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Registered number: 12704711
ACJ Air Conditioning & Heating Ltd
Financial Statements
For The Year Ended 30 June 2026
Tucker Accountants Limited
ACCA
Unit 6A Spillmans Court
Middle Spillmans
Stroud
GL5 3RU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 12704711
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,062 1,437
Tangible Assets 5 12,983 12,770
14,045 14,207
CURRENT ASSETS
Stocks 6 1,395 2,413
Debtors 7 7,174 9,994
Cash at bank and in hand 80,566 19,522
89,135 31,929
Creditors: Amounts Falling Due Within One Year 8 (57,946 ) (20,562 )
NET CURRENT ASSETS (LIABILITIES) 31,189 11,367
TOTAL ASSETS LESS CURRENT LIABILITIES 45,234 25,574
Creditors: Amounts Falling Due After More Than One Year 9 - (1,519 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,311 ) (2,426 )
NET ASSETS 42,923 21,629
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account 42,922 21,628
SHAREHOLDERS' FUNDS 42,923 21,629
Page 1
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For the year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Jonathan Toon
Director
31/10/2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ACJ Air Conditioning & Heating Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12704711 . The registered office is 2 Baycroft, Box, Stroud, Gloucestershire, GL6 9HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Straight Line - 5%
Plant & Machinery Straight Line - 15%
Computer Equipment Straight Line - 20%
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2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 1)
2 1
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4. Intangible Assets
Other
£
Cost
As at 1 July 2025 1,500
As at 30 June 2026 1,500
Amortisation
As at 1 July 2025 63
Provided during the period 375
As at 30 June 2026 438
Net Book Value
As at 30 June 2026 1,062
As at 1 July 2025 1,437
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2025 - 17,533 190 17,723
Additions 2,500 1,000 310 3,810
As at 30 June 2026 2,500 18,533 500 21,533
Depreciation
As at 1 July 2025 - 4,883 70 4,953
Provided during the period 10 3,524 - 3,534
Disposals - - 63 63
As at 30 June 2026 10 8,407 133 8,550
Net Book Value
As at 30 June 2026 2,490 10,126 367 12,983
As at 1 July 2025 - 12,650 120 12,770
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6. Stocks
2026 2025
£ £
Stock 1,395 2,413
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors - 6,228
Other debtors 7,174 3,766
7,174 9,994
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 1,519 2,604
Trade creditors 32,314 10,752
Other creditors 426 1,290
Taxation and social security 23,687 5,916
57,946 20,562
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts - 1,519
10. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,519 2,604
Later than one year and not later than five years - 1,519
1,519 4,123
1,519 4,123
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11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1 1
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