Air Temp Solutions Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09485530 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Air Temp Solutions Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

233,921

240,565

CURRENT ASSETS

Stocks

15,000

10,000

Debtors

1,215,440

928,402

Cash at bank

570,895

189,688

1,801,335

1,128,090

CREDITORS

Amounts falling due within one year

1,513,887

884,970

NET CURRENT ASSETS

287,448

243,120

TOTAL ASSETS LESS CURRENT LIABILITIES

521,369

483,685

CREDITORS

Amounts falling due after more than one year

199,624

192,030

NET ASSETS

321,745

291,655

CAPITAL AND RESERVES

Called up share capital

5

103

102

Retained earnings

321,642

291,553

SHAREHOLDERS' FUNDS

321,745

291,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2022 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 1 November 2022 and were signed on its behalf by:

Mr P B Sainty - Director

Mr D J Fletcher - Director

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.

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 35 (2021 - 32 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

428,189

Additions

72,589

At 31 March 2022

500,778

DEPRECIATION

At 1 April 2021

187,624

Charge for year

79,233

At 31 March 2022

266,857

NET BOOK VALUE

At 31 March 2022

233,921

At 31 March 2021

240,565

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

Totals

£

COST

At 1 April 2021

346,900

Additions

70,517

At 31 March 2022

417,417

DEPRECIATION

At 1 April 2021

154,439

Charge for year

69,409

At 31 March 2022

223,848

NET BOOK VALUE

At 31 March 2022

193,569

At 31 March 2021

192,461

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/22

31/3/21

value:

£

£

100

Ordinary

£1

100

100

1

Ordinary A

£1

1

1

2

Ordinary B

£1

2

1

(31/3/21 - 1 )

103

102

The following shares were issued during the year for cash at par :

1 Ordinary B share of £1

6.	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.