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Company registration number: 01886883







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025


HEALY REFRIGERATION & AIR CONDITIONING SERVICES LIMITED






































                        

 


HEALY REFRIGERATION & AIR CONDITIONING SERVICES LIMITED
 


 
COMPANY INFORMATION


Director
R. Healy 




Registered number
01886883



Registered office
Unit 5
Epsom Downs Metro Centre

Waterfield

Tadworth

Surrey

KT20 5LR





 


HEALY REFRIGERATION & AIR CONDITIONING SERVICES LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7

 


HEALY REFRIGERATION & AIR CONDITIONING SERVICES LIMITED
REGISTERED NUMBER:01886883



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,282
4,232

  
6,282
4,232

Current assets
  

Stocks
  
22,050
22,050

Debtors: amounts falling due after more than one year
 5 
4,797,935
4,789,549

Debtors: amounts falling due within one year
 5 
404,132
75,123

Cash at bank and in hand
  
100
3,747

  
5,224,217
4,890,469

Creditors: amounts falling due within one year
 6 
(2,114,506)
(1,298,505)

Net current assets
  
 
 
3,109,711
 
 
3,591,964

Total assets less current liabilities
  
3,115,993
3,596,196

Creditors: amounts falling due after more than one year
 7 
(10,506)
(20,752)

Provisions for liabilities
  

Deferred tax
  
(1,000)
(898)

  
 
 
(1,000)
 
 
(898)

Net assets
  
3,104,487
3,574,546

Page 1

 


HEALY REFRIGERATION & AIR CONDITIONING SERVICES LIMITED
REGISTERED NUMBER:01886883


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

2025
2024
£
£

Capital and reserves
  

Allotted, called up and fully paid share capital
  
2
2

Profit and loss account
  
3,104,485
3,574,544

  
3,104,487
3,574,546


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 by: 



R. Healy
Director

Date: 4 August 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


HEALY REFRIGERATION & AIR CONDITIONING SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Healy Refrigeration & Air Conditioning Services Limited is a company limited by shares and incorporated in England. The address of the registered office is given on the company information page of these financial statements.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is derived from the sale, maintenance and  installation of Refrigeration and Air Conditioning units. It 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 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.

 
2.3

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.

Page 3

 


HEALY REFRIGERATION & AIR CONDITIONING SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Office equipment
-
30%
reducing balance

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 profit or loss.

  
2.4

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. 

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 profit or loss.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

The Company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard 01 April 2023 to continue to be charged over the period to the first market rent review rather than the term of the lease.

Page 4

 


HEALY REFRIGERATION & AIR CONDITIONING SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.7

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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Current and deferred taxation

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

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 income.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2024 - 6).

Page 5

 


HEALY REFRIGERATION & AIR CONDITIONING SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible assets





Plant and machinery etc.

£



Cost 


At 1 April 2024
130,614


Additions
3,863


Disposals
(2,220)



At 31 March 2025

132,257



Depreciation


At 1 April 2024
126,382


Charge for the year on owned assets
1,686


Disposals
(2,093)



At 31 March 2025

125,975



Net book value



At 31 March 2025
6,282



At 31 March 2024
4,232


5.


Debtors: Amounts falling due within one year

2025
2024
£
£

Due after more than one year

Amounts owed by group undertakings
4,797,935
4,789,549

4,797,935
4,789,549


2025
2024
£
£

Due within one year

Trade debtors
225,808
46,355

Other debtors
29,489
14,160

Prepayments and accrued income
148,835
14,608

404,132
75,123


Page 6

 


HEALY REFRIGERATION & AIR CONDITIONING SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank overdrafts
23,099
-

Bank loans
138,514
25,309

Trade creditors
336,001
67,707

Other taxation and social security
23,783
11,776

Other creditors
1,554,193
1,166,534

Accruals and deferred income
38,916
27,179

2,114,506
1,298,505


The Company has also entered into a debenture agreement with Bibby Financial Services Ltd, that is secured by fixed and floating charges over the undertaking and all current and future property and assets.


7.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
10,506
20,752

10,506
20,752



8.


Commitments under operating leases

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
£


Not later than 1 year
48,318

Later than 1 year and not later than 5 years
14,867

63,185

 
Page 7