Registered number
07142040
Compressed Air Engineering (Redditch) Limited
Unaudited Filleted Accounts
28 February 2025
Compressed Air Engineering (Redditch) Limited
Registered number: 07142040
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 107,002 75,517
Current assets
Stocks 5,117 6,021
Debtors 4 111,311 98,872
Cash at bank and in hand 294,941 198,184
411,369 303,077
Creditors: amounts falling due within one year 5 (211,903) (160,795)
Net current assets 199,466 142,282
Total assets less current liabilities 306,468 217,799
Creditors: amounts falling due after more than one year 6 (24,881) -
Provisions for liabilities (21,750) (9,125)
Net assets 259,837 208,674
Capital and reserves
Called up share capital 100 100
Profit and loss account 259,737 208,574
Shareholders' funds 259,837 208,674
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.
P J Reeves
Director
Approved by the board on 17 July 2025
Compressed Air Engineering (Redditch) Limited
Notes to the Accounts
for the year ended 28 February 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:
Motor vehicles 25% reducing balance
Plant and machinery over 4 years
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 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.Current and deferred tax assets and liabilities are not discounted.
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 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2024 29,100 116,207 145,307
Additions 1,079 87,662 88,741
Disposals - (69,230) (69,230)
At 28 February 2025 30,179 134,639 164,818
Depreciation
At 1 March 2024 21,504 48,286 69,790
Charge for the year 2,618 16,782 19,400
On disposals - (31,374) (31,374)
At 28 February 2025 24,122 33,694 57,816
Net book value
At 28 February 2025 6,057 100,945 107,002
At 29 February 2024 7,596 67,921 75,517
4 Debtors 2025 2024
£ £
Trade debtors 108,565 83,409
Other debtors 2,746 15,463
111,311 98,872
5 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 3,361 482
Trade creditors 71,626 54,333
Taxation and social security costs 78,719 58,464
Other creditors 58,197 47,516
211,903 160,795
6 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 24,881 -
7 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 8,458 15,708
8 Controlling party
The controlling party is P J Reeves who owns 60% of the issued share capital.
9 Other information
Compressed Air Engineering (Redditch) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 37 Peltland Ind Estate
Padgets Lane, South Moons
Redditch
Worcestershire
B98 0RB
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