P.C.S. Air Conditioning Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05696805 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

P.C.S. Air Conditioning Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S A Sullivan

P C Sullivan

SECRETARY:

Mrs S A Sullivan

REGISTERED OFFICE:

Dayan House

818 Whitchurch Lane

Whitchurch

Bristol

BS14 0JP

REGISTERED NUMBER:

05696805 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

9,928

10,899

9,928

10,899

CURRENT ASSETS

Debtors

6

35,650

46,577

Cash at bank

537,180

499,644

572,830

546,221

CREDITORS

Amounts falling due within one year

7

69,486

59,498

NET CURRENT ASSETS

503,344

486,723

TOTAL ASSETS LESS CURRENT LIABILITIES

513,272

497,622

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

513,270

497,620

SHAREHOLDERS' FUNDS

513,272

497,622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 27 December 2023 and were signed on its behalf by:

P C Sullivan - Director

1.	STATUTORY INFORMATION

P.C.S. Air Conditioning 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

25,000

AMORTISATION

At 1 April 2022

and 31 March 2023

25,000

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2022

2,339

42,387

16,675

61,401

Additions

-

-

2,339

2,339

At 31 March 2023

2,339

42,387

19,014

63,740

DEPRECIATION

At 1 April 2022

2,005

34,843

13,654

50,502

Charge for year

84

1,886

1,340

3,310

At 31 March 2023

2,089

36,729

14,994

53,812

NET BOOK VALUE

At 31 March 2023

250

5,658

4,020

9,928

At 31 March 2022

334

7,544

3,021

10,899

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

25,650

46,577

Other debtors

10,000

-

35,650

46,577

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

25,632

19,417

Taxation and social security

23,762

31,091

Other creditors

20,092

8,990

69,486

59,498