Air Temp Solutions Limited - Accounts to registrar (filleted) - small 18.2

Air Temp Solutions Limited - Accounts to registrar (filleted) - small 18.2

AIR TEMP SOLUTIONS LIMITED - Company Information

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REGISTERED NUMBER: 09485530 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2020

for

Air Temp Solutions Limited
Air Temp Solutions Limited (Registered number: 09485530)






Contents of the Financial Statements
for the Year Ended 31 March 2020




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Air Temp Solutions Limited

Company Information
for the Year Ended 31 March 2020







DIRECTORS: Mr D J Fletcher
Mr P B Sainty
Mrs H L Sainty



REGISTERED OFFICE: Unit 4 Manor Court
Henry Boot Way
Priory Park East
Hull
East Yorkshire
HU4 7DX



REGISTERED NUMBER: 09485530 (England and Wales)



ACCOUNTANTS: 360 Accountants Limited
18-19 Albion Street
Hull
East Yorkshire
HU1 3TG



BANKERS: HSBC Bank Plc
Merit House
Priory Park West
Saxon Way
Hessle
East Yorkshire
HU13 9PB
Page 1
Air Temp Solutions Limited (Registered number: 09485530)

Abridged Statement of Financial Position
31 March 2020

31/3/20 31/3/19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 192,122 208,402

CURRENT ASSETS
Stocks 1,250 22,374
Debtors 546,183 470,311
Cash at bank 100,552 185,642
647,985 678,327
CREDITORS
Amounts falling due within one year 546,137 546,091
NET CURRENT ASSETS 101,848 132,236
TOTAL ASSETS LESS CURRENT
LIABILITIES
293,970
340,638

CREDITORS
Amounts falling due after more than one
year
152,235
151,513
NET ASSETS 141,735 189,125

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 141,633 189,023
SHAREHOLDERS' FUNDS 141,735 189,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 notes form part of these financial statements

Page 2 continued...
Air Temp Solutions Limited (Registered number: 09485530)

Abridged Statement of Financial Position - continued
31 March 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 September 2020 and
were signed on its behalf by:




Mr P B Sainty - Director



Mr D J Fletcher - Director


The notes form part of these financial statements

Page 3
Air Temp Solutions Limited (Registered number: 09485530)

Notes to the Financial Statements
for the Year Ended 31 March 2020

1. STATUTORY INFORMATION

Air Temp Solutions 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.

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.
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

Page 4 continued...
Air Temp Solutions Limited (Registered number: 09485530)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

2. ACCOUNTING POLICIES - continued

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 33 (2019 - 21 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2019 278,869
Additions 38,814
At 31 March 2020 317,683
DEPRECIATION
At 1 April 2019 70,467
Charge for year 55,094
At 31 March 2020 125,561
NET BOOK VALUE
At 31 March 2020 192,122
At 31 March 2019 208,402

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

Totals
£   
COST
At 1 April 2019 212,713
Additions 35,052
At 31 March 2020 247,765
DEPRECIATION
At 1 April 2019 55,113
Charge for year 46,628
At 31 March 2020 101,741
NET BOOK VALUE
At 31 March 2020 146,024
At 31 March 2019 157,600

5. ULTIMATE CONTROLLING PARTY

In the opinion of the directors there is no ultimate controlling party.

Air Temp Solutions Ltd is a subsidiary of Air Temp Holdings Ltd, the ultimate parent company.

Page 5