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REGISTERED NUMBER: 03672506 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Bestaire Conditioning Limited

Bestaire Conditioning Limited (Registered number: 03672506)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bestaire Conditioning Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P C Jarvis
M F Jarvis
M R Jarvis





SECRETARY: P C Jarvis





REGISTERED OFFICE: Unit 2
Wessex Business Centre
Wedmore Road
Cheddar
Somerset
BS27 3EJ





REGISTERED NUMBER: 03672506 (England and Wales)





ACCOUNTANTS: Ardwyn Channon
Chartered Certified Accountants
c/o Ardwyn Channon Ltd
12 Victoria Street
Burnham on Sea
Somerset
TA8 1AL

Bestaire Conditioning Limited (Registered number: 03672506)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,100 45,150
Tangible assets 5 10,261 20,351
40,361 65,501

CURRENT ASSETS
Stocks 36,419 14,120
Debtors 6 245,157 273,309
Cash at bank 7,819 24,604
289,395 312,033
CREDITORS
Amounts falling due within one year 7 422,704 531,169
NET CURRENT LIABILITIES (133,309 ) (219,136 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(92,948

)

(153,635

)

PROVISIONS FOR LIABILITIES 708 2,545
NET LIABILITIES (93,656 ) (156,180 )

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings (93,758 ) (156,282 )
(93,656 ) (156,180 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:




P C Jarvis - Director M R Jarvis - Director



M F Jarvis - Director


Bestaire Conditioning Limited (Registered number: 03672506)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Bestaire Conditioning Limited 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.

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.

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future notwithstanding the deficiency of £93,656 in shareholders funds at 31 March 2024.

The validity of the assumption depends on the continuing support of the directors. Based on their experience of the business the directors believe that this support will continue and the directors therefore consider it appropriate to prepare the financial statements on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1998, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Bestaire Conditioning Limited (Registered number: 03672506)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 215,000
AMORTISATION
At 1 April 2023 169,850
Amortisation for year 15,050
At 31 March 2024 184,900
NET BOOK VALUE
At 31 March 2024 30,100
At 31 March 2023 45,150

5. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 7,383 61,080 10,702 79,165
Disposals - (21,290 ) - (21,290 )
At 31 March 2024 7,383 39,790 10,702 57,875
DEPRECIATION
At 1 April 2023 5,524 44,316 8,974 58,814
Charge for year 278 2,507 569 3,354
Eliminated on disposal - (14,554 ) - (14,554 )
At 31 March 2024 5,802 32,269 9,543 47,614
NET BOOK VALUE
At 31 March 2024 1,581 7,521 1,159 10,261
At 31 March 2023 1,859 16,764 1,728 20,351

Bestaire Conditioning Limited (Registered number: 03672506)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 42,580
Transfer to ownership (42,580 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 29,108
Transfer to ownership (29,108 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 13,472

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 225,977 238,179
Other debtors 7,106 7,106
Directors' current accounts 11,336 15,121
VAT - 12,149
Prepayments 738 754
245,157 273,309

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 21,667 31,667
Hire purchase contracts - 6,965
Trade creditors 212,326 290,357
Tax 12,886 7,106
Social security and other taxes 137,049 138,631
VAT 1,291 -
Other creditors 4,598 3,880
Directors' current accounts 20,967 44,405
Accrued expenses 11,920 8,158
422,704 531,169

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
P C Jarvis
Balance outstanding at start of year - 5,662
Amounts repaid - (5,662 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Bestaire Conditioning Limited (Registered number: 03672506)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

M R Jarvis
Balance outstanding at start of year 15,121 16,202
Amounts repaid (3,785 ) (1,081 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,336 15,121