11 12 Clean Air Systems & Installations Limited 04584560 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is the designated installation of bespoke ventilation & extraction systems and installation of commercial kitchens Digita Accounts Production Advanced 6.30.9574.0 true 04584560 2023-12-01 2024-11-30 04584560 2024-11-30 04584560 bus:OrdinaryShareClass2 2024-11-30 04584560 bus:OrdinaryShareClass3 2024-11-30 04584560 bus:OrdinaryShareClass4 2024-11-30 04584560 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-11-30 04584560 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-11-30 04584560 core:CurrentFinancialInstruments 2024-11-30 04584560 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 04584560 core:Non-currentFinancialInstruments 2024-11-30 04584560 core:Non-currentFinancialInstruments core:AfterOneYear 2024-11-30 04584560 core:ConstructionInProgressAssetsUnderConstruction 2024-11-30 04584560 core:FurnitureFittingsToolsEquipment 2024-11-30 04584560 core:MotorVehicles 2024-11-30 04584560 core:OtherPropertyPlantEquipment 2024-11-30 04584560 core:PlantMachinery 2024-11-30 04584560 1 2024-11-30 04584560 bus:SmallEntities 2023-12-01 2024-11-30 04584560 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 04584560 bus:FilletedAccounts 2023-12-01 2024-11-30 04584560 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 04584560 bus:RegisteredOffice 2023-12-01 2024-11-30 04584560 bus:CompanySecretaryDirector1 2023-12-01 2024-11-30 04584560 bus:OrdinaryShareClass2 2023-12-01 2024-11-30 04584560 bus:OrdinaryShareClass3 2023-12-01 2024-11-30 04584560 bus:OrdinaryShareClass4 2023-12-01 2024-11-30 04584560 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04584560 bus:Agent1 2023-12-01 2024-11-30 04584560 core:ConstructionInProgressAssetsUnderConstruction 2023-12-01 2024-11-30 04584560 core:FurnitureFittings 2023-12-01 2024-11-30 04584560 core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 04584560 core:MotorVehicles 2023-12-01 2024-11-30 04584560 core:OfficeEquipment 2023-12-01 2024-11-30 04584560 core:OtherPropertyPlantEquipment 2023-12-01 2024-11-30 04584560 core:PlantMachinery 2023-12-01 2024-11-30 04584560 countries:AllCountries 2023-12-01 2024-11-30 04584560 1 2023-12-01 2024-11-30 04584560 2023-11-30 04584560 core:ConstructionInProgressAssetsUnderConstruction 2023-11-30 04584560 core:FurnitureFittingsToolsEquipment 2023-11-30 04584560 core:MotorVehicles 2023-11-30 04584560 core:OtherPropertyPlantEquipment 2023-11-30 04584560 1 2023-11-30 04584560 2022-12-01 2023-11-30 04584560 2023-11-30 04584560 bus:OrdinaryShareClass2 2023-11-30 04584560 bus:OrdinaryShareClass3 2023-11-30 04584560 bus:OrdinaryShareClass4 2023-11-30 04584560 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-11-30 04584560 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-11-30 04584560 core:CurrentFinancialInstruments 2023-11-30 04584560 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 04584560 core:Non-currentFinancialInstruments 2023-11-30 04584560 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 04584560 core:ConstructionInProgressAssetsUnderConstruction 2023-11-30 04584560 core:FurnitureFittingsToolsEquipment 2023-11-30 04584560 core:MotorVehicles 2023-11-30 04584560 core:OtherPropertyPlantEquipment 2023-11-30 04584560 core:PlantMachinery 2023-11-30 04584560 1 2023-11-30 04584560 1 2022-12-01 2023-11-30 04584560 1 2022-11-30 xbrli:pure iso4217:GBP xbrli:shares

Registrar

Registration number: 04584560

Clean Air Systems & Installations Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

Clean Air Systems & Installations Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 8

 

Clean Air Systems & Installations Limited

Company Information

Directors

R J Kett

Company secretary

R J Kett

Registered office

3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

Bankers

Lloyds Bank Plc
1 Legg Street
Chelmsford
Essex
CM1 1JS

Accountants

Lambert Chapman LLP
Chartered Accountants3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Clean Air Systems & Installations Limited

(Registration number: 04584560)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

106,990

54,446

Current assets

 

Stocks

5

31,000

28,300

Debtors

6

330,500

320,935

Cash at bank and in hand

 

130,468

50,453

 

491,968

399,688

Creditors: Amounts falling due within one year

7

(346,178)

(315,610)

Net current assets

 

145,790

84,078

Total assets less current liabilities

 

252,780

138,524

Creditors: Amounts falling due after more than one year

7

(71,181)

(54,360)

Provisions for liabilities

(16,752)

(13,611)

Net assets

 

164,847

70,553

Capital and reserves

 

Called up share capital

8

10

10

Revaluation reserve

21,912

26,692

Retained earnings

142,925

43,851

Shareholders' funds

 

164,847

70,553

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 February 2025
 

R J Kett
Company secretary and director

 

Clean Air Systems & Installations Limited

Notes to the Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB, England.

