Blue Mountain Air Conditioning Ltd 05974241 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is plumbing, heat and air-conditioning installation Digita Accounts Production Advanced 6.30.9574.0 true 05974241 2023-12-01 2024-11-30 05974241 2024-11-30 05974241 bus:OrdinaryShareClass1 2024-11-30 05974241 bus:OrdinaryShareClass2 2024-11-30 05974241 core:CurrentFinancialInstruments 2024-11-30 05974241 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 05974241 core:FurnitureFittingsToolsEquipment 2024-11-30 05974241 core:MotorVehicles 2024-11-30 05974241 core:OtherPropertyPlantEquipment 2024-11-30 05974241 bus:SmallEntities 2023-12-01 2024-11-30 05974241 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 05974241 bus:FilletedAccounts 2023-12-01 2024-11-30 05974241 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 05974241 bus:RegisteredOffice 2023-12-01 2024-11-30 05974241 bus:Director2 2023-12-01 2024-11-30 05974241 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 05974241 bus:OrdinaryShareClass2 2023-12-01 2024-11-30 05974241 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 05974241 core:ComputerEquipment 2023-12-01 2024-11-30 05974241 core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 05974241 core:MotorVehicles 2023-12-01 2024-11-30 05974241 core:OtherPropertyPlantEquipment 2023-12-01 2024-11-30 05974241 core:PlantMachinery 2023-12-01 2024-11-30 05974241 core:KeyManagementPersonnel 2023-12-01 2024-11-30 05974241 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-12-01 2024-11-30 05974241 countries:EnglandWales 2023-12-01 2024-11-30 05974241 2023-11-30 05974241 core:FurnitureFittingsToolsEquipment 2023-11-30 05974241 core:MotorVehicles 2023-11-30 05974241 core:OtherPropertyPlantEquipment 2023-11-30 05974241 2022-12-01 2023-11-30 05974241 2023-11-30 05974241 bus:OrdinaryShareClass1 2023-11-30 05974241 bus:OrdinaryShareClass2 2023-11-30 05974241 core:CurrentFinancialInstruments 2023-11-30 05974241 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 05974241 core:FurnitureFittingsToolsEquipment 2023-11-30 05974241 core:MotorVehicles 2023-11-30 05974241 core:OtherPropertyPlantEquipment 2023-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05974241

Blue Mountain Air Conditioning Ltd

Filleted Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 November 2024

 

Blue Mountain Air Conditioning Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Blue Mountain Air Conditioning Ltd

Company Information

Director

Mr P Vaughan

Registered office

318 Woodside Way
Springvale Industrial Estate
Cwmbran
Torfaen
NP44 5BR

Accountants

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

 

Blue Mountain Air Conditioning Ltd

(Registration number: 05974241)
Abridged Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

126,124

140,411

Investment property

-

144,000

 

126,124

284,411

Current assets

 

Stocks

10,000

10,000

Debtors

103,311

93,171

Cash at bank and in hand

 

497,174

242,671

 

610,485

345,842

Prepayments and accrued income

 

14,305

9,392

Creditors: Amounts falling due within one year

(80,789)

(47,473)

Net current assets

 

544,001

307,761

Total assets less current liabilities

 

670,125

592,172

Provisions for liabilities

(11,624)

(18,123)

Accruals and deferred income

 

(1,800)

(1,700)

Net assets

 

656,701

572,349

Capital and reserves

 

Called up share capital

6

901

901

Share premium reserve

3,305

3,305

Capital redemption reserve

217

217

Retained earnings

652,278

567,926

Shareholders' funds

 

656,701

572,349

 

Blue Mountain Air Conditioning Ltd

(Registration number: 05974241)
Abridged Balance Sheet as at 30 November 2024

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 April 2025
 

.........................................

Mr P Vaughan
Director

 

Blue Mountain Air Conditioning Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
318 Woodside Way
Springvale Industrial Estate
Cwmbran
Torfaen
NP44 5BR

These financial statements were authorised for issue by the director on 25 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Blue Mountain Air Conditioning Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% Reducing balance

Motor vehicles

25% Reducing balance

Plant and machinery

25% Reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Blue Mountain Air Conditioning Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Hire purchase and leasing commitments

Rentals paid under operating leases are charges to profit or lose on a straight line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Blue Mountain Air Conditioning Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024

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 lasses 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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 11 (2023 - 12).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 December 2023

10,874

166,839

28,627

206,340

Additions

409

82,171

154

82,734

Disposals

-

(75,975)

-

(75,975)

At 30 November 2024

11,283

173,035

28,781

213,099

Depreciation

At 1 December 2023

4,936

40,263

20,730

65,929

Charge for the year

1,507

24,713

1,990

28,210

Eliminated on disposal

-

(7,164)

-

(7,164)

At 30 November 2024

6,443

57,812

22,720

86,975

Carrying amount

At 30 November 2024

4,840

115,223

6,061

126,124

At 30 November 2023

5,938

126,576

7,897

140,411

 

Blue Mountain Air Conditioning Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024

Investment properties

2024
£

At 1 December

144,000

Disposals

(144,000)

At 30 November

-

There has been no valuation of investment property by an independent valuer.

5

Related party transactions

Key management personnel

Director

Summary of transactions with key management

During the year the company made unsecured, interest free, repayable on demand loans to the director. At the balance sheet date the amount owed by the director was £22,366 (2023 - £21,934).
 

6

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

897

897

900

900

Ordinary B shares of £1 each

4

4

1

1

 

901

901

901

901

New shares allotted

During the year 3 Ordinary B shares having an aggregate nominal value of £3 were redesignated from Ordinary shares for an aggregate consideration of £3.