Caseware UK (AP4) 2024.0.164 2024.0.164 2025-12-312026-05-192026-05-202025-12-312026-05-19falsePlumbing, heat and air-conditioning installation1012025-01-01false112falsefalse 01654120 2025-01-01 2025-12-31 01654120 2024-01-01 2024-12-31 01654120 2025-12-31 01654120 2024-12-31 01654120 2024-01-01 01654120 1 2025-01-01 2025-12-31 01654120 1 2024-01-01 2024-12-31 01654120 4 2025-01-01 2025-12-31 01654120 4 2024-01-01 2024-12-31 01654120 1 2025-01-01 2025-12-31 01654120 e:Director2 2025-01-01 2025-12-31 01654120 e:Director3 2025-01-01 2025-12-31 01654120 e:Director4 2025-01-01 2025-12-31 01654120 e:Director5 2025-01-01 2025-12-31 01654120 e:Director6 2025-01-01 2025-12-31 01654120 e:Director6 2025-12-31 01654120 e:RegisteredOffice 2025-01-01 2025-12-31 01654120 d:Buildings d:LongLeaseholdAssets 2025-01-01 2025-12-31 01654120 d:Buildings d:LongLeaseholdAssets 2025-12-31 01654120 d:Buildings d:LongLeaseholdAssets 2024-12-31 01654120 d:PlantMachinery 2025-01-01 2025-12-31 01654120 d:PlantMachinery 2025-12-31 01654120 d:PlantMachinery 2024-12-31 01654120 d:PlantMachinery d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01654120 d:MotorVehicles 2025-01-01 2025-12-31 01654120 d:MotorVehicles 2025-12-31 01654120 d:MotorVehicles 2024-12-31 01654120 d:MotorVehicles d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01654120 d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01654120 d:CurrentFinancialInstruments 2025-12-31 01654120 d:CurrentFinancialInstruments 2024-12-31 01654120 d:Non-currentFinancialInstruments 2025-12-31 01654120 d:Non-currentFinancialInstruments 2024-12-31 01654120 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 01654120 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 01654120 d:Non-currentFinancialInstruments d:AfterOneYear 2025-12-31 01654120 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 01654120 d:UKTax 2025-01-01 2025-12-31 01654120 d:UKTax 2024-01-01 2024-12-31 01654120 d:ShareCapital 2025-01-01 2025-12-31 01654120 d:ShareCapital 2025-12-31 01654120 d:ShareCapital 2024-01-01 2024-12-31 01654120 d:ShareCapital 2024-12-31 01654120 d:ShareCapital 2024-01-01 01654120 d:SharePremium 2025-01-01 2025-12-31 01654120 d:SharePremium 2025-12-31 01654120 d:SharePremium 1 2025-01-01 2025-12-31 01654120 d:SharePremium 2024-01-01 2024-12-31 01654120 d:SharePremium 2024-12-31 01654120 d:SharePremium 2024-01-01 01654120 d:SharePremium 1 2024-01-01 2024-12-31 01654120 d:RevaluationReserve 2025-01-01 2025-12-31 01654120 d:InvestmentPropertiesRevaluationReserve 2025-01-01 2025-12-31 01654120 d:InvestmentPropertiesRevaluationReserve 2025-12-31 01654120 d:InvestmentPropertiesRevaluationReserve 1 2025-01-01 2025-12-31 01654120 d:InvestmentPropertiesRevaluationReserve 2024-01-01 2024-12-31 01654120 d:InvestmentPropertiesRevaluationReserve 2024-12-31 01654120 d:InvestmentPropertiesRevaluationReserve 2024-01-01 01654120 d:InvestmentPropertiesRevaluationReserve 1 2024-01-01 2024-12-31 01654120 d:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 01654120 d:RetainedEarningsAccumulatedLosses 2025-12-31 01654120 d:RetainedEarningsAccumulatedLosses 1 2025-01-01 2025-12-31 01654120 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 01654120 d:RetainedEarningsAccumulatedLosses 2024-12-31 01654120 d:RetainedEarningsAccumulatedLosses 2024-01-01 01654120 d:RetainedEarningsAccumulatedLosses 1 2024-01-01 2024-12-31 01654120 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2025-12-31 01654120 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-12-31 01654120 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:ListedExchangeTraded 2025-12-31 01654120 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:ListedExchangeTraded 2024-12-31 01654120 d:AcceleratedTaxDepreciationDeferredTax 2025-12-31 01654120 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 01654120 d:RetirementBenefitObligationsDeferredTax 2025-12-31 01654120 d:RetirementBenefitObligationsDeferredTax 2024-12-31 01654120 d:OtherDeferredTax 2025-12-31 01654120 d:OtherDeferredTax 2024-12-31 01654120 e:OrdinaryShareClass1 2025-01-01 2025-12-31 01654120 e:FRS102 2025-01-01 2025-12-31 01654120 e:Audited 2025-01-01 2025-12-31 01654120 e:FullAccounts 2025-01-01 2025-12-31 01654120 e:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 01654120 d:WithinOneYear 2025-12-31 01654120 d:WithinOneYear 2024-12-31 01654120 d:BetweenOneFiveYears 2025-12-31 01654120 d:BetweenOneFiveYears 2024-12-31 01654120 d:MoreThanFiveYears 2025-12-31 01654120 d:MoreThanFiveYears 2024-12-31 01654120 d:HirePurchaseContracts d:WithinOneYear 2025-12-31 01654120 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 01654120 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-12-31 01654120 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 01654120 2 2025-01-01 2025-12-31 01654120 d:ShareCapital 1 2025-01-01 2025-12-31 01654120 d:ShareCapital 1 2024-01-01 2024-12-31 01654120 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2025-12-31 01654120 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-12-31 01654120 d:LeasedAssetsHeldAsLessee 2025-12-31 01654120 d:LeasedAssetsHeldAsLessee 2024-12-31 01654120 f:PoundSterling 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure

