Registered number
04501396
Birmingham Air Conditioning Services limited
Unaudited Filleted Accounts
31 December 2024
Birmingham Air Conditioning Services limited
Registered number: 04501396
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 35,900 48,250
Current assets
Stocks 16,294 21,677
Debtors 4 213,503 411,423
Cash at bank and in hand 149,024 101,045
378,821 534,145
Creditors: amounts falling due within one year 5 (224,130) (248,196)
Net current assets 154,691 285,949
Total assets less current liabilities 190,591 334,199
Creditors: amounts falling due after more than one year 6 (15,368) (33,006)
Provisions for liabilities (1,000) (9,000)
Net assets 174,223 292,193
Capital and reserves
Called up share capital 1,002 1,002
Profit and loss account 173,221 291,191
Shareholders' funds 174,223 292,193
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
R R Webb
Director
Approved by the board on 30 April 2025
Birmingham Air Conditioning Services limited
Notes to the Accounts
for the year ended 31 December 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:
Computers 33% straight line
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 15% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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. 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 11 12
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 9,509 75,392 84,901
Additions 607 - 607
Disposals (666) - (666)
At 31 December 2024 9,450 75,392 84,842
Depreciation
At 1 January 2024 6,609 30,042 36,651
Charge for the year 1,707 11,250 12,957
On disposals (666) - (666)
At 31 December 2024 7,650 41,292 48,942
Net book value
At 31 December 2024 1,800 34,100 35,900
At 31 December 2023 2,900 45,350 48,250
4 Debtors 2024 2023
£ £
Trade debtors 152,909 338,777
Other debtors 60,594 72,646
213,503 411,423
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 7,638 11,348
Trade creditors 179,608 173,359
Taxation and social security costs 14,603 37,027
Other creditors 12,281 16,462
224,130 248,196
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,167 14,167
Obligations under finance lease and hire purchase contracts 11,201 18,839
15,368 33,006
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 1,300 6,490
8 Other information
Birmingham Air Conditioning Services limited is a private company limited by shares and incorporated in England. Its registered office is:
Waycast Building
Firswood Road
Garretts Green Industrial Estate
Birmingham
B33 0TG
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