Company registration number 8714222 (England and Wales)
GAS & AIR SERVICES (UK) LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
11 De Grey Square
De Grey Road
Colchester
Essex
CO4 5YQ
GAS & AIR SERVICES (UK) LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 10
GAS & AIR SERVICES (UK) LIMITED
COMPANY INFORMATION
- 1 -
Director
Mr B Arnold
Company number
8714222
Registered office
Unit 31
Craycombe Farm
Fladbury
Pershore
Worcs
WR10 2QS
Auditor
TC Group
11 De Grey Square
De Grey Road
Colchester
Essex
CO4 5YQ
GAS & AIR SERVICES (UK) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
31 December 2024
29 February 2024
(Unaudited)
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
5,000
Tangible assets
4
63,468
36,181
63,468
41,181
Current assets
Stocks
71,392
72,195
Debtors
5
229,925
251,401
Cash at bank and in hand
154,757
34,209
456,074
357,805
Creditors: amounts falling due within one year
6
(301,608)
(69,770)
Net current assets
154,466
288,035
Total assets less current liabilities
217,934
329,216
Provisions for liabilities
(15,867)
(8,968)
Net assets
202,067
320,248
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
201,967
320,148
Total equity
202,067
320,248
GAS & AIR SERVICES (UK) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 3 -

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 11 June 2025
Mr B Arnold
Director
Company registration number 8714222 (England and Wales)
GAS & AIR SERVICES (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 4 -
1
Accounting policies
Company information

Gas & Air Services (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 31, Craycombe Farm, Fladbury, Pershore, Worcs, WR10 2QS.

1.1
Reporting period

The financial statements have been prepared on a shortened 10 month period to 31 December 2024, which coincides with the parent year end. Therefore, the amounts presented in the financial statements are not entirely comparable to the comparative period of 11 months to 29 February 2024.

1.2
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 have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

1.3
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.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

 

GAS & AIR SERVICES (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.5
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:

Plant and equipment
20% straight line
Fixtures and fittings
20% straight line
Computers
20% straight line
Motor vehicles
25% straight line

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.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
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 profit and loss account 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.

GAS & AIR SERVICES (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Retirement benefits

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

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

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

2024
2024
Number
Number
(Unaudited)
Total
4
5
GAS & AIR SERVICES (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 7 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 March 2024 and 31 December 2024
600,000
Amortisation and impairment
At 1 March 2024
595,000
Amortisation charged for the period
5,000
At 31 December 2024
600,000
Carrying amount
At 31 December 2024
-
0
At 29 February 2024
5,000
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 March 2024
15,700
225
2,655
66,139
84,719
Additions
2,399
-
0
112
40,943
43,454
At 31 December 2024
18,099
225
2,767
107,082
128,173
Depreciation and impairment
At 1 March 2024
10,401
56
791
37,290
48,538
Depreciation charged in the period
1,827
38
459
13,843
16,167
At 31 December 2024
12,228
94
1,250
51,133
64,705
Carrying amount
At 31 December 2024
5,871
131
1,517
55,949
63,468
At 29 February 2024
5,299
169
1,864
28,849
36,181
GAS & AIR SERVICES (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 8 -
5
Debtors
2024
2024
Amounts falling due within one year:
£
£
(Unaudited)
Trade debtors
112,437
87,793
Amounts owed by group undertakings
-
0
150,000
Other debtors
117,488
13,608
229,925
251,401
6
Creditors: amounts falling due within one year
2024
2024
£
£
(Unaudited)
Trade creditors
71,061
30,548
Taxation and social security
10,550
31,869
Other creditors
219,997
7,353
301,608
69,770
7
Called up share capital
2024
2024
2024
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
(Unaudited)
(Unaudited)
Ordinary A shares of £1 each
51
51
51
51
Ordinary B shares of £1 each
49
49
49
49
100
100
100
100
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was qualified and the auditor reported as follows:

GAS & AIR SERVICES (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
8
Audit report information
(Continued)
- 9 -

Qualified opinion on financial statements

We have audited the financial statements of Gas & Air Services (UK) Limited (the 'company') for the period ended 31 December 2024 which comprise , the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, except for the effects of the matter described in the Basis for Qualified Opinion paragraph, the financial statements:

Basis for qualified opinion

We were not able to observe the counting of the physical inventories at the end of the accounting period and were unable to satisfy ourselves by alternative means concerning inventory quantities held at 31 December 2024.

 

We were also unable to confirm whether goods ordered prior to the period end date had been received by the company.

 

As disclosed in the "Other matters" paragraph at the end of the audit report, the results for the previous period were unaudited and sufficient evidence could not be obtained as to the opening value of stock.

 

As a result the scope of our audit was limited in relation to the value of stock included in the accounts at £71,392 and consequently the value of purchases at £267,734 included in the Statement of Income as Cost of Sales. In all other respects the financial statements give a true and fair view.

Senior Statutory Auditor:
Simon Garner FCA
Statutory Auditor:
TC Group
Date of audit report:
12 June 2025
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2024
£
£
(Unaudited)
5,652
5,547
GAS & AIR SERVICES (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 10 -
10
Parent company

The company's parent company is Sauer Compressors UK Limited, whose registered office is Sauer House, Lanswood Park, Broomfield Road, Elmstead Market, Essex, England, CO7 7FD .

 

The company's ultimate parent company is Dr Dieter Murmann Beteilsgungesellschat GmbH whose registered office is Brauner Berg 15, 24159, Kiel, Germany

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