Registered number: 01654120









ACCENT SERVICES (AIR CONDITIONING) LIMITED









ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
COMPANY INFORMATION


Directors
J P S Curry 
G A Felgate 
I Marriott 
I Spencer 




Registered number
01654120



Registered office
Unit 17 Shepperton Business Park
Govett Avenue

Shepperton

Middlesex

United Kingdom

TW17 8BA




Independent auditors
Barnes Roffe Audit Limited
Chartered Accountants and Statutory Auditors

3 Brook Business Centre

Cowley Mill Road

Uxbridge

Middlesex

UB8 2FX





 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 

CONTENTS



Page
Strategic report
1 - 4
Directors' report
5 - 6
Independent auditors' report
7 - 11
Statement of comprehensive income
12 - 13
Statement of financial position
13
Statement of changes in equity
14
Notes to the financial statements
15 - 31


 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025

1. Introduction
 
The directors present their Strategic report for the year ended 31 December 2025.
Accent Services (Air Conditioning) Limited (“the Company”) continued to perform strongly in 2025, building on the momentum achieved in 2024. The business remains well positioned within the UK air conditioning and chiller services market, supported by long standing customers, technical capability, and a strong reputation for service quality.
2. Business review
2.1 Financial performance
The Company delivered another solid year of financial performance, with turnover exceeding £20.1m (2024 - £19.5m), reflecting strong growth in the Service division.
Headline results (year ended 31 December 2025)
Revenue: £20,107,411
Gross Profit: £6,776,358
Gross Margin: 33.70%
Profit Before Tax: £1,054,929
2.2 Operational performance
2025 saw continued progress across the Company’s operations:
 
The Manchester office continued to scale, improving utilisation of engineers and strengthening regional presence.
The Bristol office delivered steady performance but still presents further growth potential.
The business opened a dedicated technical training centre, designed to accelerate the development of apprentices, new engineers, and cross-skilling of existing staff.
Service delivery KPIs such as first time fix rate, response times and SLA adherence remained at acceptable levels, though continued pressure existed due to labour shortages in the industry.
The Company maintained its high standards of customer service, supported by investment in internal systems and process improvements.
 
3. Market and sector 
The UK air conditioning and refrigeration sector remained resilient in 2025 but was affected by the slow down in office construction and the additional NI costs which impacted labour costings across the industry.
Key factors influencing demand included:
 
Regulatory and compliance requirements (F Gas, efficiency standards, safety legislation).
Increased building utilisation post pandemic and ongoing emphasis on indoor air quality.
Replacement cycles for ageing systems in commercial buildings.
Continued growth in data centre cooling and specialist environments.
 
