Registered number
10058096
Absolute Climate Solutions Ltd
Filleted Accounts
31 March 2025
Absolute Climate Solutions Ltd
Company Information
Directors
S Muckle
J Wilton
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
Unit 23 Stanley Court
Richard Jones Road
Witney
Oxfordshire
Registered number
10058096
Absolute Climate Solutions Ltd
Registered number: 10058096
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 113,289 101,134
Current assets
Stocks 3,000 3,000
Debtors 4 166,992 162,557
Cash at bank and in hand 172,447 132,002
342,439 297,559
Creditors: amounts falling due within one year 5 (96,144) (95,737)
Net current assets 246,295 201,822
Total assets less current liabilities 359,584 302,956
Creditors: amounts falling due after more than one year 6 (35,974) (72,683)
Net assets 323,610 230,273
Capital and reserves
Called up share capital 100 100
Profit and loss account 323,510 230,173
Shareholders' funds 323,610 230,273
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Muckle J Wilton
Director
Approved by the board on 30 April 2025
Absolute Climate Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Computer equipment 33% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Plant and machinery Motor vehicles Computer equipment Total
£ £ £ £
Cost
At 1 April 2024 7,347 158,180 12,552 178,079
Additions - 91,270 915 92,185
Disposals - (85,725) - (85,725)
At 31 March 2025 7,347 163,725 13,467 184,539
Depreciation
At 1 April 2024 5,288 62,392 9,265 76,945
Charge for the year 515 42,249 1,388 44,152
On disposals - (49,847) - (49,847)
At 31 March 2025 5,803 54,794 10,653 71,250
Net book value
At 31 March 2025 1,544 108,931 2,814 113,289
At 31 March 2024 2,059 95,788 3,287 101,134
4 Debtors 2025 2024
£ £
Trade debtors 70,153 51,830
Other debtors 96,839 110,727
166,992 162,557
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 31,352 24,529
Taxation and social security costs 53,730 54,561
Other creditors 11,062 16,647
96,144 95,737
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 13,333 24,167
Obligations under finance lease and hire purchase contracts 22,641 48,516
35,974 72,683
7 Controlling party
The company is controlled by the directors.
8 Other information
Absolute Climate Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 23 Stanley Court
Richard Jones Road
Witney
Oxfordshire
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