Registered number
04394596
Aircare (Corby) Limited
Filleted Accounts
31 March 2025
Aircare (Corby) Limited
Registered number: 04394596
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 26,590 32,934
Current assets
Stocks 17,400 21,000
Debtors 4 210,337 75,989
Cash at bank and in hand 159,824 302,165
387,561 399,154
Creditors: amounts falling due within one year 5 (103,480) (129,212)
Net current assets 284,081 269,942
Total assets less current liabilities 310,671 302,876
Provisions for liabilities (6,647) (8,234)
Net assets 304,024 294,642
Capital and reserves
Called up share capital 60 60
Profit and loss account 303,964 294,582
Shareholders' funds 304,024 294,642
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.
Mrs W J Hayward
Director
Approved by the board on 26 May 2025
Aircare (Corby) 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.
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:
Machinery and equipment 20% reducing balance
Motor vehicles 25% reducing balance
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.
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 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 25,795 44,243 70,038
Additions 1,396 - 1,396
At 31 March 2025 27,191 44,243 71,434
Depreciation
At 1 April 2024 10,349 26,755 37,104
Charge for the year 3,368 4,372 7,740
At 31 March 2025 13,717 31,127 44,844
Net book value
At 31 March 2025 13,474 13,116 26,590
At 31 March 2024 15,446 17,488 32,934
4 Debtors 2025 2024
£ £
Trade debtors 67,938 75,524
Amounts owed by group undertakings and undertakings in which the company has a participating interest 140,000 -
Other debtors 2,399 465
210,337 75,989
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 47,260 57,093
Amounts owed to group undertakings and undertakings in which the company has a participating interest 30,000 40,000
Director's loan 6,000 8,000
Taxation and social security costs 16,749 23,219
Other creditors 3,471 900
103,480 129,212
6 Related party transactions
Aircare Compressor Services Limited
Company which owns 83% of the shares in Aircare (Corby) Limited and has director in common.
Sales made during the year 7,402 9,817
Purchases made during the year 101,416 77,380
Sales ledger balance due from the related party 1,836 1,819
Purchase ledger balance due to the related party 14,192 13,137
Dividends payable to related party 30,000 40,000
Amounts due to the related party 30,000 40,000
7 Controlling party
The company's controlling party is Aircare Compressor Services Limited.
8 Other information
Aircare (Corby) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Glebe House
Crucible Road
Corby
Northants
NN17 5TS
Aircare (Corby) Limited 04394596 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2024 Mrs W J Hayward No description of principal activity 04394596 2023-04-01 2024-03-31 04394596 core:WithinOneYear 2024-03-31 04394596 core:ShareCapital 2024-03-31 04394596 core:RetainedEarningsAccumulatedLosses 2024-03-31 04394596 2024-04-01 2025-03-31 04394596 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04394596 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04394596 bus:Director40 2024-04-01 2025-03-31 04394596 1 2024-04-01 2025-03-31 04394596 2 2024-04-01 2025-03-31 04394596 core:PlantMachinery 2024-04-01 2025-03-31 04394596 core:Vehicles 2024-04-01 2025-03-31 04394596 countries:England 2024-04-01 2025-03-31 04394596 bus:FRS102 2024-04-01 2025-03-31 04394596 bus:FilletedAccounts 2024-04-01 2025-03-31 04394596 2025-03-31 04394596 core:WithinOneYear 2025-03-31 04394596 core:ShareCapital 2025-03-31 04394596 core:RetainedEarningsAccumulatedLosses 2025-03-31 04394596 core:PlantMachinery 2025-03-31 04394596 core:Vehicles 2025-03-31 04394596 2024-03-31 04394596 core:PlantMachinery 2024-03-31 04394596 core:Vehicles 2024-03-31 iso4217:GBP xbrli:pure