426810 c:FullAccounts 2023-11-01 2024-10-31 05426810 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05426810 d:WithinOneYear 2024-10-31 05426810 d:BetweenOneFiveYears 2024-10-31 05426810 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 05426810 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 05426810 d:RetirementBenefitObligationsDeferredTax 2024-10-31 05426810 d:RetirementBenefitObligationsDeferredTax 2023-10-31 05426810 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-10-31 05426810 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-10-31 05426810 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-10-31 05426810 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-10-31 05426810 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-10-31 05426810 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-10-31 05426810 d:LeasedAssetsHeldAsLessee 2024-10-31 05426810 d:LeasedAssetsHeldAsLessee 2023-10-31 05426810 d:Goodwill d:OwnedIntangibleAssets 2023-11-01 2024-10-31 05426810 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 05426810










AIR CONDITIONING SERVICES (GB) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

 
AIR CONDITIONING SERVICES (GB) LIMITED
REGISTERED NUMBER: 05426810

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
2,917
7,917

Tangible assets
 5 
124,080
172,756

  
126,997
180,673

Current assets
  

Stocks
  
6,615
6,300

Debtors: amounts falling due within one year
 6 
309,863
151,364

Cash at bank and in hand
  
53
53

  
316,531
157,717

Creditors: amounts falling due within one year
 7 
(298,002)
(207,311)

Net current assets/(liabilities)
  
 
 
18,529
 
 
(49,594)

Total assets less current liabilities
  
145,526
131,079

Creditors: amounts falling due after more than one year
 8 
(90,961)
(123,190)

Provisions for liabilities
  

Deferred tax
 9 
(6,685)
(10,722)

Net assets/(liabilities)
  
47,880
(2,833)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
47,780
(2,933)

  
47,880
(2,833)


Page 1

 
AIR CONDITIONING SERVICES (GB) LIMITED
REGISTERED NUMBER: 05426810
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 February 2025.




J Brown
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
AIR CONDITIONING SERVICES (GB) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Air Conditioning Services (GB) Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 05426810). Its registered office is Cobnar Wood Close, Chesterfield Trading Estate, Chesterfield, Derbyshire, S41 9RQ. The principal activity of the Company throughout the year continued to be that of the supply, installation and maintenance of air conditioning equipment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
AIR CONDITIONING SERVICES (GB) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Statement of Income and Retained Earnings at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.5

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Income and Retained Earnings over its useful economic life, which is twenty years.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
AIR CONDITIONING SERVICES (GB) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

 
2.8

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.9

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
AIR CONDITIONING SERVICES (GB) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Deferred tax balances are recognised in respect of all timing differences that have originated but not
reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 8).


4.


Intangible assets




Goodwill

£



Cost


At 1 November 2023
100,000



At 31 October 2024

100,000



Amortisation


At 1 November 2023
92,083


Charge for the year on owned assets
5,000



At 31 October 2024

97,083



Net book value



At 31 October 2024
2,917



At 31 October 2023
7,917



Page 6

 
AIR CONDITIONING SERVICES (GB) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Tangible fixed assets





L/Term Leasehold Property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost


At 1 November 2023
31,561
13,969
186,098
39,020
270,648


Additions
-
-
-
2,084
2,084


Disposals
-
-
(15,432)
(12,773)
(28,205)



At 31 October 2024

31,561
13,969
170,666
28,331
244,527



Depreciation


At 1 November 2023
-
5,447
70,186
22,259
97,892


Charge for the year on owned assets
6,312
68
1,514
1,904
9,798


Charge for the year on financed assets
-
2,063
24,413
471
26,947


Disposals
-
-
(3,230)
(10,960)
(14,190)



At 31 October 2024

6,312
7,578
92,883
13,674
120,447



Net book value



At 31 October 2024
25,249
6,391
77,783
14,657
124,080



At 31 October 2023
31,561
8,522
115,912
16,761
172,756

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
6,189
8,250

Motor vehicles
73,239
109,835

Furniture, fittings and equipment
2,670
3,141

82,098
121,226

Page 7

 
AIR CONDITIONING SERVICES (GB) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
185,624
89,909

Other debtors
116,893
61,455

Tax recoverable
7,346
-

309,863
151,364



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
84,182
61,755

Bank loans
5,478
5,342

Trade creditors
75,834
62,267

Corporation tax
51,096
8,027

Other taxation and social security
48,264
34,885

Obligations under finance lease and hire purchase contracts
18,493
22,936

Other creditors
14,655
12,099

298,002
207,311


Amounts included within net obligations under finance leases and hire purchase contracts falling due within one year totalling £18,493 (2023: £22,936) are secured against the underlying assets.

Page 8

 
AIR CONDITIONING SERVICES (GB) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
26,821
32,299

Net obligations under finance leases and hire purchase contracts
64,140
90,891

90,961
123,190


Amounts included within net obligations under finance leases and hire purchase contracts falling due after more than one year totalling £64,140 (2023: £90,891) are secured against the underlying assets.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2024
2023
£
£


Repayable by instalments
3,486
9,539




9.


Deferred taxation




2024
2023


£

£






At beginning of year
10,722
8,326


Charged to profit or loss
(4,037)
2,396



At end of year
6,685
10,722

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
6,893
10,928

Pension surplus
(208)
(206)

6,685
10,722

Page 9

 
AIR CONDITIONING SERVICES (GB) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £8,297 (2023: £10,143). Contributions totalling £834 (2023: £982) were payable to the fund at the Balance Sheet date and are included in creditors.


11.


Commitments under operating leases

At 31 October 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
£


Not later than 1 year
14,000

Later than 1 year and not later than 5 years
42,000

56,000

 
Page 10