0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 16,554 15,029 382 15,411 1,143 1,525 xbrli:pure xbrli:shares iso4217:GBP 04187758 2024-04-01 2025-03-31 04187758 2025-03-31 04187758 2024-03-31 04187758 2023-04-01 2024-03-31 04187758 2024-03-31 04187758 2023-03-31 04187758 bus:Director1 2024-04-01 2025-03-31 04187758 core:WithinOneYear 2025-03-31 04187758 core:WithinOneYear 2024-03-31 04187758 core:ShareCapital 2025-03-31 04187758 core:ShareCapital 2024-03-31 04187758 core:RetainedEarningsAccumulatedLosses 2025-03-31 04187758 core:RetainedEarningsAccumulatedLosses 2024-03-31 04187758 bus:SmallEntities 2024-04-01 2025-03-31 04187758 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04187758 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04187758 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04187758 bus:FullAccounts 2024-04-01 2025-03-31 04187758 core:ComputerEquipment 2024-04-01 2025-03-31 04187758 core:ComputerEquipment 2025-03-31 04187758 core:ComputerEquipment 2024-03-31
COMPANY REGISTRATION NUMBER: 04187758
Solutions for Clean Air Ltd
Filleted Unaudited Financial Statements
31 March 2025
Solutions for Clean Air Ltd
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
4
1,143
1,525
Current assets
Debtors
5
1,779
1,868
Cash at bank and in hand
581,462
656,865
---------
---------
583,241
658,733
Creditors: amounts falling due within one year
6
9,540
22,380
---------
---------
Net current assets
573,701
636,353
---------
---------
Total assets less current liabilities
574,844
637,878
Provisions
Taxation including deferred tax
218
290
---------
---------
Net assets
574,626
637,588
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
574,624
637,586
---------
---------
Shareholders funds
574,626
637,588
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Solutions for Clean Air Ltd
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 17 July 2025 , and are signed on behalf of the board by:
W M Haslinger
Director
Company registration number: 04187758
Solutions for Clean Air Ltd
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 30 Morda Close, Oswestry, Shropshire, SY11 2BA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The company's turnover represents the value, excluding Value Added Tax, of goods and services supplied to customers during the year.
Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors loans. Directors loans (being repayable upon demand), trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of Income and Retained Earnings. Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2024 and 31 March 2025
16,554
16,554
--------
--------
Depreciation
At 1 April 2024
15,029
15,029
Charge for the year
382
382
--------
--------
At 31 March 2025
15,411
15,411
--------
--------
Carrying amount
At 31 March 2025
1,143
1,143
--------
--------
At 31 March 2024
1,525
1,525
--------
--------
5. Debtors
2025
2024
£
£
Trade debtors
420
Other debtors
1,779
1,448
-------
-------
1,779
1,868
-------
-------
6. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
67
17
Social security and other taxes
2,853
5,137
Other creditors
6,620
17,226
-------
--------
9,540
22,380
-------
--------
7.Directors' advances, credits and guarantees
The directors operate a current account with the company. As follows:
2025
£
Opening Balance15,930
Movements(10,660)
--------
Closing Balance5,270
--------
No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.
8. Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102 section 33 other than the operation of a directors' loan account. The balance on this account is disclosed in the notes.