Accounts



















	PRESTIGE AIR CONDITIONING LTD



	UNAUDITED FINANCIAL STATEMENTS


	FOR THE YEAR ENDED 31 MARCH 2025

	PRESTIGE AIR CONDITIONING LTD
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025


	DIRECTORS

	Mr R Hannah


	SECRETARY

	Mr R Hannah

	REGISTERED OFFICE

	31 Muirfield Luton, Beds. LU2 7SB.


	COMPANY REGISTERED NUMBER

	09682660


	BANKERS

	Lloyds Bank plc


	ACCOUNTANTS

	Haartwells Limited
	Chartered Certified Accountants
	25 Park Street West, Luton, Beds.LU1 3BE.

	page 1

	PRESTIGE AIR CONDITIONING LTD
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025



	CONTENTS

	Pages


	3-4	Statement of Financial Position


	5-8	Notes to the Financial Statements

	page 2

PRESTIGE AIR CONDITIONING LTD
Company registered number: 09682660
STATEMENT OF FINANCIAL POSITION AT 31 March 2025

	Note	2025		2024
		£	£	£
FIXED ASSETS
Property, plant and equipment	3		6,187	7,649
CURRENT ASSETS
Inventories		2,750		3,950
Debtors	4	9,774		5,192
Cash at bank and in hand		13,753		59,313
		26,277		68,455
CREDITORS: Amounts falling due within one year	5	27,823		66,472
NET CURRENT (LIABILITIES)/ASSETS			(1,546)	1,983
TOTAL ASSETS LESS CURRENT LIABILITIES			4,641	9,632

CREDITORS: Amounts falling due after more than one year	6		(3,103)	(3,931)

PROVISIONS FOR LIABILITIES			(593)	(743)
NET ASSETS			£945	£4,958

CAPITAL AND RESERVES
Called up share capital			100	100
Retained earnings			845	4,858
SHAREHOLDERS' FUNDS			£945	£4,958

	The notes on pages 5-8 form part of these financial statements

	page 3

PRESTIGE AIR CONDITIONING LTD
Company registered number: 09682660
STATEMENT OF FINANCIAL POSITION AT 31 March 2025 (CONT.)

	Note	2025		2024
		£	£	£



	In approving these financial statements as directors of the company we hereby confirm the following:

	For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

	The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with section 476 of the Companies Act 2006.

	The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.


	These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies

	In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

	The financial statements were approved and authorised for issue by the board of directors on 03 October 2025

	Signed on behalf of the board of directors



	Mr R Hannah, Director

	The notes on pages 5-8 form part of these financial statements

	page 4

	PRESTIGE AIR CONDITIONING LTD
	NOTES TO THE ACCOUNTS
	FOR THE YEAR ENDED 31 MARCH 2025



1.	SIGNIFICANT ACCOUNTING POLICIES


1a.	Statement of compliance

	Prestige Air Conditioning Ltd is a Private Limited Company incorporated in England and Wales..

	The company's registered number and registered office address can be found on the Company Information page.

	These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 April 2024.

	The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. 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" and the Companies Act 2006.

	Basis of accounting


	The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.


1c.	Revenue recognition

	Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.


1d.	Taxation

	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. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. 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. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

	The notes on pages 5-8 form part of these financial statements

	page 5

	PRESTIGE AIR CONDITIONING LTD
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 MARCH 2025



1.	SIGNIFICANT ACCOUNTING POLICIES (CONT.)


1e.	Property, plant and equipment

	Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

	Plant and machinery	Reducing balance 25%
	Vehicles	Reducing balance 25%
	Fixtures and fittings	Reducing balance 15%
	Equipment	Reducing balance 15%


1f.	Inventories

	Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.


1g.	Short term debtors and creditors

	Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.


1h.	Cash and cash equivalents

	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.


1i.	Leased assets

	Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.



2.	DIRECTORS AND EMPLOYEES

	The average weekly number of employees during the year were as follows:
		2025	2024
		No.	No.
	Management and administration	1	1
	Production and sales	1	1
		2	2

	The notes on pages 5-8 form part of these financial statements

	page 6

	PRESTIGE AIR CONDITIONING LTD
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 MARCH 2025


3.	PROPERTY, PLANT AND EQUIPMENT
		Plant &
		Machinery	Total
		£	£
	Cost

	At 1 April 2024	46,874	46,874
	Additions other than through business combinations	600	600

	At 31 March 2025	47,474	47,474

	Depreciation

	At 1 April 2024	39,225	39,225
	For the year	2,062	2,062
	At 31 March 2025	41,287	41,287

	Net Book Amounts

	At 31 March 2025	6,187	6,187
	At 31 March 2024	7,649	7,649



4.	DEBTORS	2025	2024
		£	£
	Trade debtors	-	341
	Social security and other taxes	9,774	4,851
		£9,774	£5,192



5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£
	Bank loans and overdrafts	2,578	4,328
	Trade creditors	992	4,332
	Corporation tax	5,125	2,176
	Other taxes and social security	-	910
	Other creditors	17,378	52,976
	Accruals and deferred income	1,750	1,750
		£27,823	£66,472

	The notes on pages 5-8 form part of these financial statements

	page 7

	PRESTIGE AIR CONDITIONING LTD
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 MARCH 2025



6.	CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
		2025	2024
		£	£
	Bank loans and overdrafts	3,103	3,931
		£3,103	£3,931



	Analysis of borrowings:

	Due within five years:
	within 1 year
	bank	2,578	4,328
	within 2-5 years
	bank	3,103	3,931
		£5,681	£8,259

	The notes on pages 5-8 form part of these financial statements

	page 8