REGISTERED NUMBER: 09895825 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

KL Air Conditioning Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Lewis

REGISTERED OFFICE:

35 Lansdown Road

Kingswood

Bristol

BS15 1XA

REGISTERED NUMBER:

09895825 (England and Wales)

ACCOUNTANTS:

Norton Accountancy Ltd

7 Soundwell Road

Staple Hill

Bristol

BS16 4QG

FIXED ASSETS

Tangible assets

4

30,412

3,682

CURRENT ASSETS

Stocks

8,650

8,500

Debtors

5

90,711

94,687

Cash at bank

67,789

75,700

167,150

178,887

CREDITORS

Amounts falling due within one year

6

(25,840

)

(43,744

)

NET CURRENT ASSETS

141,310

135,143

TOTAL ASSETS LESS CURRENT LIABILITIES

171,722

138,825

CREDITORS

Amounts falling due after more than one year

7

(59,984

)

(57,322

)

PROVISIONS FOR LIABILITIES

(5,778

)

(699

)

NET ASSETS

105,960

80,804

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

105,860

80,704

105,960

80,804

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

K Lewis - Director

1.	STATUTORY INFORMATION

KL Air Conditioning Ltd 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 etc

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

26,739

541

27,280

Additions

39,792

-

39,792

Disposals

(20,876

)

-

(20,876

)

At 31 December 2024

45,655

541

46,196

DEPRECIATION

At 1 January 2024

23,463

135

23,598

Charge for year

10,035

102

10,137

Eliminated on disposal

(17,951

)

-

(17,951

)

At 31 December 2024

15,547

237

15,784

NET BOOK VALUE

At 31 December 2024

30,108

304

30,412

At 31 December 2023

3,276

406

3,682

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

53,829

43,523

Other debtors

33,803

48,984

VAT

3,079

2,180

90,711

94,687

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

7,000

-

Trade creditors

7,610

5,939

Tax

10,583

37,805

Social security and other taxes

431

-

Other creditors

216

-

25,840

43,744

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

29,755

-

Directors' loan accounts

30,229

57,322

59,984

57,322

8.

RESERVES

Retained

earnings

£

At 1 January 2024

80,704

Profit for the year

65,156

Dividends

(40,000

)

At 31 December 2024

105,860