Competitive pressure remains present, particularly in margins, but Accent Services (Air Conditioning) Limited continues to differentiate through service quality, responsiveness, and engineering capability.

Page 1

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025

4. Principal risks and uncertainties
The directors have reviewed the principal risks affecting the business. There were no significant changes during the year, with the exception of tight labour market conditions making recruitment of high quality engineers increasingly difficult.
The principal risks and uncertainties are:

Risk
Inherent risk
assessment 
Residual risk
assessment
Change since
 2024
Managed/Mitigated
Oversight responsibility
Recruitment 
and Retention of skilled engineers
High
High
Worsening
Top quartile pay
and benefits.
Clear career
pathways
Investment in the
new training
centre.
Strong 
apprenticeship and
trainee development
programmes.
CEO 
Cyber 
Security and
IT Failure
High
High
Unchanged
Mitigated via third-
party IT 
provider, multilayered
protections, and
ongoing system
reviews.
CEO
Adverse economic climate (including NI
rises leading to lower employment)
High
Medium
Unchanged
Inflation, wage
pressures and
interest rate
environment may
impact margins
and
customer budgets.
Mitigated via
regular monitoring 
and flexible 
pricing strategies.
CEO & CFO
Significant bad
debt 
High
Medium
Unchanged
Remains 
tightly controlled
via
credit checks,
approval limits,
and close
monitoring. 
CEO & CFO

 
Page 2

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025

Principal risks and uncertainties (continued)
 
Risk
Inherent risk
assessment 
Residual risk
assessment
Change 
since 2024
Managed/Mitigaed
Oversight responsibility
Fraud
Medium
Medium
Unchanged
Controlled via
segregation of
duties, approval 
controls and
oversight
CEO & CFO
Operational disruption
Medium
Medium
Unchanged
External events
(e.g. supply chain
delays, site access
issues) remain a risk.
CEO & Projects Operations Director and
Service Director
Margin pressure
High
Medium
Unchanged
Competitive environment
continues to apply
pricing pressure.
CEO, Sales
Director, Projects & 
Technical Director
Stakeholder perception
Medium
Low
Unchanged
Regular services
and direct
customer
and staff contact is
originated by the
CEO.
CEO
Health and
Safety
Medium
Medium
Unchanged
Always a core 
operational risk
managed through
training, site audits
and director 
level oversight.
CEO and
Health and
Safety Director

Page 3

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025

5. Section 172 Statement (Stakeholder Engagement)
 
In performing their duties under Section 172 of the Companies Act 2006, the directors have had regard to the interests of stakeholders.
Key considerations in 2025 included:
Employees 
Continued investment in training, apprenticeships and career development.
Strengthening management structures and communication channels.
Review of pay and benefits to remain competitive.
Customers
Focus on service quality and responsiveness.
Ongoing discussions to understand customer needs, especially around compliance and efficiency
Suppliers
Stable supplier relationships, important given industry supply chain pressures.
Continued work with key manufacturers and distributors to manage lead times and pricing.
Community and environment
Increasing emphasis on compliance, safety and responsible working practices.
Supporting low impact refrigerants and maintaining best environmental practice through safe handling and disposal.
Long term decision making
Investment in a training centre is intended to strengthen future workforce capability.
Technology investments Including A.I. continue to support long term operational efficiency.
6. Outlook for 2026
The directors expect 2026 to remain a positive year for the Company.
Opportunities include: 
Strengthening the training centre to build internal talent pipelines.
Growth in contracted maintenance as customers focus on compliance and reliability.
Moderate expansion of the Manchester and Bristol operations.
Continued improvement of IT systems and reporting processes.
Margin stability supported by improved project management and pricing discipline.
Risks remain around recruitment, wage inflation and competitive pricing, but the Company is well positioned to manage these pressures.

This report was approved by the board on                                                      and signed on its behalf.


J P S Curry
Director

Page 4

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025

The directors present their report and the financial statements for the year ended 31 December 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for a period of not less than twelve months from the date of approval of these financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
 
Results and dividends

The profit for the year, after taxation, amounted to £701,337 (2024 - £1,040,974).
Dividends of £326,340 (2024 - £370,440) were declared in favour of the parent company in the year and are expected to be paid in 2026.

