REGISTERED NUMBER: 05073155 (England and Wales)

Air Conditioning and Electrical Limited

Unaudited Financial Statements

for the Year Ended

31 March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Dean

Mrs T E Dean

SECRETARY:

D Dean

REGISTERED OFFICE:

Unit 12

Shottery Brook Office Park

Timothy's Bridge Road

Stratford upon Avon

Warwickshire

CV37 9NR

REGISTERED NUMBER:

05073155 (England and Wales)

ACCOUNTANTS:

Moffat Gilbert

Unit 12

Shottery Brook Office Park

Timothy's Bridge Road

Stratford upon Avon

Warwickshire

CV37 9NR

FIXED ASSETS

Tangible assets

4

247,170

164,994

CURRENT ASSETS

Stocks

50,327

49,989

Debtors

5

411,014

296,843

Cash at bank and in hand

52,301

114,889

513,642

461,721

CREDITORS

Amounts falling due within one year

6

433,984

427,504

NET CURRENT ASSETS

79,658

34,217

TOTAL ASSETS LESS CURRENT LIABILITIES

326,828

199,211

PROVISIONS FOR LIABILITIES

47,398

27,228

NET ASSETS

279,430

171,983

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

279,330

171,883

SHAREHOLDERS' FUNDS

279,430

171,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

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 3 November 2026 and were signed on its behalf by:

D Dean - Director

Mrs T E Dean - Director

1.	STATUTORY INFORMATION

Air Conditioning and Electrical Limited is a private company, limited by shares , registered in England and Wales. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The turnover is adjusted by the change in values at the accounts reporting date of work in progress which is valued at sale price.

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

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on 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.

Work in progress is valued based on the fair valuations of the stage reached of contracts at the accounts reporting date. The adjustment being made via turnover.

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.

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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2025 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 April 2025

3,977

63,461

8,194

Additions

-

9,407

4,563

Disposals

(3,977

)

(589

)

-

At 31 March 2026

-

72,279

12,757

DEPRECIATION

At 1 April 2025

3,977

22,723

2,919

Charge for year

-

6,847

1,354

Eliminated on disposal

(3,977

)

(371

)

-

At 31 March 2026

-

29,199

4,273

NET BOOK VALUE

At 31 March 2026

-

43,080

8,484

At 31 March 2025

-

40,738

5,275

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

228,876

13,172

317,680

Additions

158,118

4,628

176,716

Disposals

(63,720

)

(1,312

)

(69,598

)

At 31 March 2026

323,274

16,488

424,798

DEPRECIATION

At 1 April 2025

115,631

7,436

152,686

Charge for year

46,201

2,365

56,767

Eliminated on disposal

(26,441

)

(1,036

)

(31,825

)

At 31 March 2026

135,391

8,765

177,628

NET BOOK VALUE

At 31 March 2026

187,883

7,723

247,170

At 31 March 2025

113,245

5,736

164,994

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

Motor

vehicles

£

COST

At 1 April 2025

34,469

Transfer to ownership

(34,469

)

At 31 March 2026

-

DEPRECIATION

At 1 April 2025

17,504

Charge for year

2,474

Transfer to ownership

(19,978

)

At 31 March 2026

-

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

16,965

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

381,468

270,885

Other debtors

800

-

VAT

7,905

9,113

Prepayments

20,841

16,845

411,014

296,843

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts (see note 7)

-

5,016

Trade creditors

142,922

158,467

Tax

11,821

12,713

Social security and other taxes

16,937

12,315

Other creditors

40,573

36,517

Directors' current accounts

173,428

143,613

Accrued expenses

48,303

58,863

433,984

427,504

7.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.26

31.3.25

£

£

Gross obligations repayable:

Within one year

-

5,121

Finance charges repayable:

Within one year

-

105

Net obligations repayable:

Within one year

-

5,016

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

100

Ordinary

£1

100

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

In the year dividends in aggregate at £NIL (2025 £69,500) was paid to the directors after waivers were received. At 31 March 2026, the company owed the directors £173,428 (2025 £143,613) in undrawn sums and funds introduced by them to fund the company's operations.

10.	ULTIMATE CONTROLLING PARTY

The two directors are also the only shareholders and thus are considered to be joint controlling parties of the company.