| MJD Air Conditioning Services Limited |
| Registered number: |
04280292 |
| Balance Sheet |
| as at 30 September 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
153,138 |
|
|
148,742 |
| Investments |
5 |
|
|
140,000 |
|
|
150,000 |
|
|
|
|
293,138 |
|
|
298,742 |
|
| Current assets |
| Stocks |
|
|
5,000 |
|
|
5,000 |
| Debtors |
6 |
|
464,554 |
|
|
257,304 |
| Cash at bank and in hand |
|
|
67,301 |
|
|
110,226 |
|
|
|
536,855 |
|
|
372,530 |
|
| Creditors: amounts falling due within one year |
7 |
|
(440,242) |
|
|
(244,870) |
|
| Net current assets |
|
|
|
96,613 |
|
|
127,660 |
|
| Total assets less current liabilities |
|
|
|
389,751 |
|
|
426,402 |
|
| Creditors: amounts falling due after more than one year |
8 |
|
|
(79,872) |
|
|
(81,714) |
|
| Provisions for liabilities |
|
|
|
(29,614) |
|
|
(28,640) |
|
| Net assets |
|
|
|
280,265 |
|
|
316,048 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
10,000 |
|
|
10,000 |
| Share premium |
|
|
|
63,333 |
|
|
63,333 |
| Fair value reserve |
9 |
|
|
16,858 |
|
|
24,458 |
| Profit and loss account |
|
|
|
190,074 |
|
|
218,257 |
|
| Shareholders' funds |
|
|
|
280,265 |
|
|
316,048 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| Mr Matthew J Dennis |
| Director |
| Approved by the board on 12 January 2026 |
|
| MJD Air Conditioning Services Limited |
| Notes to the Accounts |
| for the year ended 30 September 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention modified to include certain items at fair value and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The accounts are presented in Sterling. |
|
|
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. |
|
|
Depreciation |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold property |
2% on cost |
|
Plant and machinery |
25% on reducing balance |
|
Fixtures, fittings, tools and equipment |
25% on reducing balance |
|
Motor vehicles |
25% on reducing balance |
|
Computer equipment |
33% on cost |
|
|
Investments |
|
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Fire incident dispute |
|
|
A dispute arose due to fire damage caused at a customer's premises on 21 July 2023. The company settled out of court on 14 October 2025 for a sum of £248,000 with a separate agreement for £124,000 to be paid by the insurance company. The £248,000 has been recognised within Administrative expenses in the Profit and Loss Account, with the £124,000 insurance proceeds shown under Other operating income. The liability was settled in full on 5 January 2026 so £248,000 is shown in Creditors: amounts falling due within one year and £124,000 within Debtors at the Balance Sheet date.
The directors have assessed the company's ability to continue as a going concern following the agreed settlement and believe the company is a going concern. The company has obtained a bank loan for £100,000, which is repayble over 5 years, to help manage cash flow and the directors' are confident in the sales pipeline. |
|
|
| 3 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
7 |
|
9 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 October 2024 |
83,487 |
|
51,730 |
|
180,604 |
|
315,821 |
|
Additions |
- |
|
- |
|
66,390 |
|
66,390 |
|
Disposals |
- |
|
- |
|
(55,147) |
|
(55,147) |
|
At 30 September 2025 |
83,487 |
|
51,730 |
|
191,847 |
|
327,064 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2024 |
32,066 |
|
46,767 |
|
88,246 |
|
167,079 |
|
Charge for the year |
1,670 |
|
1,706 |
|
34,335 |
|
37,711 |
|
On disposals |
- |
|
- |
|
(30,864) |
|
(30,864) |
|
At 30 September 2025 |
33,736 |
|
48,473 |
|
91,717 |
|
173,926 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2025 |
49,751 |
|
3,257 |
|
100,130 |
|
153,138 |
|
At 30 September 2024 |
51,421 |
|
4,963 |
|
92,358 |
|
148,742 |
|
Motor vehicles include Right of Use Assets with a cost value of £Nil (2024 - £17,942) and accumulated depreciation of £Nil (2024 - £9,951), giving a net book value of £Nil (2024 - £7,991) at the balance sheet date. The depreciation charge for the year relating to Right of Use Assets was £1,215 (2024 - £2,664). A profit on disposal of Right of Use Assets during the year amounted to £3,737 (2024 - £Nil).
Motor vehicles with a carrying value of £99,822 (2024 - £91,948) are held under finance lease and hire purchase contracts. |
|
|
| 5 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 October 2024 |
150,000 |
|
Revaluation |
(10,000) |
|
|
At 30 September 2025 |
140,000 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 October 2024 |
120,000 |
|
At 30 September 2025 |
120,000 |
|
|
|
|
|
|
|
|
|
|
The investment property was valued at its market value using current market data for similar properties in the area. |
|
|
| 6 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
337,067 |
|
254,490 |
|
Other debtors |
127,487 |
|
2,814 |
|
|
|
|
|
|
464,554 |
|
257,304 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Obligations under finance lease and hire purchase contracts |
39,947 |
|
37,834 |
|
Trade creditors |
64,741 |
|
109,903 |
|
Taxation and social security costs |
71,351 |
|
78,517 |
|
Other creditors |
264,203 |
|
18,616 |
|
|
|
|
|
|
440,242 |
|
244,870 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Obligations under finance lease and hire purchase contracts |
64,103 |
|
61,934 |
|
Other creditors |
15,769 |
|
19,780 |
|
|
|
|
|
|
79,872 |
|
81,714 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Fair value reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 October 2024 |
24,458 |
|
24,458 |
|
Loss on revaluation of investment property |
(10,000) |
|
- |
|
Deferred taxation arising on the revaluation of investment property |
2,400 |
|
- |
|
|
At 30 September 2025 |
16,858 |
|
24,458 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Mr Matthew J Dennis |
|
Interest-free unsecured loans, repayable on demand. The maximum outstanding during the year was £4,944 (2024 - £8,471). |
2,230 |
|
9,758 |
|
(9,254) |
|
2,734 |
|
|
|
2,230 |
|
9,758 |
|
(9,254) |
|
2,734 |
|
|
|
|
|
|
|
|
|
|
| 11 |
Other information |
|
|
MJD Air Conditioning Services Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
16 Bedford Road |
|
Lower Stondon |
|
Bedfordshire |
|
SG16 6EA |