Company registration number 01586786 (England and Wales)
A.I.P Compressor Services Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 September 2024
PAGES FOR FILING WITH REGISTRAR
A.I.P Compressor Services Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
A.I.P Compressor Services Limited
Statement Of Financial Position
as at 30 September 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
291,566
220,106
Investments
4
14,650
16,900
306,216
237,006
Current assets
Stocks
79,100
82,900
Debtors
206,668
205,234
Cash at bank and in hand
290,645
381,798
576,413
669,932
Creditors: amounts falling due within one year
(249,676)
(285,385)
Net current assets
326,737
384,547
Total assets less current liabilities
632,953
621,553
Creditors: amounts falling due after more than one year
(63,511)
(89,213)
Provisions for liabilities
(53,922)
(49,841)
Net assets
515,520
482,499
Capital and reserves
Called up share capital
5,000
5,000
Share premium account
3,500
3,500
Profit and loss reserves
507,020
473,999
Total equity
515,520
482,499
A.I.P Compressor Services Limited
Statement Of Financial Position (continued)
as at 30 September 2024
30 September 2024
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 28 May 2025
A Williams
Director
Company Registration No. 01586786
A.I.P Compressor Services Limited
Notes to the financial statements
for the year ended 30 September 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Tangible fixed assets

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

Leasehold land and buildings
4% straight line
Plant and equipment
20% straight line
Fixtures and fittings
15% reducing balance
Motor vehicles
25% 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.

Fixed asset investments

Fixed asset investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

A.I.P Compressor Services Limited
Notes to the financial statements (continued)
for the year ended 30 September 2024
1
Accounting policies
(continued)
- 4 -
Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated, but not reversed, at the balance sheet date. Timing differences represent accumulated differences between the company’s taxable profit and its financial profit arise primarily from the differences between the accelerated capital allowances and depreciation.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases

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

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
9
9
A.I.P Compressor Services Limited
Notes to the financial statements (continued)
for the year ended 30 September 2024
- 5 -
3
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 October 2023
13,135
1,035,259
53,922
131,356
1,233,672
Additions
-
0
25,216
-
0
171,868
197,084
Disposals
-
0
-
0
-
0
(76,305)
(76,305)
At 30 September 2024
13,135
1,060,475
53,922
226,919
1,354,451
Depreciation and impairment
At 1 October 2023
13,135
893,747
53,922
52,762
1,013,566
Depreciation charged in the year
-
0
46,391
-
0
27,941
74,332
Eliminated in respect of disposals
-
0
-
0
-
0
(25,013)
(25,013)
At 30 September 2024
13,135
940,138
53,922
55,690
1,062,885
Carrying amount
At 30 September 2024
-
0
120,337
-
0
171,229
291,566
At 30 September 2023
-
0
141,512
-
0
78,594
220,106
A.I.P Compressor Services Limited
Notes to the financial statements (continued)
for the year ended 30 September 2024
- 6 -
4
Fixed asset investments
2024
2023
£
£
Other investments
14,650
16,900
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 October 2023
16,900
Disposals
(2,250)
At 30 September 2024
14,650
Carrying amount
At 30 September 2024
14,650
At 30 September 2023
16,900
5
Company information

A.I.P Compressor Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Logic Works, Dewsbury Road, Ossett, West Yorkshire, WF5 9QF.

2024-09-302023-10-01falsefalsefalse28 May 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityA WilliamsJ C Williams015867862023-10-012024-09-30015867862024-09-30015867862023-09-3001586786core:LandBuildingscore:LeasedAssetsHeldAsLessee2024-09-3001586786core:PlantMachinery2024-09-3001586786core:FurnitureFittings2024-09-3001586786core:MotorVehicles2024-09-3001586786core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-09-3001586786core:PlantMachinery2023-09-3001586786core:FurnitureFittings2023-09-3001586786core:MotorVehicles2023-09-3001586786core:CurrentFinancialInstrumentscore:WithinOneYear2024-09-3001586786core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-3001586786core:Non-currentFinancialInstrumentscore:AfterOneYear2024-09-3001586786core:Non-currentFinancialInstrumentscore:AfterOneYear2023-09-3001586786core:ShareCapital2024-09-3001586786core:ShareCapital2023-09-3001586786core:SharePremium2024-09-3001586786core:SharePremium2023-09-3001586786core:RetainedEarningsAccumulatedLosses2024-09-3001586786core:RetainedEarningsAccumulatedLosses2023-09-3001586786bus:Director12023-10-012024-09-3001586786core:LandBuildingscore:LongLeaseholdAssets2023-10-012024-09-3001586786core:PlantMachinery2023-10-012024-09-3001586786core:FurnitureFittings2023-10-012024-09-3001586786core:MotorVehicles2023-10-012024-09-30015867862022-10-012023-09-3001586786core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-09-3001586786core:PlantMachinery2023-09-3001586786core:FurnitureFittings2023-09-3001586786core:MotorVehicles2023-09-30015867862023-09-3001586786core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-10-012024-09-3001586786bus:PrivateLimitedCompanyLtd2023-10-012024-09-3001586786bus:SmallCompaniesRegimeForAccounts2023-10-012024-09-3001586786bus:FRS1022023-10-012024-09-3001586786bus:AuditExemptWithAccountantsReport2023-10-012024-09-3001586786bus:CompanySecretary12023-10-012024-09-3001586786bus:FullAccounts2023-10-012024-09-30xbrli:purexbrli:sharesiso4217:GBP