Directors

The directors who served during the year were:

J P S Curry 
G A Felgate 
I Marriott 
I Spencer 
P J Tyler (resigned 31 October 2025)

 
Page 5

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025

Financial risk management
The Company’s financial risk management policies are consistent with prior years and include controls over credit risk, liquidity, interest rate exposure, and operational risk. Measures include credit limit controls and ongoing reviews by the finance team — consistent with historic disclosures in the Company’s statutory accounts.
Employee matters
The Company places significant emphasis on recruitment, retention, and development of staff. Apprenticeships, technical training, and internal progression frameworks support long term capability. The business operates an equal opportunities policy and ensures that all employees have access to training and development opportunities.
Disabled persons statement
The Company is committed to equal opportunities in employment for disabled persons. Applications from disabled candidates are given full and fair consideration, and every effort is made to support employees who become disabled during their employment, including retraining and reasonable adjustments.
Directors’ indemnities
The Company maintains directors’ and officers’ liability insurance for the benefit of all directors, consistent with the provisions of the Companies Act 2006. No qualifying third party indemnities were granted during the year other than those permitted by law.

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Post balance sheet events

There have been no subsequent events that require disclosure or adjustments to the financial statements.

Auditors

During the year, Barnes Roffe LLP resigned as auditors due to the transfer of its audit business and its successor Barnes Roffe Audit Limited was appointed by the directors under s485 Companies Act 2006.

This report was approved by the board on 19 May 2026 and signed on its behalf.
 





J P S Curry
Director

Page 6

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACCENT SERVICES (AIR CONDITIONING) LIMITED
 

Opinion


We have audited the financial statements of Accent Services (Air Conditioning) Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of comprehensive income, the Statement of financial position, the Statement of changes in equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 December 2025 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Page 7

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACCENT SERVICES (AIR CONDITIONING) LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Page 8

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACCENT SERVICES (AIR CONDITIONING) LIMITED (CONTINUED)


Responsibilities of directors
 

As explained more fully in the Directors' responsibilities statement set out on page 5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.
Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with law and regulations, was as follows:
 
The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
We identified the laws and regulations applicable to the company through discussion with directors and other management, and from our commercial knowledge and experience of the relevant sector;
The specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, are as follows:
 
°Companies Act 2006.
°FRS102.
°Employment legislation.
°Tax legislation.
 
We assessed the extent of compliance with the laws and regulations identified above through making inquiries of directors and other management; and
Laws and regulations were communicated within the audit team at the planning meeting, and during the audit as any further laws and regulation were identified. The audit team remained alert to instances of noncompliance throughout the audit.
Page 9

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACCENT SERVICES (AIR CONDITIONING) LIMITED (CONTINUED)


 

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur by:
 
Making enquiries of management as to where they consider there was susceptibility to fraud and their knowledge of actual, suspected and alleged fraud;
Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations;
Reviewing the financial statements and testing the disclosures against supporting documentation;
Performing analytical procedures to identify any unusual or unexpected trends or anomalies;
Inspecting and testing journal entries to identify unusual or unexpected transactions;
Assessing whether judgement and assumptions made in determining significant accounting estimates were indicative of management bias; and
Investigating the rationale behind significant transactions, or transactions that are unusual or outside the company’s usual course of business.
 
The areas that we identified as being susceptible to misstatement through fraud were:
 
Management bias in the estimates and judgements made;
Management override of controls; and
Posting of unusual journals or transactions.


Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.


Page 10

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACCENT SERVICES (AIR CONDITIONING) LIMITED (CONTINUED)


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Elliot S J Arwas (Senior statutory auditor)
for and on behalf of
Barnes Roffe Audit Limited
Chartered Accountants and Statutory Auditors
3 Brook Business Centre
Cowley Mill Road
Uxbridge
Middlesex
UB8 2FX

20 May 2026
Page 11

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025

2025
2024
Note
£
£

  

Turnover
 4 
20,107,411
19,511,763

Cost of sales
  
(13,331,053)
(12,522,179)

Gross profit
  
6,776,358
6,989,584

Administrative expenses
  
(5,746,805)
(5,434,774)

Operating profit
 5 
1,029,553
1,554,810

Revaluation of investments
  
42,612
(287,212)

Interest receivable and similar income
 9 
-
16,331

Interest payable and similar expenses
 10 
(17,236)
(16,510)

Profit before tax
  
1,054,929
1,267,419

Tax on profit
 11 
(353,592)
(226,445)

Profit for the financial year
  
701,337
1,040,974

Total comprehensive income for the year
  
701,337
1,040,974

The notes on pages 15 to 31 form part of these financial statements.

