| Atmospheres Air Conditioning Services Ltd |
| Registered number: |
04051770 |
| Balance Sheet |
| as at 31 October 2021 |
|
| Notes |
|
|
2021 |
|
|
2020 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
3,895 |
|
|
3,895 |
|
| Current assets |
| Stocks |
|
|
5,000 |
|
|
5,000 |
| Debtors |
4 |
|
146,588 |
|
|
172,131 |
| Cash at bank and in hand |
|
|
306,362 |
|
|
277,395 |
|
|
|
457,950 |
|
|
454,526 |
|
| Creditors: amounts falling due within one year |
5 |
|
(340,355) |
|
|
(358,054) |
|
| Net current assets |
|
|
|
117,595 |
|
|
96,472 |
|
| Net assets |
|
|
|
121,490 |
|
|
100,367 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
121,390 |
|
|
100,267 |
|
| Shareholder's funds |
|
|
|
121,490 |
|
|
100,367 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Matthew Brown |
| Director |
| Approved by the board on 31 May 2022 |
|
| Atmospheres Air Conditioning Services Ltd |
| Notes to the Accounts |
| for the year ended 31 October 2021 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings, tools and equipment |
0% per annum |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2021 |
|
2020 |
| Number |
Number |
|
|
Average number of persons employed by the company |
7 |
|
7 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 November 2020 |
6,036 |
|
500 |
|
6,536 |
|
At 31 October 2021 |
6,036 |
|
500 |
|
6,536 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2020 |
2,641 |
|
- |
|
2,641 |
|
At 31 October 2021 |
2,641 |
|
- |
|
2,641 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2021 |
3,395 |
|
500 |
|
3,895 |
|
At 31 October 2020 |
3,395 |
|
500 |
|
3,895 |
|
|
| 4 |
Debtors |
2021 |
|
2020 |
| £ |
£ |
|
|
Trade debtors |
130,502 |
|
172,131 |
|
Taxation and social security costs |
|
13,421 |
|
- |
|
Prepayments |
2,665 |
|
- |
|
|
|
|
|
|
146,588 |
|
172,131 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Accruals |
2,517 |
|
3,129 |
|
Bank loans and overdrafts |
96,500 |
|
116,667 |
|
Pensions |
131,800 |
|
51,800 |
|
Trade creditors |
82,479 |
|
141,538 |
|
Directors' loan account |
|
9,118 |
|
19,582 |
|
Taxation and social security costs |
17,941 |
|
25,338 |
|
|
|
|
|
|
340,355 |
|
358,054 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Pension commitments |
|
|
Directors contributing their pension allowance in the period. |
|
|
| 7 |
Related party transactions |
|
|
At the balance sheet date the company owed the parent company Atmospheres UK Ltd £131,800 (2020: £ 51,800) |
|
|
| 8 |
Other information |
|
|
Atmospheres Air Conditioning Services Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
8 Southampton Road |
|
Ringwood |
|
Hampshire |
|
BH24 1HY |