The principal place of business is: 14 Braintree Road, Cressing, Braintree, Essex, CM77 8JB.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for provision of installation and extraction of bespoke ventilation services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost or revaluation, less any subsequent accumulated depreciation.

 

Clean Air Systems & Installations Limited

Notes to the Financial Statements for the Year Ended 30 November 2024

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% Reducing balance & 20% Straight line

Office equipment

25% Straight line method

Fixtures and fittings

25% Reducing balance

Plant and machinery

25% Reducing balance & 10% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Included within Trade debtors are amounts recoverable on contracts and represent the proportion of work undertaken at the year end.

Stocks

Stocks held are raw materials and are stated at the lower of cost and estimated selling price. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

Clean Air Systems & Installations Limited

Notes to the Financial Statements for the Year Ended 30 November 2024

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 11 (2023 - 12).

4

Tangible assets

Fixtures and fittings
 £

Motor vehicles
 £

Office equipment
 £

Plant and machinery
 £

Total
£

Cost or valuation

At 1 December 2023

5,345

15,845

11,407

70,904

103,501

Additions

-

67,775

-

-

67,775

Disposals

-

(10,995)

-

-

(10,995)

At 30 November 2024

5,345

72,625

11,407

70,904

160,281

Depreciation

At 1 December 2023

4,812

11,838

9,634

22,771

49,055

Charge for the year

132

7,822

708

6,047

14,709

Eliminated on disposal

-

(10,473)

-

-

(10,473)

At 30 November 2024

4,944

9,187

10,342

28,818

53,291

Carrying amount

At 30 November 2024

401

63,438

1,065

42,086

106,990

At 30 November 2023

533

4,007

1,773

48,133

54,446

Revaluation

The fair value of the company's plant and machinery was revalued on 30 November 2021. An independent valuer was not involved as the directors carried out an internal valuation.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £1,227 (2023 - £4,479).

5

Stocks

2024
£

2023
£

Raw materials

31,000

28,300

 

Clean Air Systems & Installations Limited

Notes to the Financial Statements for the Year Ended 30 November 2024

6

Debtors

Note

2024
£

2023
£

Trade debtors

 

92,473

174,067

Directors loan

10

25,795

26,107

Prepayments

 

12,636

3,255

Amounts recoverable on long term contracts

 

131,073

22,500

Factored debtor

 

25,258

51,226

Other debtors

 

43,265

43,780

 

330,500

320,935

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

11

29,441

18,797

Trade creditors

 

165,643

108,139

Taxation and social security

 

72,210

65,816

Accruals and deferred income

 

15,294

24,416

Corporation tax

 

27,716

12,341

Other payables

 

3,400

3,194

Factor creditor

 

32,474

82,907

 

346,178

315,610


Creditors include loans which are secured of £19,440 (2023 - £8,797).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

11

71,181

54,360


Creditors include loans which are secured of £66,181 (2023 - £39,360).

 

Clean Air Systems & Installations Limited

Notes to the Financial Statements for the Year Ended 30 November 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A Shares of £1 each

6

6

6

6

Ordinary B Shares of £1 each

3

3

3

3

Ordinary C Shares of £1 each

1

1

1

1

10

10

10

10

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £24,500 (2023 - £64,750).

10

Related party transactions

Transactions with the director

2024

At 1 December 2023
£

Repayments by director
£

At 30 November 2024
£

Directors loan transactions

26,107

(312)

25,795

 

2023

At 1 December 2022
£

Advances to director
£

Repayments by director
£

At 30 November 2023
£

Directors loan transactions

26,533

4,000

(4,426)

26,107

 

Clean Air Systems & Installations Limited

Notes to the Financial Statements for the Year Ended 30 November 2024

 

11

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000

Hire purchase contracts

9,254

-

Other borrowings

10,187

8,797

29,441

18,797

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

5,000

15,000

Hire purchase contracts

37,007

-

Other borrowings

29,174

39,360

71,181

54,360