Page 12

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 13 
1,235,243
1,050,386

Investments
 14 
393,820
351,208

  
1,629,063
1,401,594

Current assets
  

Stocks
 15 
187,543
137,196

Debtors: amounts falling due within one year
 16 
3,645,945
3,887,433

Cash at bank and in hand
 17 
2,906,356
2,651,178

  
6,739,844
6,675,807

Creditors: amounts falling due within one year
 18 
(2,980,733)
(3,176,851)

Net current assets
  
 
 
3,759,111
 
 
3,498,956

Total assets less current liabilities
  
5,388,174
4,900,550

Creditors: amounts falling due after more than one year
 19 
(96,169)
(105,244)

Provisions for liabilities
  

Deferred tax
 22 
(220,422)
(98,720)

  
 
 
(220,422)
 
 
(98,720)

Net assets
  
5,071,583
4,696,586


Capital and reserves
  

Called up share capital 
 23 
8,820
8,820

Share premium account
 24 
121,680
121,680

Revaluation reserve
 24 
(163,093)
(195,052)

Profit and loss account
 24 
5,104,176
4,761,138

  
5,071,583
4,696,586


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 May 2026.


J P S Curry
Director

The notes on pages 15 to 31 form part of these financial statements.

Page 13

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025


Called up share capital
Share premium account
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 January 2025
8,820
121,680
(195,052)
4,761,138
4,696,586


Comprehensive income for the year

Profit for the year
-
-
-
701,337
701,337

Transfer of revaluation
-
-
31,959
(31,959)
-
Total comprehensive income for the year
-
-
31,959
669,378
701,337


Contributions by and distributions to owners

Dividends: Equity capital
-
-
-
(326,340)
(326,340)


Total transactions with owners
-
-
-
(326,340)
(326,340)


At 31 December 2025
8,820
121,680
(163,093)
5,104,176
5,071,583



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Share premium account
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 January 2024
8,820
121,680
27,143
3,868,409
4,026,052


Comprehensive income for the year

Profit for the year
-
-
-
1,040,974
1,040,974

Transfer of revaluation
-
-
(222,195)
222,195
-
Total comprehensive income for the year
-
-
(222,195)
1,263,169
1,040,974


Contributions by and distributions to owners

Dividends: Equity capital
-
-
-
(370,440)
(370,440)


Total transactions with owners
-
-
-
(370,440)
(370,440)


At 31 December 2024
8,820
121,680
(195,052)
4,761,138
4,696,586


The notes on pages 15 to 31 form part of these financial statements.

Page 14

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

1.


General information

Accent Services (Air Conditioning) Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is Unit 17 Shepperton Business Park, Govett Avenue, Shepperton, Middlesex, United Kingdom, TW17 8BA.
The principal activity of the company continued to be that of providing specialist services relating to the design, installation and service support for all air conditioning equipment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The Company has taken advantage of the following disclosure exemptions in preparing these
financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
 
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Accent Holdings Limited as at 31 December 2025 and these financial statements may be obtained from the offices of Accent Services (Air Conditioning) Limited, Unit 17 shepperton Business Park, Govett Avenue, Middlesex, TW17 8BA. 
 

  
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for a period of not less than twelve months from the date of approval of these financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Page 15

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover represents amounts receivable for services net of VAT and trade discounts. Revenue is recognised when the company has performed its contractual obligations and a right to consideration has been obtained through its performance.
Revenue from maintenance contracts is recognised on completion of the visit. Revenue from service and repair work is recognised on completion of the work. Revenue from installations is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is normally set as part of the overall project plan agreed with the client. 

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

 
2.5

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 16

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Land and buildings Leasehold
-
Straight line over the life of the lease
Plant and machinery
-
20% and 25% straight line basis
Motor vehicles
-
30% reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

Page 17

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of comprehensive income.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are charged as an expense to the Statement of comprehensive income.

