Registered number
02648531
Aircare Compressor Services Limited
Filleted Accounts
31 March 2025
Aircare Compressor Services Limited
Registered number: 02648531
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 291,445 261,866
Investments 4 150 150
291,595 262,016
Current assets
Stocks 147,100 74,050
Debtors 5 943,667 1,019,529
Cash at bank and in hand 2,768,828 2,326,523
3,859,595 3,420,102
Creditors: amounts falling due within one year 6 (873,900) (737,148)
Net current assets 2,985,695 2,682,954
Total assets less current liabilities 3,277,290 2,944,970
Provisions for liabilities (17,235) (11,863)
Net assets 3,260,055 2,933,107
Capital and reserves
Called up share capital 6 6
Profit and loss account 3,260,049 2,933,101
Shareholder's funds 3,260,055 2,933,107
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 member has 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.
Mrs W J Hayward
Director
Approved by the board on 26 May 2025
Aircare Compressor Services Limited
Notes to the Accounts
for the year ended 31 March 2025
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Tools and equipment 20% reducing balance
Motor vehicles 25% reducing balance
Land and buildings 2% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 21 20
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 275,479 101,437 66,169 443,085
Additions 35,000 17,637 - 52,637
At 31 March 2025 310,479 119,074 66,169 495,722
Depreciation
At 1 April 2024 83,435 52,113 45,671 181,219
Charge for the year 4,541 13,392 5,125 23,058
At 31 March 2025 87,976 65,505 50,796 204,277
Net book value
At 31 March 2025 222,503 53,569 15,373 291,445
At 31 March 2024 192,044 49,324 20,498 261,866
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2024 150
At 31 March 2025 150
5 Debtors 2025 2024
£ £
Trade debtors 499,936 501,819
Amounts owed by group undertakings and undertakings in which the company has a participating interest 30,000 40,000
Director's loan 293,000 293,000
Other debtors 120,731 184,710
943,667 1,019,529
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 342,547 497,324
Amounts owed to group undertakings and undertakings in which the company has a participating interest 140,000 -
Director's loan - 3,023
Taxation and social security costs 153,405 194,738
Other creditors 237,948 42,063
873,900 737,148
7 Related party transactions
Aircare (Corby) Limited
Company in which Aircare Compressor Services Limited owns 83% of the shares and in which Mrs W Hayward is a director.
Sales made during the year 101,416 77,380
Purchases made during the year 7,402 9,817
Ledger balance due to the related party 1,836 1,819
Ledger balance due from the related party 14,192 13,137
Dividends receivable from related party 30,000 40,000
Amounts due from related party 30,000 40,000
8 Controlling party
The company's controlling party was the director Mrs W J Hayward, owning all of the issued share capital.
9 Other information
Aircare Compressor Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Glebe House
Crucible Road
Corby
Northamptonshire
NN17 5TS
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