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REGISTERED NUMBER: 03527775 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CAPTIVAIR PNEUMATICS LIMITED

CAPTIVAIR PNEUMATICS LIMITED (REGISTERED NUMBER: 03527775)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CAPTIVAIR PNEUMATICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: N E Jeffs





REGISTERED OFFICE: Unit B2
West Mill
Imperial Business Park
Gravesend
Kent
DA11 0DL





REGISTERED NUMBER: 03527775 (England and Wales)





ACCOUNTANTS: Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ

CAPTIVAIR PNEUMATICS LIMITED (REGISTERED NUMBER: 03527775)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,377 35,223

CURRENT ASSETS
Stocks 9,600 9,600
Debtors 5 173,914 124,440
Cash at bank and in hand 223,043 177,581
406,557 311,621
CREDITORS
Amounts falling due within one year 6 191,210 121,910
NET CURRENT ASSETS 215,347 189,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

283,724

224,934

CREDITORS
Amounts falling due after more than one
year

7

(19,521

)

(9,008

)

PROVISIONS FOR LIABILITIES (9,718 ) (3,453 )
NET ASSETS 254,485 212,473

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 254,385 212,373
SHAREHOLDERS' FUNDS 254,485 212,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 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 director and authorised for issue on 22 August 2024 and were signed by:



N E Jeffs - Director


CAPTIVAIR PNEUMATICS LIMITED (REGISTERED NUMBER: 03527775)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Captivair Pneumatics 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.
Land and buildings - Amortised over period of lease
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and expected selling price less costs to complete and sell. In determining the cost of goods purchased for resale, the average cost price is used.

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.

Hire purchase and leasing commitments
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a ‘finance lease’. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated over its estimated useful life or the term of the lease, whichever is shorter. Future instalments under such leases, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account, and the capital element which reduces the outstanding obligation for future instalments.

All other leases are accounted for as ‘operating leases’ and the rental charges are charged to the profit and loss account on a straight line basis over the life 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 .Differences between contributions payable and actually paid in the year are shown as either accruals or prepayments at the year end.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

CAPTIVAIR PNEUMATICS LIMITED (REGISTERED NUMBER: 03527775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 5,255 93,207 98,462
Additions - 74,399 74,399
Disposals - (50,841 ) (50,841 )
At 31 March 2024 5,255 116,765 122,020
DEPRECIATION
At 1 April 2023 4,872 58,367 63,239
Charge for year - 21,701 21,701
Eliminated on disposal - (31,297 ) (31,297 )
At 31 March 2024 4,872 48,771 53,643
NET BOOK VALUE
At 31 March 2024 383 67,994 68,377
At 31 March 2023 383 34,840 35,223

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 170,534 122,533
Other debtors 3,380 1,907
173,914 124,440

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 2,238
Hire purchase contracts (see note 8) 4,020 3,915
Trade creditors 152,264 88,793
Taxation and social security 30,575 22,225
Other creditors 4,351 4,739
191,210 121,910

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 5,846
Hire purchase contracts (see note 8) 19,521 3,162
19,521 9,008

CAPTIVAIR PNEUMATICS LIMITED (REGISTERED NUMBER: 03527775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 4,020 3,915
Between one and five years 19,521 3,162
23,541 7,077

OPERATING LEASES

The company had operating lease commitments of £76,888 at 31st March 2024 (2023: £17,276).

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 23,541 7,077

Hire purchase liabilities are secured on the assets concerned.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
80 Ordinary 'A' £1 80 80
20 Ordinary 'B' £1 20 20
100 100