 
2.15

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 debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is
Page 18

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)


2.15
Financial instruments (continued)

measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
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 the Statement of comprehensive income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Other financial assets, which includes investments in equity instruments which are not classified as
subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the
recognised transaction price. Such assets are subsequently measured at fair value with the changes
in fair value being recognised in the profit or loss. Where other financial assets are not publicly
traded, hence their fair value cannot be measured reliably, they are measured at cost less
impairment.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 19

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
1. Determine whether there are indicators of impairment of trade debtors. Factors taken into consideration in reaching such a decision include the ageing of trade debtors.
2. Sales rebate provisions are made during the year based on the rebate agreements in place. Provisions are accrued during the year using the company's estimate of product sales during the rebate period. As the rebate is based on actual product sales, this can vary from the company's estimate.


4.


Turnover

An analysis of the company's turnover is as follows:


2025
2024
£
£

Turnover analysed by class of business


Installations
9,459,623
10,190,684

Maintenance and repairs
10,647,788
9,321,079

20,107,411
19,511,763

All turnover arose within the United Kingdom.


5.


Operating profit

The operating profit is stated after charging/(crediting):

2025
2024
£
£

Depreciation of tangible fixed assets
374,479
294,864

Loss/(profit) on disposal of tangible fixed assets
15,006
(15,299)

Operating lease charges
203,137
121,257

Page 20

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

6.


Auditors' remuneration

2025
2024
£
£

Fees payable to the Company's auditors for the audit of the Company's financial statements
16,730
15,935


7.


Employees

Staff costs, including directors' remuneration, were as follows:


2025
2024
£
£

Wages and salaries
6,455,810
5,859,622

Social security costs
810,354
582,394

Cost of defined contribution scheme
171,767
154,344

7,437,931
6,596,360


The average monthly number of employees, including the directors, during the year was as follows:


        2025
        2024
            No.
            No.







Direct
51
44



Administrator
61
57

112
101

Page 21

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

8.


Directors' remuneration

2025
2024
£
£

Directors' emoluments
493,186
668,282

Company contributions to defined contribution pension schemes
15,247
16,263

508,433
684,545


During the year retirement benefits were accruing to 4 directors (2024 - 4) in respect of defined contribution pension schemes.

The highest paid director received remuneration of £225,162 (2024 - £283,515).

The value of the Company's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £5,361 (2024 - £6,953).


9.


Interest receivable

2025
2024
£
£


Interest receivable on corporation tax
-
16,331

-
16,331


10.


Interest payable and similar expenses

2025
2024
£
£


Finance leases and hire purchase contracts
17,236
16,510

17,236
16,510

Page 22

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

11.


Taxation


2025
2024
£
£

Corporation tax


Current tax on profits for the year
231,890
348,469

Adjustments in respect of previous years
-
(61,431)


231,890
287,038


Total current tax
231,890
287,038

Deferred tax


Origination and reversal of timing differences
121,702
(60,593)

Total deferred tax
121,702
(60,593)


Tax on profit
353,592
226,445
Page 23

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
 
11.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is higher than (2024 - lower than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:

2025
2024
£
£


Profit on ordinary activities before tax
1,054,929
1,267,419


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)
263,732
316,855

Effects of:


Tax effect of expenses that are not deductible in determining taxable profit
1,139
83,807

Capital allowances for year differing to depreciation
6,241
(10,582)

Depreciation on assets not qualifying for tax allowances
-
(7,024)

Adjustments in respect of prior years
-
(61,431)

Deferred tax in respect of revaluation reserve
75,670
(92,102)

Other timing differences
6,810
(3,078)

Total tax charge for the year
353,592
226,445


Factors that may affect future tax charges

There are no significant factors that may affect future tax charges.


12.


Dividends

2025
2024
£
£


Dividends paid
326,340
370,440

326,340
370,440

Page 24

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

13.


