IRIS Accounts Production v26.1.10.61 SC145391 Board of Directors 1.8.24 31.7.25 31.7.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC145391 2024-07-31 SC145391 2025-07-31 SC145391 2024-08-01 2025-07-31 SC145391 2023-07-31 SC145391 2023-08-01 2024-07-31 SC145391 2024-07-31 SC145391 ns15:Scotland 2024-08-01 2025-07-31 SC145391 ns14:PoundSterling 2024-08-01 2025-07-31 SC145391 ns10:Director1 2024-08-01 2025-07-31 SC145391 ns10:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 SC145391 ns10:SmallEntities 2024-08-01 2025-07-31 SC145391 ns10:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 SC145391 ns10:SmallCompaniesRegimeForDirectorsReport 2024-08-01 2025-07-31 SC145391 ns10:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 SC145391 ns10:FullAccounts 2024-08-01 2025-07-31 SC145391 ns10:Director2 2024-08-01 2025-07-31 SC145391 ns10:RegisteredOffice 2024-08-01 2025-07-31 SC145391 ns5:CurrentFinancialInstruments 2025-07-31 SC145391 ns5:CurrentFinancialInstruments 2024-07-31 SC145391 ns5:Non-currentFinancialInstruments 2025-07-31 SC145391 ns5:Non-currentFinancialInstruments 2024-07-31 SC145391 ns5:ShareCapital 2025-07-31 SC145391 ns5:ShareCapital 2024-07-31 SC145391 ns5:RetainedEarningsAccumulatedLosses 2025-07-31 SC145391 ns5:RetainedEarningsAccumulatedLosses 2024-07-31 SC145391 ns5:PlantMachinery 2024-08-01 2025-07-31 SC145391 ns5:FurnitureFittings 2024-08-01 2025-07-31 SC145391 ns5:MotorVehicles 2024-08-01 2025-07-31 SC145391 ns5:ComputerEquipment 2024-08-01 2025-07-31 SC145391 ns5:PlantMachinery 2024-07-31 SC145391 ns5:FurnitureFittings 2024-07-31 SC145391 ns5:MotorVehicles 2024-07-31 SC145391 ns5:ComputerEquipment 2024-07-31 SC145391 ns5:PlantMachinery 2025-07-31 SC145391 ns5:FurnitureFittings 2025-07-31 SC145391 ns5:MotorVehicles 2025-07-31 SC145391 ns5:ComputerEquipment 2025-07-31 SC145391 ns5:PlantMachinery 2024-07-31 SC145391 ns5:FurnitureFittings 2024-07-31 SC145391 ns5:MotorVehicles 2024-07-31 SC145391 ns5:ComputerEquipment 2024-07-31 SC145391 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-07-31 SC145391 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-07-31 SC145391 ns5:LeasedAssetsHeldAsLessee 2024-07-31 SC145391 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-08-01 2025-07-31 SC145391 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-08-01 2025-07-31 SC145391 ns5:LeasedAssetsHeldAsLessee 2024-08-01 2025-07-31 SC145391 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-07-31 SC145391 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2025-07-31 SC145391 ns5:LeasedAssetsHeldAsLessee 2025-07-31 SC145391 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-07-31 SC145391 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-07-31 SC145391 ns5:LeasedAssetsHeldAsLessee 2024-07-31 SC145391 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-07-31 SC145391 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-07-31 SC145391 ns5:CurrentFinancialInstruments 2024-08-01 2025-07-31 SC145391 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-07-31 SC145391 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-07-31 SC145391 2 ns10:Director2 2024-07-31 SC145391 2 ns10:Director2 2023-07-31 SC145391 2 ns10:Director2 2024-08-01 2025-07-31 SC145391 2 ns10:Director2 2023-08-01 2024-07-31 SC145391 2 ns10:Director2 2025-07-31 SC145391 2 ns10:Director2 2024-07-31

REGISTERED NUMBER: SC145391 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

Atlas Air Conditioning Ltd.

| Atlas Air Conditioning Ltd. (Registered number: SC145391) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page |

| Company information | 1 |

| Balance sheet | 2 |

| Notes to the financial statements | 4 |

| Atlas Air Conditioning Ltd. |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2025

| DIRECTORS: | S J Head

| S A Leiper

| REGISTERED OFFICE: | Pavilion 2

| 3 Dava Street

| Glasgow

| G51 2JA

| REGISTERED NUMBER: | SC145391 (Scotland)

| ACCOUNTANTS: | Burgoyne Carey

| Chartered Accountants

| Pavilion 2

| 3 Dava Street

| Broomloan Road

| Glasgow

| G51 2JA

| Atlas Air Conditioning Ltd. (Registered number: SC145391) |

BALANCE SHEET

31 JULY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 375,110 |  | 301,393 |  |

Investments | 5 | 162,640 |  | 162,640 |  |

537,750 |  | 464,033 |  |

CURRENT ASSETS

Stocks | 778,537 |  | 1,459,713 |  |

Debtors | 6 | 893,817 |  | 762,838 |  |

Cash at bank and in hand | 915,155 |  | 938,091 |  |

2,587,509 |  | 3,160,642 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,251,672 |  | 1,937,477 |  |

NET CURRENT ASSETS | 1,335,837 |  | 1,223,165 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,873,587 |  | 1,687,198 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (185,275 | ) | (238,091 | ) |

PROVISIONS FOR LIABILITIES | (60,270 | ) | (158,348 | ) |

NET ASSETS | 1,628,042 |  | 1,290,759 |  |

CAPITAL AND RESERVES

Called up share capital | 6,000 |  | 6,000 |  |

Retained earnings | 1,622,042 |  | 1,284,759 |  |

SHAREHOLDERS' FUNDS | 1,628,042 |  | 1,290,759 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| Atlas Air Conditioning Ltd. (Registered number: SC145391) |

