Acorah Software Products - Accounts Production 16.4.675 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 10469283 Mr Jonathan Hamilton Mrs Michelle Hamilton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10469283 2023-11-30 10469283 2024-11-30 10469283 2023-12-01 2024-11-30 10469283 frs-core:CurrentFinancialInstruments 2024-11-30 10469283 frs-core:Non-currentFinancialInstruments 2024-11-30 10469283 frs-core:BetweenOneFiveYears 2024-11-30 10469283 frs-core:MotorVehicles 2024-11-30 10469283 frs-core:MotorVehicles 2023-12-01 2024-11-30 10469283 frs-core:MotorVehicles 2023-11-30 10469283 frs-core:PlantMachinery 2024-11-30 10469283 frs-core:PlantMachinery 2023-12-01 2024-11-30 10469283 frs-core:PlantMachinery 2023-11-30 10469283 frs-core:WithinOneYear 2024-11-30 10469283 frs-core:ShareCapital 2024-11-30 10469283 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 10469283 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 10469283 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 10469283 frs-bus:SmallEntities 2023-12-01 2024-11-30 10469283 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 10469283 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 10469283 frs-bus:Director1 2023-12-01 2024-11-30 10469283 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 10469283 frs-countries:EnglandWales 2023-12-01 2024-11-30 10469283 2022-11-30 10469283 2023-11-30 10469283 2022-12-01 2023-11-30 10469283 frs-core:CurrentFinancialInstruments 2023-11-30 10469283 frs-core:Non-currentFinancialInstruments 2023-11-30 10469283 frs-core:BetweenOneFiveYears 2023-11-30 10469283 frs-core:WithinOneYear 2023-11-30 10469283 frs-core:ShareCapital 2023-11-30 10469283 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 10469283
Hamilton Heating & Air Conditioning Ltd
Financial Statements
For The Year Ended 30 November 2024
Kent Coast Accounts Ltd
AAT Licenced Accountants
Marlowe Innovation Centre
Marlowe Way
Ramsgate
Kent
CT12 6FA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10469283
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 88,286 86,065
88,286 86,065
CURRENT ASSETS
Stocks 5 8,000 5,500
Debtors 6 46,039 179,251
Cash at bank and in hand 340,845 238,965
394,884 423,716
Creditors: Amounts Falling Due Within One Year 7 (133,361 ) (149,177 )
NET CURRENT ASSETS (LIABILITIES) 261,523 274,539
TOTAL ASSETS LESS CURRENT LIABILITIES 349,809 360,604
Creditors: Amounts Falling Due After More Than One Year 8 (26,288 ) (20,497 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,072 ) (16,352 )
NET ASSETS 301,449 323,755
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 301,447 323,753
SHAREHOLDERS' FUNDS 301,449 323,755
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jonathan Hamilton
Director
11th July 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hamilton Heating & Air Conditioning Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10469283 . The registered office is 9 Wild Herons , Hook, Hampshire, RG27 9SF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Motor Vehicles 20% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets at the lower of fair value and the present value of minimum lease payments at the inception of the lease. Finance leases are those where substantially all the risks and rewards of ownership are transferred to the Company.
Assets acquired under finance leases are depreciated over the shorter of the lease term and their estimated useful lives. Assets acquired under hire purchase contracts are depreciated over their estimated useful lives.
The corresponding obligations under finance leases and hire purchase agreements, net of finance charges, are included in creditors. The finance charge element is allocated to periods during the lease term so as to produce a constant periodic rate of interest on the remaining balance of the liability and is charged to the profit and loss account.
Rentals payable under operating leases, where substantially all the risks and rewards of ownership remain with the lessor, are charged to the profit and loss account on a straight-line basis over the lease term.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value.
Page 3
Page 4
2.6. Taxation
Taxation
Income tax expense represents the total of current tax and deferred tax for the reporting period.
Current Tax
Current tax is based on taxable profit for the year. Taxable profit may differ from accounting profit as reported in the statement of comprehensive income due to temporary or permanent differences arising from income or expenses that are taxable or deductible in other periods, or that are never taxable or deductible. The current tax charge is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred Tax
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and their corresponding tax bases. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which the deductible temporary differences can be utilised.
The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow recovery of the asset in full or in part.
Deferred tax is measured at the tax rates expected to apply when the related asset is realised or the liability settled, based on rates (and laws) that have been enacted or substantively enacted by the reporting date. Deferred tax liabilities are presented within provisions for liabilities, and deferred tax assets within debtors.
The measurement of deferred tax reflects the expected manner of recovery or settlement of the carrying amount of assets and liabilities.
Recognition in the Statement of Comprehensive Income
Current and deferred tax are recognised in profit or loss for the year ended 30th November 2024 except where they relate to items recognised in other comprehensive income or directly in equity, in which case the tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 December 2023 22,911 100,799 123,710
Additions 5,296 41,851 47,147
Disposals - (51,800 ) (51,800 )
As at 30 November 2024 28,207 90,850 119,057
Depreciation
As at 1 December 2023 17,486 20,159 37,645
Provided during the period 1,154 19,995 21,149
Disposals - (28,023 ) (28,023 )
As at 30 November 2024 18,640 12,131 30,771
Net Book Value
As at 30 November 2024 9,567 78,719 88,286
As at 1 December 2023 5,425 80,640 86,065
5. Stocks
2024 2023
£ £
Stock 8,000 5,500
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 43,671 175,054
Other debtors 2,368 4,197
46,039 179,251
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,993 14,469
Trade creditors 48,362 39,222
Other creditors 31,070 38,013
Taxation and social security 45,936 57,473
133,361 149,177
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 26,288 20,497
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,993 14,469
Later than one year and not later than five years 26,288 20,497
34,281 34,966
34,281 34,966
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5