Tangible fixed assets


Long-term leasehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost


At 1 January 2025
251,213
429,891
1,572,168
2,253,272


Additions
185,945
64,140
340,819
590,904


Disposals
-
-
(141,044)
(141,044)



At 31 December 2025

437,158
494,031
1,771,943
2,703,132



Depreciation


At 1 January 2025
129,259
321,263
752,364
1,202,886


Charge for the year 
47,657
24,052
302,770
374,479


Disposals
-
-
(109,476)
(109,476)



At 31 December 2025

176,916
345,315
945,658
1,467,889



Net book value



At 31 December 2025
260,242
148,716
826,285
1,235,243



At 31 December 2024
121,954
108,628
819,804
1,050,386

Page 25

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

           13.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2025
2024
£
£



Motor vehicles
290,060
367,430

290,060
367,430


14.


Investments





Listed investments

£



Valuation


At 1 January 2025
351,208


Revaluations
42,612



At 31 December 2025
393,820





15.


Stocks

2025
2024
£
£

Raw materials and consumables
187,543
137,196

187,543
137,196


Page 26

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

16.


Debtors

2025
2024
£
£


Trade debtors
3,391,968
3,622,719

Other debtors
655
-

Prepayments and accrued income
253,322
264,714

3,645,945
3,887,433



17.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
2,906,356
2,651,178

2,906,356
2,651,178



18.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
1,006,727
1,347,146

Corporation tax
128,765
75,019

Other taxation and social security
693,532
477,738

Obligations under finance lease and hire purchase contracts
120,589
149,508

Other creditors
-
27,238

Accruals and deferred income
1,031,120
1,100,202

2,980,733
3,176,851


The finance leases and hire purchase contracts are secured by charges over the assets financed.

Page 27

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

19.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Obligations under finance leases and hire purchase contracts
96,169
105,244

96,169
105,244


The finance leases and hire purchase contracts are secured by charges over the assets financed.


20.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2025
2024
£
£


Within one year
120,589
149,508

In one to five years
96,169
105,244

216,758
254,752

Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

Page 28

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

21.


Financial instruments

2025
2024
£
£

Financial assets


Financial assets that are debt instruments measured at amortised cost
3,392,623
3,622,719

Financial assets measured at fair value through profit or loss
393,820
351,208

3,786,443
3,973,927


Financial liabilities


Financial liabilities measured at amortised cost
1,223,485
1,629,136


Financial assets that are debt instruments measured at amortised cost comprise trade debtors and other debtors. 
Financial assets measured at fair value through profit or loss comprise listed investments.
Financial liabilities measured at amortised cost comprise trade creditors, other creditors and obligations under finance lease and hire purchase contracts.


22.


Deferred taxation




2025


£






At beginning of year
98,720


Charged to the Statement of comprehensive income
121,702



At end of year
220,422

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
209,933
170,711

Pension liability
(164)
(6,974)

Investment revaluation
10,653
(65,017)

220,422
98,720

Page 29

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

23.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



8820 Ordinary shares of £1 each
8,820
8,820

The company has one class of ordinary shares which carry no right to fixed income.



24.


Reserves

Share premium account

This reserve records the amount above the nominal value received for shares sold, less transaction costs.

Revaluation reserve

Revaluation reserve represents revaluation reserves on investments net of deferred tax.

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.


25.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable to the fund and amounted to £171,767 (2024 - £154,344). The pension fund balance outstanding at the reporting date was £Nil (2024 - £27,238).


26.


Commitments under operating leases

At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
225,312
120,844

Later than 1 year and not later than 5 years
826,146
180,010

Later than 5 years
287,088
-

1,338,546
300,854

Page 30

 
ACCENT SERVICES (AIR CONDITIONING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

27.


Related party transactions

The company has taken advantage of the exemption conferred by FRS 102 and has not disclosed related party transactions between wholly owned members of the group.
 
At the year end, the company had a balance of £1,971 (2024 - £9,933) due from Symtrex Ltd, a related party by virtue of a common director. The balance is included within trade debtors. 


28.


Post balance sheet events

There are no subsequent events that require disclosure or adjustments to the finacial statements.


29.


Ultimate parent undertaking and controlling party

The immediate and ultimate parent undertaking is Accent Holdings Limited, a company incorporated in England and Wales.  Its registered office address is Field Lodge, Steventon,  Hampshire, RG25 3AY.
The company is included in the consolidated accounts of Accent Holdings Limited which is the largest and smallest consolidated accounts the company is included within. The accounts of Accent Holdings Limited are available from its registered office.
The ultimate controlling party is the J A H Curry Discretionary Trust.

 
Page 31