Empire Air Conditioning Services Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14479499

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		32,021		32,623

			32,021		32,623
CURRENT ASSETS
Stocks	4	11,106		4,925
Debtors	5	48,406		31,392
Cash at bank and in hand		84,509		76,943

		144,021		113,260
Creditors: Amounts Falling Due Within One Year	6	(70,306 )		(38,899 )

NET CURRENT ASSETS (LIABILITIES)			73,715		74,361

TOTAL ASSETS LESS CURRENT LIABILITIES			105,736		106,984

Creditors: Amounts Falling Due After More Than One Year	7		(29,122 )		(30,872 )

NET ASSETS			76,614		76,112

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			76,514		76,012

SHAREHOLDERS' FUNDS			76,614		76,112

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Empire Air Conditioning Services Limited

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 G Clark

Director

11 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. Accounting Policies

1.1. 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.

1.2. 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.

1.3. 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% reducing balance
Motor Vehicles	20% reducing balance
Computer Equipment	25% reducing balance

1.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

1.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

1.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

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Empire Air Conditioning Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 4 (2024: 2)

3. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 June 2024	-	38,882	2,048	40,930
Additions	6,880	-	484	7,364

As at 31 May 2025	6,880	38,882	2,532	48,294

Depreciation
As at 1 June 2024	-	7,776	531	8,307
Provided during the period	-	7,507	459	7,966

As at 31 May 2025	-	15,283	990	16,273

Net Book Value
As at 31 May 2025	6,880	23,599	1,542	32,021

As at 1 June 2024	-	31,106	1,517	32,623

4. Stocks

	2025	2024
	£	£
Work in progress	11,106	4,925

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	46,225	29,211
Other debtors	2,181	2,181

	48,406	31,392

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	3,128	3,128
Trade creditors	18,345	7,265
Corporation tax	20,895	16,896
Other taxes and social security	947	661
VAT	12,917	10,949
Other creditors	424	-
Accruals and deferred income	13,650	-

	70,306	38,899

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Empire Air Conditioning Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	20,872	20,872
Directors loan account	8,250	10,000

	29,122	30,872

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The maturity of these amounts is as follows:
Within one year	3,128	3,128
Between one and five years	20,872	20,872

	24,000	24,000

	24,000	24,000

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

At the balance sheet date, the amount owed to the directors through the directors loan accounts was £8,250 (2024: £10,000).

The directors loan accounts are unsecured, interest free and repayable on demand.

11. General Information

Empire Air Conditioning Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14479499 . The registered office is 550 Valley Road, Nottingham, NG5 1JJ.

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