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REGISTERED NUMBER: 06401666 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Compcare Compressed Air Ltd

Compcare Compressed Air Ltd (Registered number: 06401666)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Compcare Compressed Air Ltd

Company Information
for the Year Ended 31 December 2023







Directors: Mr V M B McGurk
Mr R Bowring





Registered office: Dakota House
Concord Business Park
Manchester
M22 0RR





Registered number: 06401666 (England and Wales)





Auditors: Allen Mills Howard & Co (Statutory Auditors)
Chartered Certified Accountants
Library Chambers
48 Union Street
Hyde
Cheshire
SK14 1ND

Compcare Compressed Air Ltd (Registered number: 06401666)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 71,542 97,803
71,542 97,803

Current assets
Stocks 36,679 64,098
Debtors 6 1,324,109 1,518,697
Cash at bank 308,124 554,412
1,668,912 2,137,207
Creditors
Amounts falling due within one year 7 697,169 325,279
Net current assets 971,743 1,811,928
Total assets less current liabilities 1,043,285 1,909,731

Provisions for liabilities 4,622 5,727
Net assets 1,038,663 1,904,004

Capital and reserves
Called up share capital 8 200 200
Retained earnings 1,038,463 1,903,804
Shareholders' funds 1,038,663 1,904,004

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2024 and were signed on its behalf by:





Mr V M B McGurk - Director


Compcare Compressed Air Ltd (Registered number: 06401666)

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

1. Statutory information

Compcare Compressed Air 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.

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 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 2007, is being amortised evenly over its estimated useful life of five 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.
Improvements to property - 20% on cost
Plant and machinery - between 5 and 8 years
Fixtures and fittings - between 3 and 6 years
Motor vehicles - 33% on cost
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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.


Compcare Compressed Air Ltd (Registered number: 06401666)

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

2. Accounting policies - continued
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.

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 12 (2022 - 12 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 January 2023
and 31 December 2023 20,000
Amortisation
At 1 January 2023
and 31 December 2023 20,000
Net book value
At 31 December 2023 -
At 31 December 2022 -

Compcare Compressed Air Ltd (Registered number: 06401666)

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

5. Tangible fixed assets
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
Cost
At 1 January 2023 17,899 447,122 12,248
Additions - 2,159 2,562
Disposals - (139,055 ) -
At 31 December 2023 17,899 310,226 14,810
Depreciation
At 1 January 2023 17,899 361,672 10,914
Charge for year - 22,555 921
Eliminated on disposal - (139,055 ) -
At 31 December 2023 17,899 245,172 11,835
Net book value
At 31 December 2023 - 65,054 2,975
At 31 December 2022 - 85,450 1,334

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 January 2023 64,459 10,906 552,634
Additions - - 4,721
Disposals (14,898 ) - (153,953 )
At 31 December 2023 49,561 10,906 403,402
Depreciation
At 1 January 2023 57,226 7,120 454,831
Charge for year 5,367 2,139 30,982
Eliminated on disposal (14,898 ) - (153,953 )
At 31 December 2023 47,695 9,259 331,860
Net book value
At 31 December 2023 1,866 1,647 71,542
At 31 December 2022 7,233 3,786 97,803

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 531,180 238,324
Other debtors 792,929 1,280,373
1,324,109 1,518,697

Compcare Compressed Air Ltd (Registered number: 06401666)

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

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 154,985 106,126
Taxation and social security 59,895 163,756
Other creditors 482,289 55,397
697,169 325,279

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary £1 200 200

9. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Mr David Andrew Savidge (Senior Statutory Auditor)
for and on behalf of Allen Mills Howard & Co (Statutory Auditors)

10. Ultimate controlling party

The immediate parent company is Rubix U.K. Limited (company registration number 00569290), a company incorporated in the United Kingdom

The immediate parent company of Rubix U.K. Limited is Rubix International Limited, with the results being consolidated into Rubix Limited, which is the smallest and largest company to prepare consolidated financial statements. The financial statements of Rubix Limited can be obtained at Accurist House, 44 Baker Street, London W1U 7AL.

The ultimate holding company is Al Robin (Cayman) Limited. The address of the registered office of Al Robin (Cayman) Limited is Maples Corporate Services Limited Ugland House, South Church Street George Town, Grand Cayman, KY1-1104 Cayman Islands. Advent International, LP incorporated in the State of Delaware and SEC registered, is the investment manager of circa 20 Advent GPE VIII funds which are individual limited partnerships domiciled in either Luxembourg, the Cayman Islands or the State of Delaware (together the "Funds"). The Funds have invested directly or indirectly in AI Robin (Cayman) Limited. No individual fund holds more than 25% interest in AI Robin (Cayman) Limited.