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REGISTERED NUMBER: 02923717 (England and Wales)
















Unaudited Financial Statements for the Year Ended 27 September 2023

for

Compressortech Limited

Compressortech Limited (Registered number: 02923717)






Contents of the Financial Statements
for the Year Ended 27 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Compressortech Limited

Company Information
for the Year Ended 27 September 2023







DIRECTORS: J P McClean
Ovm Consulting Ltd





REGISTERED OFFICE: Budbrooke Point No 3
Budbrooke Industrial Estate
Budbrooke Road
WARWICK
CV34 5XH





REGISTERED NUMBER: 02923717 (England and Wales)





ACCOUNTANTS: Boyds Accountants
Britannia Court
5 Moor Street
Worcester
Worcestershire
WR1 3DB

Compressortech Limited (Registered number: 02923717)

Balance Sheet
27 September 2023

27.9.23 27.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 41,316

CURRENT ASSETS
Stocks 54,000 270,355
Debtors 5 303,088 803,625
357,088 1,073,980
CREDITORS
Amounts falling due within one year 6 459,472 951,148
NET CURRENT (LIABILITIES)/ASSETS (102,384 ) 122,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

(102,384

)

164,148

CREDITORS
Amounts falling due after more than one
year

7

35,000

55,000
NET (LIABILITIES)/ASSETS (137,384 ) 109,148

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (137,386 ) 109,146
SHAREHOLDERS' FUNDS (137,384 ) 109,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 September 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.

Compressortech Limited (Registered number: 02923717)

Balance Sheet - continued
27 September 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 6 September 2024 and were signed on its behalf by:





J P McClean - Director


Compressortech Limited (Registered number: 02923717)

Notes to the Financial Statements
for the Year Ended 27 September 2023

1. STATUTORY INFORMATION

Compressortech 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33 % 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 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 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 11 (2022 - 12 ) .

Compressortech Limited (Registered number: 02923717)

Notes to the Financial Statements - continued
for the Year Ended 27 September 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 28 September 2022 275,057 78,793 70,635 424,485
Additions 15,651 - - 15,651
Disposals (290,708 ) (78,793 ) (70,635 ) (440,136 )
At 27 September 2023 - - - -
DEPRECIATION
At 28 September 2022 256,704 55,830 70,635 383,169
Charge for year 8,769 5,704 - 14,473
Eliminated on disposal (265,473 ) (61,534 ) (70,635 ) (397,642 )
At 27 September 2023 - - - -
NET BOOK VALUE
At 27 September 2023 - - - -
At 27 September 2022 18,353 22,963 - 41,316

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.9.23 27.9.22
£    £   
Trade debtors 275,342 421,546
Other debtors 27,746 382,079
303,088 803,625

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.9.23 27.9.22
£    £   
Loans and overdrafts 75,024 407,226
Trade creditors 250,664 473,409
Taxation and social security 80,140 50,452
Other creditors 53,644 20,061
459,472 951,148

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
27.9.23 27.9.22
£    £   
Bank loans 35,000 55,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 27.9.23 27.9.22
value: £    £   
2 Ordinary 1 2 2

Compressortech Limited (Registered number: 02923717)

Notes to the Financial Statements - continued
for the Year Ended 27 September 2023

9. ULTIMATE CONTROLLING PARTY

The controlling party is J P McClean.