Registered number
SC728704
Algas Air Compressors & Maintenance Limited
Filleted Accounts
30 April 2024
Algas Air Compressors & Maintenance Limited
Registered number: SC728704
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 440 660
Current assets
Debtors 4 82,695 240,537
Cash at bank and in hand 25,833 40,893
108,528 281,430
Creditors: amounts falling due within one year 5 (46,782) (226,665)
Net current assets 61,746 54,765
Net assets 62,186 55,425
Capital and reserves
Called up share capital 100 100
Profit and loss account 62,086 55,325
Shareholders' funds 62,186 55,425
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B.McNicol
Director
Approved by the board on 14 January 2025
Algas Air Compressors & Maintenance Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 881
At 30 April 2024 881
Depreciation
At 1 May 2023 221
Charge for the year 220
At 30 April 2024 441
Net book value
At 30 April 2024 440
At 30 April 2023 660
4 Debtors 2024 2023
£ £
Trade debtors 25,343 80,533
Amounts owed by group undertakings and undertakings in which the company has a participating interest 57,352 146,995
VAT - 4,909
Other debtors - 8,100
82,695 240,537
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 38,179 141,632
Intercompany - Algas Medical Installations - 71,935
Taxation and social security costs 1,637 13,098
Other creditors 6,966 -
46,782 226,665
6 Other information
Algas Air Compressors & Maintenance Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 23 Birch Road
Broadmeadow Industrial Estate
Dumbarton
Scotland
G82 2RE
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