Company Registration No. 07834829 (England and Wales)
Air Conditioning Installations Uk Limited
Unaudited accounts
for the year ended 31 March 2025
Air Conditioning Installations Uk Limited
Unaudited accounts
Contents
Air Conditioning Installations Uk Limited
Company Information
for the year ended 31 March 2025
Company Number
07834829 (England and Wales)
Registered Office
3 Coughton Close
Daventry
Northamptonshire
NN11 8AW
England
Accountants
Canary Accounting Limited
31 Lee Drive
Houlton
Rugby
Warwickshire
CV23 1AG
Air Conditioning Installations Uk Limited
Statement of financial position
as at 31 March 2025
Tangible assets
27,873
4,628
Cash at bank and in hand
8,160
11,886
Creditors: amounts falling due within one year
(20,708)
(23,651)
Net current liabilities
(4,974)
(1,888)
Total assets less current liabilities
22,899
2,740
Creditors: amounts falling due after more than one year
(17,591)
-
Provisions for liabilities
Deferred tax
(5,296)
(1,157)
Called up share capital
2
2
Profit and loss account
10
1,581
Shareholders' funds
12
1,583
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 April 2025 and were signed on its behalf by
D Kelly Basker
Director
Company Registration No. 07834829
Air Conditioning Installations Uk Limited
Notes to the Accounts
for the year ended 31 March 2025
Air Conditioning Installations Uk Limited is a private company, limited by shares, registered in England and Wales, registration number 07834829. The registered office is 3 Coughton Close, Daventry, Northamptonshire, NN11 8AW, England.
2
Compliance with accounting standards
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 principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 £.
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, 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.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Plant & machinery
25% on cost
Motor vehicles
25% on reducing balance
Fixtures & fittings
20% on cost
Computer equipment
33% on cost
The tax expense represents the sum of the tax currently payable and deferred tax.
Air Conditioning Installations Uk Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
-
23,886
615
5,379
29,880
Additions
410
25,343
-
-
25,753
At 31 March 2025
410
49,229
615
5,379
55,633
At 1 April 2024
-
21,495
10
3,747
25,252
Charge for the year
98
1,654
123
633
2,508
At 31 March 2025
98
23,149
133
4,380
27,760
At 31 March 2025
312
26,080
482
999
27,873
At 31 March 2024
-
2,391
605
1,632
4,628
Amounts falling due within one year
Air Conditioning Installations Uk Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,014
-
Taxes and social security
10,618
13,994
Other creditors
5,039
7,947
7
Creditors: amounts falling due after more than one year
2025
2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan
-
777
-
777
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).