Registered number
04522406
Tuscan Air Conditioning Services Limited
Filleted Accounts
31 August 2024
Tuscan Air Conditioning Services Limited
Registered number: 04522406
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 23,700 40,059
Current assets
Debtors 4 21,930 41,558
Cash at bank and in hand 54,212 68,987
76,142 110,545
Creditors: amounts falling due within one year 5 (48,092) (51,962)
Net current assets 28,050 58,583
Total assets less current liabilities 51,750 98,642
Creditors: amounts falling due after more than one year 6 - (24,530)
Provisions for liabilities (5,925) (7,611)
Net assets 45,825 66,501
Capital and reserves
Called up share capital 100 100
Profit and loss account 45,725 66,401
Shareholder's funds 45,825 66,501
Number Number
Average number of employees 1 1
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
N.I. Bassett
Director
Approved by the board on 27 May 2025
Tuscan Air Conditioning Services Limited
Notes to the Accounts
for the year ended 31 August 2024
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:
Impovements to property 10% on cost
Fixtures, fittings, tools and equipment 20% on reducing balance
Motor vehicles 25% on reducing balance
Computer equipment 33% on cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 10,056 8,987 75,798 94,841
Disposals - - (32,950) (32,950)
At 31 August 2024 10,056 8,987 42,848 61,891
Depreciation
At 1 September 2023 10,056 8,185 36,541 54,782
Charge for the year - 680 7,860 8,540
On disposals - - (25,131) (25,131)
At 31 August 2024 10,056 8,865 19,270 38,191
Net book value
At 31 August 2024 - 122 23,578 23,700
At 31 August 2023 - 802 39,257 40,059
4 Debtors 2024 2023
£ £
Trade debtors 20,128 36,369
Directors current account - 937
Other debtors 1,802 4,252
21,930 41,558
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 5,600
Obligations under finance lease and hire purchase contracts - 4,566
Trade creditors 7,034 24,527
Taxation and social security costs 13,681 10,251
Directors loan account 21,511 -
Other creditors 5,866 7,018
48,092 51,962
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 10,267
Obligations under finance lease and hire purchase contracts - 14,263
- 24,530
7 Other information
Tuscan Air Conditioning Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Marden Manor
1 The Crescent
Woldingham
Surrey
CR3 7DB
Tuscan Air Conditioning Services Limited 04522406 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts April 2025 N.I. Bassett No description of principal activity 04522406 2022-09-01 2023-08-31 04522406 core:WithinOneYear 2023-08-31 04522406 core:AfterOneYear 2023-08-31 04522406 core:ShareCapital 2023-08-31 04522406 core:RetainedEarningsAccumulatedLosses 2023-08-31 04522406 2023-09-01 2024-08-31 04522406 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04522406 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 04522406 bus:Director40 2023-09-01 2024-08-31 04522406 1 2023-09-01 2024-08-31 04522406 2 2023-09-01 2024-08-31 04522406 core:LandBuildings 2023-09-01 2024-08-31 04522406 core:PlantMachinery 2023-09-01 2024-08-31 04522406 core:Vehicles 2023-09-01 2024-08-31 04522406 countries:England 2023-09-01 2024-08-31 04522406 bus:FRS102 2023-09-01 2024-08-31 04522406 bus:FilletedAccounts 2023-09-01 2024-08-31 04522406 2024-08-31 04522406 core:WithinOneYear 2024-08-31 04522406 core:AfterOneYear 2024-08-31 04522406 core:ShareCapital 2024-08-31 04522406 core:RetainedEarningsAccumulatedLosses 2024-08-31 04522406 core:LandBuildings 2024-08-31 04522406 core:PlantMachinery 2024-08-31 04522406 core:Vehicles 2024-08-31 04522406 2023-08-31 04522406 core:LandBuildings 2023-08-31 04522406 core:PlantMachinery 2023-08-31 04522406 core:Vehicles 2023-08-31 iso4217:GBP xbrli:pure