Air Conditioning One Ltd

Air Conditioning One Ltd Accountants' Report For the year ended 31 March 2026
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 March 2026 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Emma Vannan 31 March 2026 Emma Vannan 2 Cartrill Gardens Cartrill Street Raunds NN9 6XQ 30 June 2026 2

Air Conditioning One Ltd
Statement of Financial Position
As at 31 March 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	78,641	57,949
		78,641	57,949
Current assets
Stocks	4	428,379	352,181
Debtors: amounts falling due within one year	5	296,320	247,261
Debtors: amounts falling due after one year	6	8,700	8,700
Cash at bank and in hand		93,247	134,433
		826,646	742,575
Creditors: amount falling due within one year	7	(722,337)	(625,075)
Net current assets		104,309	117,500

Total assets less current liabilities		182,950	175,449
Creditors: amount falling due after more than one year	8	(20,000)	(12,500)
Net assets		162,950	162,949

Capital and reserves
Called up share capital	9	100	100
Profit and loss account		162,850	162,849
Shareholders' funds		162,950	162,949

For the year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question 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 accounts.

These 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 income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 30 June 2026 and were signed on its behalf by:

-------------------------------
Matthew Tarr
Director

Air Conditioning One Ltd
Notes to the Financial Statements
For the year ended 31 March 2026

General Information

Air Conditioning One Ltd is a private company, limited by shares, registered in England and Wales, registration number 08402708, registration address Unit C Bury Close, Higham Ferrers, Northants, NN10 8HQ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	50% Reducing Balance
Computer Equipment	50% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 5 (2025 : 5).

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 01 April 2025	78,245	27,925	5,368	111,538
Additions	-	35,392	1,721	37,113
Disposals	-	-	(1,825)	(1,825)
At 31 March 2026	78,245	63,317	5,264	146,826
Depreciation
At 01 April 2025	48,463	450	4,676	53,589
Charge for year	7,595	7,613	1,200	16,408
On disposals	-	-	(1,812)	(1,812)
At 31 March 2026	56,058	8,063	4,064	68,185
Net book values
Closing balance as at 31 March 2026	22,187	55,254	1,200	78,641
Opening balance as at 01 April 2025	29,782	27,475	692	57,949

Stocks

	2026 £		2025 £
Stocks	428,379		352,181
	428,379		352,181

Debtors: amounts falling due within one year

	2026 £	2025 £
Trade Debtors	285,184	235,715
Prepayments & Accrued Income	11,136	11,546
	296,320	247,261

Debtors: amounts falling due after one year

	2026 £		2025 £
Other Debtors	8,700		8,700
	8,700		8,700

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	315,773	272,801
Bank Loans & Overdrafts	2,500	0
Corporation Tax	82,982	78,412
PAYE & Social Security	2,766	1,820
Accrued Expenses	12,031	13,822
Other Creditors	4,204	3,674
Directors' Current Accounts	248,372	219,098
VAT	53,709	35,448
	722,337	625,075

Creditors: amount falling due after more than one year

	2026 £	2025 £
Bank Loans & Overdrafts	0	12,500
Other Creditors	20,000	0
	20,000	12,500

Share Capital

Authorised
100 Class A shares of £1.00 each

Allotted, called up and fully paid	2026 £		2025 £
100 Class A shares of £1.00 each	100		100
	100		100

10.

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value - income/(expenses)				Balance owed by/(owed to)
	2026 £		2025 £		2026 £		2025 £
Rent	5,000		12,000		0		0

11.	Bank Loans The Company received a £50,000 bounce back loan, interest free for the first 12 months. Repayments are due to start in June 2021.

Registered Number: 08402708
England and Wales
AIR CONDITIONING ONE LTD

Unaudited Financial Statements

Period of accounts Start date: 01 April 2025 End date: 31 March 2026