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REGISTERED NUMBER: 00836769 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

CANDAIR ENGINEERING COMPANY LIMITED

CANDAIR ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 00836769)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CANDAIR ENGINEERING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: L J Harkinson
S G Harkinson
J B Harkinson



SECRETARY: S G Harkinson



REGISTERED OFFICE: Unit 18G
Newton Moor Industrial Estate
Lodge Street
Hyde
Cheshire
SK14 4LD



REGISTERED NUMBER: 00836769 (England and Wales)



ACCOUNTANTS: Percy Westhead & Company
Chartered Accountants
Hanover House
30-32 Charlotte Street
Manchester
M1 4FD



BANKERS: National Westminster Bank plc.
Hyde Branch
Market Place
Hyde
Cheshire
SK14 2LY

CANDAIR ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 00836769)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,477 64,447

CURRENT ASSETS
Stocks 14,582 34,171
Debtors 5 66,513 226,648
Cash at bank 163,163 98,982
244,258 359,801
CREDITORS
Amounts falling due within one year 6 28,968 49,058
NET CURRENT ASSETS 215,290 310,743
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,767

375,190

PROVISIONS FOR LIABILITIES 9,781 12,239
NET ASSETS 256,986 362,951

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 206,986 312,951
SHAREHOLDERS' FUNDS 256,986 362,951

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

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

CANDAIR ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 00836769)

BALANCE SHEET - continued
31ST 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 14th November 2023 and were signed on its behalf by:





S G Harkinson - Director


CANDAIR ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 00836769)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Candair Engineering Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are delivered to the customer.

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 - 15% on reducing balance
Fixtures and fittings - 25% on cost and 10% on reducing balance
Motor vehicles - 25% 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.

Pension costs and other post-retirement benefits
The company operates money purchase schemes together with a small self administered pension scheme. Contributions attributable to the year are charged to the Income Statement.

CANDAIR ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 00836769)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st April 2022 261,723 13,432 6,535 281,690
Disposals - - (6,535 ) (6,535 )
At 31st March 2023 261,723 13,432 - 275,155
DEPRECIATION
At 1st April 2022 201,943 12,032 3,268 217,243
Charge for year 8,969 734 - 9,703
Eliminated on disposal - - (3,268 ) (3,268 )
At 31st March 2023 210,912 12,766 - 223,678
NET BOOK VALUE
At 31st March 2023 50,811 666 - 51,477
At 31st March 2022 59,780 1,400 3,267 64,447

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 47,870 97,945
Other debtors 18,230 128,336
Prepayments and accrued income 413 367
66,513 226,648

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,470 17,843
Social security and other taxes 5,911 5,517
VAT 11,077 22,149
Other creditors - 189
Accrued expenses 3,510 3,360
28,968 49,058

7. POST BALANCE SHEET EVENTS

The company ceased trading on 16th June 2023.