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AIR COMPRESSOR MAINTENANCE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






AIR COMPRESSOR MAINTENANCE LTD (REGISTERED NUMBER: 13794977)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AIR COMPRESSOR MAINTENANCE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: D Watson
S W Barber





REGISTERED OFFICE: 92 Staffa Drive
Tibshelf
Alfreton
DE55 5PJ





REGISTERED NUMBER: 13794977 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

AIR COMPRESSOR MAINTENANCE LTD (REGISTERED NUMBER: 13794977)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,690 20,749

CURRENT ASSETS
Stocks 11,965 10,000
Debtors 5 60,925 36,741
Cash at bank 103,150 80,303
176,040 127,044
CREDITORS
Amounts falling due within one year 6 111,635 83,657
NET CURRENT ASSETS 64,405 43,387
TOTAL ASSETS LESS CURRENT LIABILITIES 93,095 64,136

CREDITORS
Amounts falling due after more than one
year

7

(1,808

)

-

PROVISIONS FOR LIABILITIES 10 (7,200 ) (5,200 )
NET ASSETS 84,087 58,936

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 84,086 58,935
SHAREHOLDERS' FUNDS 84,087 58,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AIR COMPRESSOR MAINTENANCE LTD (REGISTERED NUMBER: 13794977)

BALANCE SHEET - continued
31 DECEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2025 and were signed on its behalf by:




S W Barber - Director



D Watson - Director


AIR COMPRESSOR MAINTENANCE LTD (REGISTERED NUMBER: 13794977)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Air Compressor Maintenance Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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 arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

AIR COMPRESSOR MAINTENANCE LTD (REGISTERED NUMBER: 13794977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 14,442 14,462 403 29,307
Additions 3,784 15,000 1,867 20,651
Disposals (700 ) (6,300 ) - (7,000 )
At 31 December 2024 17,526 23,162 2,270 42,958
DEPRECIATION
At 1 January 2024 3,314 5,236 8 8,558
Charge for year 3,008 5,432 424 8,864
Eliminated on disposal (324 ) (2,830 ) - (3,154 )
At 31 December 2024 5,998 7,838 432 14,268
NET BOOK VALUE
At 31 December 2024 11,528 15,324 1,838 28,690
At 31 December 2023 11,128 9,226 395 20,749

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,962 33,740
Other debtors 7,963 3,001
60,925 36,741

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 5,085 -
Trade creditors 22,064 8,010
Taxation and social security 35,541 30,788
Other creditors 48,945 44,859
111,635 83,657

AIR COMPRESSOR MAINTENANCE LTD (REGISTERED NUMBER: 13794977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 1,808 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 5,085 -
Between one and five years 1,808 -
6,893 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 16,859 7,800
Between one and five years 41,613 29,900
58,472 37,700

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 6,893 -

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,200 5,200

Deferred
tax
£   
Balance at 1 January 2024 5,200
Provided during year 2,000
Balance at 31 December 2024 7,200

AIR COMPRESSOR MAINTENANCE LTD (REGISTERED NUMBER: 13794977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £0.01 1 1