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Registered Number: 03656916
England and Wales

 

 

 

AIRTECH COMMISSIONING LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
Directors AGF Dyson
MJ Beer
Registered Number 03656916
Registered Office Elliott House, Elliott Road
Selly Oak
Birmingham
West Midlands
B29 6LS
Accountants Matthew J Elmes & Co
11 Swan Street
Alcester
Warwickshire
B49 5DP
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 October 2023
Principal activities
Principal activity of the company during the financial year was of the testing and setting up of heating and cooling systems.
Directors
The directors who served the company throughout the year were as follows:
AGF Dyson
MJ Beer
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
AGF Dyson
Director

Date approved: 30 April 2024
2
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Airtech Commissioning Limited for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Airtech Commissioning Limited for the year ended 31 October 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Airtech Commissioning Limited , as a body, in accordance with the terms of our engagement letter dated 30 April 2024. Our work has been undertaken solely to prepare for your approval the accounts of Airtech Commissioning Limited and state those matters that we have agreed to state to the Board of Directors of Airtech Commissioning Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Airtech Commissioning Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Airtech Commissioning Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Airtech Commissioning Limited . You consider that Airtech Commissioning Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Airtech Commissioning Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 October 2023



....................................................
Matthew J Elmes & Co
11 Swan Street
Alcester
Warwickshire
B49 5DP
30 April 2024
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 37,010    28,389 
37,010    28,389 
Current assets      
Debtors 4 497,767    243,739 
Cash at bank and in hand 175,547    103,244 
673,314    346,983 
Creditors: amount falling due within one year 5 (347,455)   (88,650)
Net current assets 325,859    258,333 
 
Total assets less current liabilities 362,869    286,722 
Creditors: amount falling due after more than one year 6 (9,888)   (2,758)
Provisions for liabilities 7 (6,438)   (5,353)
Net assets 346,543    278,611 
 

Capital and reserves
     
Called up share capital 200    200 
Profit and loss account 346,343    278,411 
Shareholder's funds 346,543    278,611 
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 30 April 2024 and were signed on its behalf by:


-------------------------------
AGF Dyson
Director
4
General Information
Airtech Commissioning Limited is a private company, limited by shares, registered in England and Wales, registration number 03656916, registration address Elliott House, Elliott Road, Selly Oak, Birmingham, West Midlands, B29 6LS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 15% Straight Line
Fixtures and Fittings 15% Straight Line
Computer Equipment 25% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 9 (2022 : 9).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 November 2022 16,087    29,648    16,972    62,707 
Additions 22,659    628    363    23,650 
Disposals     (8,074)   (8,074)
At 31 October 2023 38,746    30,276    9,261    78,283 
Depreciation
At 01 November 2022 5,831    17,916    10,569    34,316 
Charge for year 5,812    4,372    3,387    13,571 
On disposals     (6,614)   (6,614)
At 31 October 2023 11,643    22,288    7,342    41,273 
Net book values
Closing balance as at 31 October 2023 27,103    7,988    1,919    37,010 
Opening balance as at 01 November 2022 10,255    11,731    6,403    28,389 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 267,392    220,546 
Prepayments & Accrued Income 10,899    5,234 
Other Debtors 166,607    17,959 
VAT 52,869   
497,767    243,739 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 264,442    66,412 
Corporation Tax 26,672   
PAYE & Social Security 15,010    11,689 
Accrued Expenses 6,765    1,483 
Other Creditors 27,061    5,756 
Hire Purchase Creditor (short-term) 7,505    3,310 
347,455    88,650 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Hire Purchase Creditor (long-term) 9,888    2,758 
9,888    2,758 

7.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 6,438    5,353 
6,438    5,353 

8.

Finance lease and hire purchase charges

The company had the following future minimum lease payments due under hire purchase rentals for the following periods:



Falling due 2023
£
 2022
£
within one year7,505 3,310 
between one to five years9,888 2,758 
17,393 6,068 



9.

Operating lease rentals

The company had the following future minimum lease payments due under operating lease rentals for the following periods:


Falling due   2023
£
  2022
£
within one year 26,222  19,522 
between one to five years 23,524  8,749 
49,746  28,271 

10.

Related Party Transactions

The company is jointly controlled by its directors by way of their shareholdings.

During the year, the company sold and purchased services amounting to £13,266 (2022: £20,065) and £34,003 (2022: £22,115) respectively, to and from AirTech Controls Limited.  AirTech Controls Limited is a related company by virtue of MJ Beer being a common director of both companies.  As at 31 October 2023, the amount due to AirTech Controls Limited in trade creditors was £11,539 (2022: £3,137).

During the year, the company purchased services amounting to £11,128 (2022: £5,880) from AirTech Optimise Limited.  AirTech Optimise Limited is a related company by virtue of MJ Beer and AGF Dyson being common directors of both companies.

Dividends totaling £44,004 have been paid during the year (2022: £44,004) to AGF Dyson, director and shareholder of AirTech Commissioning Limited.
11.

Pension Contributions

The Company operates a defined contribution pension scheme for its employees.  The assets of the scheme are held separately from those of the Company, in an independently administered fund.
5