Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312025-05-16The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-06-01Air conditioning systems1416truetruefalse 03054073 2023-06-01 2024-05-31 03054073 2022-06-01 2023-05-31 03054073 2024-05-31 03054073 2023-05-31 03054073 c:Director1 2023-06-01 2024-05-31 03054073 d:Buildings d:ShortLeaseholdAssets 2023-06-01 2024-05-31 03054073 d:Buildings d:ShortLeaseholdAssets 2024-05-31 03054073 d:Buildings d:ShortLeaseholdAssets 2023-05-31 03054073 d:MotorVehicles 2023-06-01 2024-05-31 03054073 d:MotorVehicles 2024-05-31 03054073 d:MotorVehicles 2023-05-31 03054073 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03054073 d:FurnitureFittings 2023-06-01 2024-05-31 03054073 d:FurnitureFittings 2024-05-31 03054073 d:FurnitureFittings 2023-05-31 03054073 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03054073 d:ComputerEquipment 2023-06-01 2024-05-31 03054073 d:ComputerEquipment 2024-05-31 03054073 d:ComputerEquipment 2023-05-31 03054073 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03054073 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03054073 d:CurrentFinancialInstruments 2024-05-31 03054073 d:CurrentFinancialInstruments 2023-05-31 03054073 d:Non-currentFinancialInstruments 2024-05-31 03054073 d:Non-currentFinancialInstruments 2023-05-31 03054073 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 03054073 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 03054073 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 03054073 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 03054073 d:ShareCapital 2024-05-31 03054073 d:ShareCapital 2023-05-31 03054073 d:RetainedEarningsAccumulatedLosses 2024-05-31 03054073 d:RetainedEarningsAccumulatedLosses 2023-05-31 03054073 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 03054073 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 03054073 c:FRS102 2023-06-01 2024-05-31 03054073 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 03054073 c:FullAccounts 2023-06-01 2024-05-31 03054073 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03054073 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 03054073










GREENHILL AIR CONDITIONING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
GREENHILL AIR CONDITIONING LIMITED
REGISTERED NUMBER: 03054073

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
19,809
8,511

Current assets
  

Stocks
  
600,000
1,044,500

Debtors: amounts falling due within one year
 5 
546,635
860,097

Cash at bank and in hand
  
57,274
119,516

  
1,203,909
2,024,113

Creditors: amounts falling due within one year
 6 
(685,759)
(1,418,919)

Net current assets
  
 
 
518,150
 
 
605,194

Total assets less current liabilities
  
537,959
613,705

Creditors: amounts falling due after more than one year
 7 
(105,022)
(163,969)

Provisions for liabilities
  

Deferred tax
 8 
(4,952)
-

Net assets
  
427,985
449,736


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
426,985
448,736

  
427,985
449,736


Page 1

 
GREENHILL AIR CONDITIONING LIMITED
REGISTERED NUMBER: 03054073
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 May 2025.




D Fox
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
GREENHILL AIR CONDITIONING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Greenhill Air Conditioning Limited is a private company limited by shares, incorporated in England and Wales (registered number: 03054073). Its registered office is Unit 8, Callywhite Business Park, Callywhite Lane, Dronfield, S18 2XP. The principal activity throughout the year continued to be that of supply and installation of air conditioning units.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 Company's functional and presentation currency is pounds sterling. 

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
GREENHILL AIR CONDITIONING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight-line basis over the lease term.

 
2.4

Government grants

Grants relating to expenditure on tangible fixed assets are credited to the Statement of Income and Retained Earnings at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.





Page 4

 
GREENHILL AIR CONDITIONING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Short-term leasehold property
-
33%
reducing balance
Motor vehicles
-
25%
straight line
Fixtures and fittings
-
33%
reducing balance
Computer equipment
-
25%
straight line


The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings. 

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

Page 5

 
GREENHILL AIR CONDITIONING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.



3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2023 - 16).

Page 6

 
GREENHILL AIR CONDITIONING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Short-term leasehold property
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 June 2023
64,906
7,200
27,033
26,437
125,576


Additions
-
17,995
-
-
17,995



At 31 May 2024

64,906
25,195
27,033
26,437
143,571



Depreciation


At 1 June 2023
64,906
5,700
22,661
23,798
117,065


Charge for the year on owned assets
-
3,749
1,443
1,505
6,697



At 31 May 2024

64,906
9,449
24,104
25,303
123,762



Net book value



At 31 May 2024
-
15,746
2,929
1,134
19,809



At 31 May 2023
-
1,500
4,372
2,639
8,511


5.


Debtors

2024
2023
£
£


Trade debtors
546,635
849,019

Other debtors
-
11,078

546,635
860,097


Page 7

 
GREENHILL AIR CONDITIONING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
44,267
-

Other loans
58,947
56,078

Trade creditors
489,089
1,317,457

Corporation tax
22,188
-

Other taxation and social security
59,956
45,384

Other creditors
9,598
-

Accruals and deferred income
1,714
-

685,759
1,418,919



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
105,022
163,969

105,022
163,969


Page 8

 
GREENHILL AIR CONDITIONING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Deferred taxation




2024


£






Charged to Statement of Income and Retained Earnings
4,952



At end of year
4,952

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
4,952
-

4,952
-


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £14,127 (2023 - £14,790). Contributions totalling £929 (2023 - £2,180) were payable to the fund at the Balance Sheet date and are included in creditors.

 
Page 9