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REGISTERED NUMBER: 01725555 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ENGINEERED AIR TREATMENT LIMITED

ENGINEERED AIR TREATMENT LIMITED (REGISTERED NUMBER: 01725555)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENGINEERED AIR TREATMENT LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: A Bishop
C Hornsby





SECRETARY: C Hornsby





REGISTERED OFFICE: Unit 2, Charnwood Edge Business Park
Syston Road
Cossington
Leicester
LE7 4UZ





REGISTERED NUMBER: 01725555 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2 Charnwood Edge Business Park
Syston Road, Leicester
LE7 4UZ
Magma Audit LLP is part
Of the Dains Group

ENGINEERED AIR TREATMENT LIMITED (REGISTERED NUMBER: 01725555)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 22,612 23,707
Investments 5 153,531 -
176,143 23,707

CURRENT ASSETS
Stocks 26,290 23,904
Debtors 6 943,228 704,251
Cash at bank and in hand 1,089,178 1,111,021
2,058,696 1,839,176
CREDITORS
Amounts falling due within one year 7 (1,066,994 ) (665,573 )
NET CURRENT ASSETS 991,702 1,173,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,167,845

1,197,310

PROVISIONS FOR LIABILITIES (5,650 ) (5,927 )
NET ASSETS 1,162,195 1,191,383

CAPITAL AND RESERVES
Called up share capital 200 200
Capital redemption reserve 25 25
Retained earnings 1,161,970 1,191,158
1,162,195 1,191,383

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

ENGINEERED AIR TREATMENT LIMITED (REGISTERED NUMBER: 01725555)

BALANCE SHEET - continued
30 April 2024


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 20 January 2025 and were signed on its behalf by:





C Hornsby - Director


ENGINEERED AIR TREATMENT LIMITED (REGISTERED NUMBER: 01725555)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024


1. STATUTORY INFORMATION

Engineered Air Treatment Limited is a private company, limited by shares, registered in England and Wales. Its registered office address is Unit 2, Charnwood Edge Business Park, Syston Road, Leicester, LE7 4UZ and the registered number is 01725555

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 represents amounts receivable for goods and services net of VAT and trade discounts. Income is recognised on an invoice basis upon the completion of work.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of any depreciation or impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery25% per annum on cost
Fixtures and fittings25% per annum on cost
Motor vehicles25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


ENGINEERED AIR TREATMENT LIMITED (REGISTERED NUMBER: 01725555)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments 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.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Grants
Grants are presented within deferred income on the Balance Sheet with recognition of income being in line with the annual depreciation charge of the associated capital asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 17 ) .

ENGINEERED AIR TREATMENT LIMITED (REGISTERED NUMBER: 01725555)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 199,698 34,187 18,071 251,956
Additions 9,200 888 - 10,088
At 30 April 2024 208,898 35,075 18,071 262,044
DEPRECIATION
At 1 May 2023 183,118 31,259 13,872 228,249
Charge for year 7,999 2,134 1,050 11,183
At 30 April 2024 191,117 33,393 14,922 239,432
NET BOOK VALUE
At 30 April 2024 17,781 1,682 3,149 22,612
At 30 April 2023 16,580 2,928 4,199 23,707

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 153,531
At 30 April 2024 153,531
NET BOOK VALUE
At 30 April 2024 153,531

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 920,984 693,633
Other debtors 280 175
Prepayments 21,964 10,443
943,228 704,251

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 394,486 185,085
Corporation tax 414,640 254,861
Social security and other taxes 4,718 5,763
VAT 138,839 72,564
Other creditors 66,682 102,386
Accruals and deferred income 47,629 44,914
1,066,994 665,573

8. LEASING AGREEMENTS
Operating lease commitments not included in the balance sheet amount to £463,921 (2023 - £189,575).