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REGISTERED NUMBER: 08147999 (England and Wales)













REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

COMPLIANCE (AIR & WATER) LIMITED

COMPLIANCE (AIR & WATER) LIMITED (REGISTERED NUMBER: 08147999)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


COMPLIANCE (AIR & WATER) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: P V Downing





REGISTERED OFFICE: Freehold House 7 Freehold Road
Birstall
Leicester
LE4 4AL





REGISTERED NUMBER: 08147999 (England and Wales)





ACCOUNTANTS: J Raftery Accountancy
16 Brookes Avenue
Croft
Leicester
Leicestershire
LE9 3GJ

COMPLIANCE (AIR & WATER) LIMITED (REGISTERED NUMBER: 08147999)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 JULY 2023

The director presents his report with the financial statements of the Company for the year ended 31 July 2023.

PRINCIPAL ACTIVITY
The principal activity of the Company in the year under review was that of consultancy

DIRECTOR
P V Downing held office during the whole of the period from 1 August 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P V Downing - Director


8 November 2023

COMPLIANCE (AIR & WATER) LIMITED (REGISTERED NUMBER: 08147999)

INCOME STATEMENT
FOR THE YEAR ENDED 31 JULY 2023

2023 2022
Notes £    £   

TURNOVER 44,334 39,960

Cost of sales 613 1,486
GROSS PROFIT 43,721 38,474

Administrative expenses 36,146 25,265
OPERATING PROFIT 7,575 13,209


Interest payable and similar expenses - 34
PROFIT BEFORE TAXATION 7,575 13,175

Tax on profit 1,456 2,569
PROFIT FOR THE FINANCIAL YEAR 6,119 10,606

COMPLIANCE (AIR & WATER) LIMITED (REGISTERED NUMBER: 08147999)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 6 3,593 7,084
Cash at bank 24,934 31,154
28,527 38,238
CREDITORS
Amounts falling due within one year 7 6,619 7,449
NET CURRENT ASSETS 21,908 30,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,908

30,789

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 21,808 30,689
SHAREHOLDERS' FUNDS 21,908 30,789

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:





P V Downing - Director


COMPLIANCE (AIR & WATER) LIMITED (REGISTERED NUMBER: 08147999)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Compliance (Air & Water) 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.
Fixtures and fittings - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. DIVIDENDS
2023 2022
£    £   
ORDINARY shares of £1 each
Interim 15,000 6,500

COMPLIANCE (AIR & WATER) LIMITED (REGISTERED NUMBER: 08147999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2022
and 31 July 2023 3,063
DEPRECIATION
At 1 August 2022
and 31 July 2023 3,063
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,041 6,538
Prepayments and accrued income 552 546
3,593 7,084

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,676 2,188
Tax 1,485 2,569
Social security and other taxes (134 ) -
VAT 1,616 1,599
Directors' current accounts 976 343
Accrued expenses - 750
6,619 7,449

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 ORDINARY £1 100 100

9. RELATED PARTY DISCLOSURES

As at 31 July 2023 an amount of £976 (2022 £343)is owed from the company to the director. This amount is shown under creditors in the balance sheet.

10. ULTIMATE CONTROLLING PARTY

The controlling party is P V Downing.