Company No: 01926785 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr K Armstrong
	Mr M R Hurst
	Mr A J Unsworth (Resigned 20 November 2025)
	Mrs E R Unsworth (Resigned 20 November 2025)

REGISTERED OFFICE	Hadrian House Crowther Road
	Crowther Industrial Estate
	Washington
	NE38 0AQ
	United Kingdom

COMPANY NUMBER

01926785 (England and Wales)

ACCOUNTANT	S&W Partners Newcastle Limited
	17 Queens Lane
	Newcastle
	NE1 1RN

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	308,823		279,126
		308,823		279,126
Current assets
Stocks		20,068		20,943
Debtors	4	1,720,029		1,587,578
Cash at bank and in hand		715,399		611,118
		2,455,496		2,219,639
Creditors: amounts falling due within one year	5	( 1,202,791)		( 1,184,891)
Net current assets		1,252,705		1,034,748
Total assets less current liabilities		1,561,528		1,313,874
Creditors: amounts falling due after more than one year	6	( 141,859)		( 130,977)
Provision for liabilities		( 40,128)		( 40,128)
Net assets		1,379,541		1,142,769
Capital and reserves
Called-up share capital		5,000		5,000
Profit and loss account		1,374,541		1,137,769
Total shareholder's funds		1,379,541		1,142,769

For the financial 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.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Hadrian Air Conditioning and Refrigeration Company Limited (registered number: 01926785) were approved and authorised for issue by the Board of Directors on 26 May 2026. They were signed on its behalf by:

Mr K Armstrong Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hadrian Air Conditioning and Refrigeration Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hadrian House Crowther Road, Crowther Industrial Estate, Washington, NE38 0AQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Hadrian Air Conditioning and Refrigeration Company Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

The company provides supply, installation and maintenance services for air conditioning units.

Turnover is measured at the fair value of consideration received or receivable, net of discounts and VAT, and is recognised when it can be measured reliably and economic benefits are probable.

Revenue from goods is recognised on delivery to the customer. Revenue from services is recognised by reference to the stage of completion, based on costs incurred relative to total estimated costs. Where the outcome cannot be reliably measured, revenue is recognised to the extent of recoverable costs.

Employee benefits

Short term benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
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 and 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.

Current and deferred tax assets and liabilities are not discounted.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Land and buildings	depreciated over the life of the lease
Plant and machinery etc.	2 - 3 years straight line

Leases

The Company as lessee
Assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as tangible fixed assets. The related obligations, net of future finance charges are included in creditors.

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is calculated on a first in, first out basis.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	46		46

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 September 2024	98,004		626,905		724,909
Additions	0		130,208		130,208
Disposals	0		( 155,267)		( 155,267)
Reclassification	0		17,953		17,953
At 31 August 2025	98,004		619,799		717,803
Accumulated depreciation
At 01 September 2024	98,000		347,783		445,783
Charge for the financial year	0		98,194		98,194
Disposals	0		( 152,902)		( 152,902)
Reclassification	0		17,905		17,905
At 31 August 2025	98,000		310,980		408,980
Net book value
At 31 August 2025	4		308,819		308,823
At 31 August 2024	4		279,122		279,126

4. Debtors

	2025		2024
	£		£
Trade debtors	999,755		871,795
Amounts owed by Group undertakings	680,457		680,457
Other debtors	39,817		35,326
	1,720,029		1,587,578

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	11,667		21,667
Trade creditors	732,680		673,657
Taxation and social security	183,609		149,524
Obligations under finance leases and hire purchase contracts	98,090		79,298
Other creditors	176,745		260,745
	1,202,791		1,184,891

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	141,859		130,977

There are no amounts included above in respect of which any security has been given by the small entity.

7. Financial commitments

Other financial commitments

	2025		2024
	£		£
Secured debts - Bank loans	11,667		21,667
Secured debts - Finance lease	215,684		210,275
	227,351		231,942

Finance lease contracts are secured against the items of plant and machinery to which they relate and have a carrying amount of £308,823 (2024: £279,126).

8. Ultimate controlling party

Parent Company:

Unsworth Unsworth & Co. Limited

Hadrian House Crowther Road, Crowther Ind Est, Washington, Tyne And Wear, NE38 0AQ