BALANCE SHEET - continued

31 JULY 2025

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2026 and were signed on its behalf by:

S J Head - Director

| Atlas Air Conditioning Ltd. (Registered number: SC145391) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. | STATUTORY INFORMATION

| Atlas Air Conditioning Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| BASIS OF PREPARING THE FINANCIAL STATEMENTS

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| TURNOVER

| Turnover represents amounts invoiced for air conditioning installation and maintenance during the year, exclusive of Value Added Tax.

| TANGIBLE FIXED ASSETS

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

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on cost

| Computer equipment | - | 25% on reducing balance

| STOCKS

| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| TAXATION

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| DEFERRED TAX

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

| Atlas Air Conditioning Ltd. (Registered number: SC145391) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| HIRE PURCHASE AND LEASING COMMITMENTS

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

| The company makes payments on behalf of the the employees into a money purchase pension scheme.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 19 (2024 - 24 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 August 2024 | 133,310 |  | - |  | 544,293 |  | 26,723 |  | 704,326 |  |

| Additions | - |  | 12,197 |  | 217,919 |  | - |  | 230,116 |  |

| Disposals | - |  | - |  | (99,672 | ) | - |  | (99,672 | ) |

| At 31 July 2025 | 133,310 |  | 12,197 |  | 662,540 |  | 26,723 |  | 834,770 |  |

| DEPRECIATION

| At 1 August 2024 | 117,610 |  | - |  | 258,601 |  | 26,722 |  | 402,933 |  |

| Charge for year | 7,400 |  | 2,197 |  | 97,042 |  | - |  | 106,639 |  |

| Eliminated on disposal | - |  | - |  | (49,912 | ) | - |  | (49,912 | ) |

| At 31 July 2025 | 125,010 |  | 2,197 |  | 305,731 |  | 26,722 |  | 459,660 |  |

| NET BOOK VALUE

| At 31 July 2025 | 8,300 |  | 10,000 |  | 356,809 |  | 1 |  | 375,110 |  |

| At 31 July 2024 | 15,700 |  | - |  | 285,692 |  | 1 |  | 301,393 |  |

| Atlas Air Conditioning Ltd. (Registered number: SC145391) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 August 2024 | 33,000 |  | 517,593 |  | 550,593 |  |

| Additions | - |  | 217,919 |  | 217,919 |  |

| Disposals | - |  | (92,972 | ) | (92,972 | ) |

| At 31 July 2025 | 33,000 |  | 642,540 |  | 675,540 |  |

| DEPRECIATION

| At 1 August 2024 | 17,300 |  | 245,902 |  | 263,202 |  |

| Charge for year | 7,400 |  | 91,042 |  | 98,442 |  |

| Eliminated on disposal | - |  | (43,212 | ) | (43,212 | ) |

| At 31 July 2025 | 24,700 |  | 293,732 |  | 318,432 |  |

| NET BOOK VALUE

| At 31 July 2025 | 8,300 |  | 348,808 |  | 357,108 |  |

| At 31 July 2024 | 15,700 |  | 271,691 |  | 287,391 |  |

5. | FIXED ASSET INVESTMENTS

| Investments (neither listed nor unlisted) were as follows:

2025 | 2024 |

£ | £ |

| Other | 162,640 |  | 162,640 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 669,706 |  | 468,721 |  |

| Other debtors | 4,353 |  | 65,397 |  |

| Directors' current accounts | 195,619 |  | 141,256 |  |

| VAT | 8,867 |  | 72,192 |  |

| Prepayments | 15,272 |  | 15,272 |  |

893,817 |  | 762,838 |  |

| Included in trade debtors above is £166,272 owed by companies controlled by the directors of the company.

| Atlas Air Conditioning Ltd. (Registered number: SC145391) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 27,000 |  | 36,000 |  |

| Atlas Air Conditioning SSAS | (22,785 | ) | (22,785 | ) |

| Hire purchase contracts | 124,498 |  | 136,254 |  |

| Trade creditors | 927,461 |  | 1,546,827 |  |

| Tax | 153,385 |  | 194,290 |  |

| Social security and other taxes | 10,995 |  | 34,686 |  |

| Other creditors | 20,397 |  | 1,264 |  |

| NEST Pensions | 4,181 |  | 4,401 |  |

| Accrued expenses | 6,540 |  | 6,540 |  |

1,251,672 |  | 1,937,477 |  |

| Included in trade creditors above is an amount of £281,397 due to companies controlled by the directors of the company.

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans - 1-2 years | - |  | 27,000 |  |

| Hire purchase contracts | 185,275 |  | 211,091 |  |

185,275 |  | 238,091 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 309,773 |  | 347,345 |  |

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024:

2025 | 2024 |

£ | £ |

| S A Leiper

| Balance outstanding at start of year | 141,256 |  | 154,673 |  |

| Amounts advanced | 54,363 |  | - |  |

| Amounts repaid | - |  | (13,417 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 195,619 |  | 141,256 |  |

| Atlas Air Conditioning Ltd. (Registered number: SC145391) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

11. | RELATED PARTY DISCLOSURES

| There is an outstanding loan to the directors of £195,619 which is being repaid over a period of 10 years. Interest is being charged on this loan at the market rate.

| Included in turnover are sales to related companies of £348,933.The balances due from these companies is disclosed in Note 8.

| The company purchased goods and services from related parties totalling £713,978. The balances due to these companies is disclosed at Note 9.