REGISTERED NUMBER: 07086336 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Just Air Conditioning Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr W Raven

REGISTERED OFFICE:

Unit 5, Badminton Road Trading Estate

Yate

Bristol

South Glos

BS37 5NS

REGISTERED NUMBER:

07086336 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

10,702

16,193

CURRENT ASSETS

Debtors

5

83,917

195,834

Cash at bank

118,791

170,074

202,708

365,908

CREDITORS

Amounts falling due within one year

6

79,069

184,440

NET CURRENT ASSETS

123,639

181,468

TOTAL ASSETS LESS CURRENT LIABILITIES

134,341

197,661

CREDITORS

Amounts falling due after more than one year

7

2,467

5,865

NET ASSETS

131,874

191,796

CAPITAL AND RESERVES

Called up share capital

10

1

1

Capital redemption reserve

11

2

2

Retained earnings

11

131,871

191,793

SHAREHOLDERS' FUNDS

131,874

191,796

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 17 July 2025 and were signed by:

Mr W Raven - Director

1.	STATUTORY INFORMATION

Just Air Conditioning Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

17,669

199

15,495

3,529

36,892

Additions

-

-

-

583

583

Disposals

(8,558

)

-

-

-

(8,558

)

At 28 February 2025

9,111

199

15,495

4,112

28,917

DEPRECIATION

At 1 March 2024

16,072

81

3,228

1,318

20,699

Charge for year

839

39

3,874

1,322

6,074

Eliminated on disposal

(8,558

)

-

-

-

(8,558

)

At 28 February 2025

8,353

120

7,102

2,640

18,215

NET BOOK VALUE

At 28 February 2025

758

79

8,393

1,472

10,702

At 29 February 2024

1,597

118

12,267

2,211

16,193

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 March 2024

and 28 February 2025

15,495

DEPRECIATION

At 1 March 2024

3,228

Charge for year

3,874

At 28 February 2025

7,102

NET BOOK VALUE

At 28 February 2025

8,393

At 29 February 2024

12,267

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

57,819

173,193

Other debtors

3,581

843

Tax

5,021

-

VAT

7,735

-

Deferred tax asset

-

54

Prepayments

9,761

21,744

83,917

195,834

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

-

6,015

Hire purchase contracts (see note 8)

3,398

3,062

Trade creditors

64,641

125,765

Tax

-

5,021

Social security and other taxes

7,369

19,389

VAT

-

17,581

Directors' current accounts

1,560

1,477

Accrued expenses

2,101

6,130

79,069

184,440

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts (see note 8)

2,467

5,865

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

28.2.25

29.2.24

£

£

Net obligations repayable:

Within one year

3,398

3,062

Between one and five years

2,467

5,865

5,865

8,927

Non-cancellable operating

leases

28.2.25

29.2.24

£

£

Within one year

8,962

12,244

Between one and five years

1,192

10,155

10,154

22,399

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Hire purchase

5,865

8,928

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

1

Ordinary

£1

1

1

11.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 March 2024

191,793

2

191,795

Deficit for the year

(59,422

)

(59,422

)

Dividends

(500

)

(500

)

At 28 February 2025

131,871

2

131,873

12.	DIRECTORS COMMENTS

Turnover for the year ended 28 February 2025 represents a decrease of 24% compared to the previous year. This reduction was primarily due to a prominent customer of the company deciding to do their own works in-house.