REGISTERED NUMBER: 14728660 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

K-NEV AIR CONDITIONING LTD

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mr W D House

Mrs L A House

REGISTERED OFFICE:

3 Old Smithy Road

New Mills

High Peak

SK22 3EH

REGISTERED NUMBER:

14728660 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

4

22,824

28,895

CURRENT ASSETS

Debtors

5

26,528

8,903

Cash at bank

161

11,716

26,689

20,619

CREDITORS

Amounts falling due within one year

6

20,617

29,720

NET CURRENT ASSETS/(LIABILITIES)

6,072

(9,101

)

TOTAL ASSETS LESS CURRENT LIABILITIES

28,896

19,794

CREDITORS

Amounts falling due after more than one year

7

(943

)

(2,077

)

PROVISIONS FOR LIABILITIES

8

(4,337

)

(3,413

)

NET ASSETS

23,616

14,304

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

23,416

14,104

SHAREHOLDERS' FUNDS

23,616

14,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

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:

(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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

Mr W D House - Director

1.	STATUTORY INFORMATION

K-Nev 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 represents the total amount receivable by the company for goods supplied and services provided, excluding value added tax and trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

29,368

Additions

970

At 31 March 2025

30,338

DEPRECIATION

At 1 April 2024

473

Charge for year

7,041

At 31 March 2025

7,514

NET BOOK VALUE

At 31 March 2025

22,824

At 31 March 2024

28,895

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

12,116

747

Other debtors

14,412

8,156

26,528

8,903

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

1,134

992

Trade creditors

432

230

Taxation and social security

5,720

469

Other creditors

13,331

28,029

20,617

29,720

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

943

2,077

8.	PROVISIONS FOR LIABILITIES

31/3/25

31/3/24

£

£

Deferred tax

4,337

3,413

Deferred

tax

£

Balance at 1 April 2024

3,413

Charge to Statement of Income and Retained Earnings during year

924

Balance at 31 March 2025

4,337

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

200

200