Loughborough Air Conditioning Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 07279867

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		27,902		37,180

			27,902		37,180
CURRENT ASSETS
Debtors	6	81,915		87,235
Cash at bank and in hand		150,026		170,507

		231,941		257,742
Creditors: Amounts Falling Due Within One Year	7	(63,979 )		(82,226 )

NET CURRENT ASSETS (LIABILITIES)			167,962		175,516

TOTAL ASSETS LESS CURRENT LIABILITIES			195,864		212,696

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,215 )		(6,891 )

NET ASSETS			190,649		205,805

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			190,549		205,705

SHAREHOLDERS' FUNDS			190,649		205,805

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Loughborough Air Conditioning Ltd

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 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 J A Dring-Morris

Director

14th May 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Loughborough Air Conditioning Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07279867 . The registered office is 243 Derby Road, Loughborough, Leicestershire, LE11 5HJ.

2. Accounting Policies

2.1. 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.

2.2. 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.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. 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:

Leasehold	10 years straight line
Plant & Machinery	4 years straight line
Motor Vehicles	25% reducing balance
Fixtures & Fittings	4 years straight line

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Loughborough Air Conditioning Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.5. Taxation

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

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered a net liability may crystallise.

3. Average Number of Employees

Average number of employees, including directors, during the year was 8 (2024: 7)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 September 2024	32,500

As at 31 August 2025	32,500

Amortisation
As at 1 September 2024	32,500

As at 31 August 2025	32,500

Net Book Value
As at 31 August 2025	-

As at 1 September 2024	-

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost or Valuation
As at 1 September 2024	39,469	19,223	91,954	29,167	179,813
Additions	-	-	-	1,692	1,692
Disposals	(4,575 )	(5,337 )	-	(11,640 )	(21,552 )

As at 31 August 2025	34,894	13,886	91,954	19,219	159,953

Depreciation
As at 1 September 2024	38,558	16,132	61,973	25,970	142,633

...CONTINUED

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Loughborough Air Conditioning Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Provided during the period	-	1,080	7,506	1,274	9,860
Disposals	-	(5,337 )	-	(11,441 )	(16,778 )
On revaluations	(3,664 )	-	-	-	(3,664 )

As at 31 August 2025	34,894	11,875	69,479	15,803	132,051

Net Book Value
As at 31 August 2025	-	2,011	22,475	3,416	27,902

As at 1 September 2024	911	3,091	29,981	3,197	37,180

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	58,735	83,708
Prepayments and accrued income	8,180	3,527
Other debtors	15,000	-

	81,915	87,235

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	39,520	53,394
Corporation tax	3,389	717
Other taxes and social security	3,457	4,115
VAT	8,933	16,880
Other creditors	1,295	1,440
Accruals and deferred income	6,414	4,667
Directors' loan accounts	971	1,013

	63,979	82,226

8. Share Capital

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

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Loughborough Air Conditioning Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

9. Related Party Transactions

The company rents office and workshop space from the shareholders. The amount paid in the year was £9,600 (2024: £9,600).

The Company paid dividends to the directors in the year of £22,000 (2024: £17,000).

Included within debtors is a loan made to the directors for £15,000, which represents the maximum outstanding on the loan. Interest was charged on the loan at a rate of 2.25% and is repayable on demand.

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