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REGISTERED NUMBER: 03737120 (England and Wales)















SKYLINE AIR CONDITIONING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






SKYLINE AIR CONDITIONING LIMITED (REGISTERED NUMBER: 03737120)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SKYLINE AIR CONDITIONING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: A P Farrell
D Jones
D A Owens





REGISTERED OFFICE: Unit 4S, Bramhall Moor Technology Park
Pepper Road,
Hazel Grove
Stockport
SK7 5BW





REGISTERED NUMBER: 03737120 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

SKYLINE AIR CONDITIONING LIMITED (REGISTERED NUMBER: 03737120)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 16,370 22,304

CURRENT ASSETS
Debtors 5 2,886,910 2,918,365
Cash at bank and in hand 6,157 99,977
2,893,067 3,018,342
CREDITORS
Amounts falling due within one year 6 1,899,965 1,941,404
NET CURRENT ASSETS 993,102 1,076,938
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,009,472

1,099,242

CREDITORS
Amounts falling due after more than one
year

7

(111,540

)

(150,265

)

PROVISIONS FOR LIABILITIES (132,721 ) (173,249 )
NET ASSETS 765,211 775,728

CAPITAL AND RESERVES
Called up share capital 498,700 498,700
Retained earnings 266,511 277,028
SHAREHOLDERS' FUNDS 765,211 775,728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SKYLINE AIR CONDITIONING LIMITED (REGISTERED NUMBER: 03737120)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





A P Farrell - Director


SKYLINE AIR CONDITIONING LIMITED (REGISTERED NUMBER: 03737120)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Skyline Air Conditioning Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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 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.

SKYLINE AIR CONDITIONING LIMITED (REGISTERED NUMBER: 03737120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023
and 30 September 2024 4,022 14,068 9,000 45,660 72,750
DEPRECIATION
At 1 October 2023 3,053 13,518 338 33,537 50,446
Charge for year 194 83 1,349 4,308 5,934
At 30 September 2024 3,247 13,601 1,687 37,845 56,380
NET BOOK VALUE
At 30 September 2024 775 467 7,313 7,815 16,370
At 30 September 2023 969 550 8,662 12,123 22,304

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 262,352 235,570
Amounts owed by group undertakings 1,333,383 1,172,672
Amounts recoverable on contracts 1,195,139 1,435,922
Other debtors 4,338 4,338
Value added tax 48,428 33,016
Prepayments 43,270 36,847
2,886,910 2,918,365

SKYLINE AIR CONDITIONING LIMITED (REGISTERED NUMBER: 03737120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 161,015 -
Trade creditors 1,267,001 1,432,439
Amounts owed to group undertakings 56,167 43,567
Corporation tax 8,178 43,101
Social security and other taxes 8,092 7,156
Other creditors 74,572 90,201
Accruals and deferred income 324,940 324,940
1,899,965 1,941,404

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 111,540 150,265