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REGISTERED NUMBER: 06487554 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Air Tools & Compressor Services 2000 Ltd

Air Tools & Compressor Services 2000 Ltd (Registered number: 06487554)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Chartered Accountant's Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Air Tools & Compressor Services 2000 Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr D Hill
Mr T L Harris





SECRETARY: Mr D Hill





REGISTERED OFFICE: UNITS 1 2 3
Waterloo Avenue Industrial Estate
Burhill Way
Birmingham
B37 6RF





REGISTERED NUMBER: 06487554 (England and Wales)





ACCOUNTANT: K L Whitehouse Associates Ltd
Chartered Management Accountants
23 Pilkington Avenue
Sutton Coldfield
West Midlands
B72 1LA

Chartered Accountant's Report to the Board of Directors
on the Unaudited Financial Statements of
Air Tools & Compressor Services 2000 Ltd (Registered number: 06487554)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Air Tools & Compressor Services 2000 Ltd for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Chartered Institute of Management Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of Air Tools & Compressor Services 2000 Ltd, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Air Tools & Compressor Services 2000 Ltd and state those matters that I have agreed to state to the Board of Directors of Air Tools & Compressor Services 2000 Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Air Tools & Compressor Services 2000 Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Air Tools & Compressor Services 2000 Ltd. You consider that Air Tools & Compressor Services 2000 Ltd is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Air Tools & Compressor Services 2000 Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






K L Whitehouse Associates Ltd
Chartered Management Accountants
23 Pilkington Avenue
Sutton Coldfield
West Midlands
B72 1LA


3 November 2023

Air Tools & Compressor Services 2000 Ltd (Registered number: 06487554)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,243 771
3,243 771

CURRENT ASSETS
Stocks - 30,765
Debtors 6 42,056 27,226
Cash at bank 36,383 -
78,439 57,991
CREDITORS
Amounts falling due within one year 7 42,723 58,221
NET CURRENT ASSETS/(LIABILITIES) 35,716 (230 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,959

541

PROVISIONS FOR LIABILITIES 730 91
NET ASSETS 38,229 450

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 38,227 448
SHAREHOLDERS' FUNDS 38,229 450

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.

Air Tools & Compressor Services 2000 Ltd (Registered number: 06487554)

Balance Sheet - continued
31 March 2023


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 2023 and were signed on its behalf by:





Mr D Hill - Director


Air Tools & Compressor Services 2000 Ltd (Registered number: 06487554)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Air Tools & Compressor Services 2000 Ltd 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 0, is being amortised evenly over its estimated useful life of nil 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 etc - 15% 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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Air Tools & Compressor Services 2000 Ltd (Registered number: 06487554)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

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 5 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 45,000
AMORTISATION
At 1 April 2022
and 31 March 2023 45,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 8,545
Additions 2,800
At 31 March 2023 11,345
DEPRECIATION
At 1 April 2022 7,774
Charge for year 328
At 31 March 2023 8,102
NET BOOK VALUE
At 31 March 2023 3,243
At 31 March 2022 771

6. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 42,056 24,386

Air Tools & Compressor Services 2000 Ltd (Registered number: 06487554)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS - continued
31.3.23 31.3.22
£    £   
Amounts falling due after more than one year:
Other debtors - 2,840

Aggregate amounts 42,056 27,226

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 13,597
Trade creditors 17,910 7,668
Amounts owed to associates 6,652 33,481
Taxation and social security 16,876 3,053
Other creditors 1,285 422
42,723 58,221