Company Registration No. 10873630 (England and Wales)
H&H AIR CONDITIONING LTD
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
H&H AIR CONDITIONING LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
H&H AIR CONDITIONING LTD
Company Registration No. 10873630
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
130,342
112,563
Cash at bank and in hand
-
0
18,826
130,342
131,389
Creditors: amounts falling due within one year
4
(112,766)
(106,233)
Net current assets
17,576
25,156
Creditors: amounts falling due after more than one year
5
(17,248)
(24,307)
Net assets
328
849
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
228
749
Total equity
328
849

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 16 April 2025 and are signed on its behalf by:
P Haskins
Director
H&H AIR CONDITIONING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 2 -
1
Accounting policies
Company information

H&H Air Conditioning Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Old Rectory, Church Street, Weybridge, Surrey, KT13 8DE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the directors are aware of material uncertainties which may cause doubt on the company's ability to continue as a going concern.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in air conditioning, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

H&H AIR CONDITIONING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
93,576
55,498
Other debtors
36,766
57,065
130,342
112,563
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
7,321
6,587
Trade creditors
33,627
41,072
Taxation and social security
63,986
51,304
Other creditors
7,832
7,270
112,766
106,233

 

H&H AIR CONDITIONING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 4 -
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
17,248
24,307
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
7
Directors' transactions

At the beginning of the period the company was owed a total of £37,230 from the directors, R Hill and P Haskins. During the period advances of £176,125 were made with no advances in excess of £10,000. Repayments of £154,077 were made during the year with one repayment in excess of £10,000. Included within the directors' current account is an interest charge of £1,354 which has been calculated using the official HMRC rates. At the balance sheet date the directors owed £23,402 to the company.

H&H AIR CONDITIONING LTD
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 31 JULY 2024
2024-07-312023-08-01falsefalsefalse17 April 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityP HaskinsR Hill108736302023-08-012024-07-31108736302024-07-31108736302023-07-3110873630core:CurrentFinancialInstrumentscore:WithinOneYear2024-07-3110873630core:CurrentFinancialInstrumentscore:WithinOneYear2023-07-3110873630core:Non-currentFinancialInstrumentscore:AfterOneYear2024-07-3110873630core:Non-currentFinancialInstrumentscore:AfterOneYear2023-07-3110873630core:CurrentFinancialInstruments2024-07-3110873630core:CurrentFinancialInstruments2023-07-3110873630core:ShareCapital2024-07-3110873630core:ShareCapital2023-07-3110873630core:RetainedEarningsAccumulatedLosses2024-07-3110873630core:RetainedEarningsAccumulatedLosses2023-07-3110873630core:ShareCapitalOrdinaryShareClass12024-07-3110873630core:ShareCapitalOrdinaryShareClass12023-07-3110873630bus:Director12023-08-012024-07-31108736302022-08-012023-07-3110873630core:WithinOneYear2024-07-3110873630core:WithinOneYear2023-07-3110873630core:Non-currentFinancialInstruments2024-07-3110873630core:Non-currentFinancialInstruments2023-07-3110873630bus:OrdinaryShareClass12023-08-012024-07-3110873630bus:OrdinaryShareClass12024-07-3110873630bus:OrdinaryShareClass12023-07-3110873630bus:PrivateLimitedCompanyLtd2023-08-012024-07-3110873630bus:SmallCompaniesRegimeForAccounts2023-08-012024-07-3110873630bus:FRS1022023-08-012024-07-3110873630bus:AuditExemptWithAccountantsReport2023-08-012024-07-3110873630bus:Director22023-08-012024-07-3110873630bus:FullAccounts2023-08-012024-07-31xbrli:purexbrli:sharesiso4217:GBP