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REGISTERED NUMBER: 13661592 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 October 2024

for

CONTROL AIR LIMITED

CONTROL AIR LIMITED (REGISTERED NUMBER: 13661592)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CONTROL AIR LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: B Rayner
L Henderson





REGISTERED OFFICE: 17 Burdett Avenue
Shorne
Gravesend
Kent
DA12 3HP





REGISTERED NUMBER: 13661592 (England and Wales)





ACCOUNTANTS: Friend & Grant Ltd
Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW

CONTROL AIR LIMITED (REGISTERED NUMBER: 13661592)

Balance Sheet
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,331 31,180

CURRENT ASSETS
Stocks 5,508 5,076
Debtors 5 247,087 277,853
Cash at bank 196,311 35,164
448,906 318,093
CREDITORS
Amounts falling due within one year 6 131,621 118,675
NET CURRENT ASSETS 317,285 199,418
TOTAL ASSETS LESS CURRENT
LIABILITIES

457,616

230,598

CREDITORS
Amounts falling due after more than one
year

7

(113,465

)

-

PROVISIONS FOR LIABILITIES (32,555 ) (5,472 )
NET ASSETS 311,596 225,126

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 311,594 225,124
SHAREHOLDERS' FUNDS 311,596 225,126

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

CONTROL AIR LIMITED (REGISTERED NUMBER: 13661592)

Balance Sheet - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:




L Henderson - Director



B Rayner - Director


CONTROL AIR LIMITED (REGISTERED NUMBER: 13661592)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Control Air 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.

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 as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

The percentage of completion method is used to calculate the turnover recognised at the period end.

Turnover from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of turnover can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the entity;
- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and
- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.


CONTROL AIR LIMITED (REGISTERED NUMBER: 13661592)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued
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 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
Assets held under finance lease and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of the leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

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.

Employee benefits
The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

Financial instruments
Basic financial assets/liabilities including trade and other receivables/payables, cash and bank balances, are initially recognised at transaction price unless the arrangement constitutes a financing transaction (loan over period of time) where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Such assets/liabilities are subsequently carried at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

CONTROL AIR LIMITED (REGISTERED NUMBER: 13661592)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 4,553 36,558 4,051 45,162
Additions 5,417 155,808 1,746 162,971
Disposals - (9,800 ) - (9,800 )
At 31 October 2024 9,970 182,566 5,797 198,333
DEPRECIATION
At 1 November 2023 1,992 10,321 1,669 13,982
Charge for year 1,994 43,750 1,032 46,776
Eliminated on disposal - (2,756 ) - (2,756 )
At 31 October 2024 3,986 51,315 2,701 58,002
NET BOOK VALUE
At 31 October 2024 5,984 131,251 3,096 140,331
At 31 October 2023 2,561 26,237 2,382 31,180

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 142,292
At 31 October 2024 142,292
DEPRECIATION
Charge for year 35,573
At 31 October 2024 35,573
NET BOOK VALUE
At 31 October 2024 106,719

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 211,400 198,202
Other debtors 35,687 79,651
247,087 277,853

CONTROL AIR LIMITED (REGISTERED NUMBER: 13661592)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 25,613 -
Trade creditors 61,744 64,661
Taxation and social security 41,753 51,234
Other creditors 2,511 2,780
131,621 118,675

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 113,465 -

8. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £6,899 (2023: £7,918).

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
B Rayner
Balance outstanding at start of year (582 ) (5,789 )
Amounts advanced 699 11,210
Amounts repaid (467 ) (6,003 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (350 ) (582 )

L Henderson
Balance outstanding at start of year (582 ) (5,677 )
Amounts advanced 980 15,299
Amounts repaid (748 ) (10,204 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (350 ) (582 )

The loans to the company from the directors are unsecured, interest free and repayable on demand.