IRIS Accounts Production v25.2.0.378 11916849 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 11916849 2023-12-31 11916849 2024-12-31 11916849 2024-01-01 2024-12-31 11916849 2022-12-31 11916849 2023-01-01 2023-12-31 11916849 2023-12-31 11916849 ns15:EnglandWales 2024-01-01 2024-12-31 11916849 ns14:PoundSterling 2024-01-01 2024-12-31 11916849 ns10:Director1 2024-01-01 2024-12-31 11916849 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11916849 ns10:SmallEntities 2024-01-01 2024-12-31 11916849 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11916849 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 11916849 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11916849 ns10:FullAccounts 2024-01-01 2024-12-31 11916849 ns10:Director2 2024-01-01 2024-12-31 11916849 ns10:Director3 2024-01-01 2024-12-31 11916849 ns10:Director4 2024-01-01 2024-12-31 11916849 ns10:RegisteredOffice 2024-01-01 2024-12-31 11916849 ns5:CurrentFinancialInstruments 2024-12-31 11916849 ns5:CurrentFinancialInstruments 2023-12-31 11916849 ns5:ShareCapital 2024-12-31 11916849 ns5:ShareCapital 2023-12-31 11916849 ns5:SharePremium 2024-12-31 11916849 ns5:SharePremium 2023-12-31 11916849 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 11916849 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 11916849 ns5:FurnitureFittings 2024-01-01 2024-12-31 11916849 ns5:ComputerEquipment 2024-01-01 2024-12-31 11916849 ns5:FurnitureFittings 2023-12-31 11916849 ns5:ComputerEquipment 2023-12-31 11916849 ns5:FurnitureFittings 2024-12-31 11916849 ns5:ComputerEquipment 2024-12-31 11916849 ns5:FurnitureFittings 2023-12-31 11916849 ns5:ComputerEquipment 2023-12-31 11916849 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 11916849 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31

REGISTERED NUMBER: 11916849 (England and Wales)

FISAIR UK LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

| FISAIR UK LTD (REGISTERED NUMBER: 11916849) |

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 |

| FISAIR UK LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | J I I Rubalcaba

| J B Tejera

| J J Luaces Frades

| T A Shiers

| REGISTERED OFFICE: | Unit 4 The Oakwood Centre

| Downley Road

| Havent

| PO9 2NP

| REGISTERED NUMBER: | 11916849 (England and Wales)

| ACCOUNTANTS: | Dexter & Sharpe (Louth)

| Chartered Certified Accountants

| 1 Eastgate

| Louth

| Lincolnshire

| LN11 9NB

| FISAIR UK LTD (REGISTERED NUMBER: 11916849) |

BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 3 | 695 |  | 335 |  |

CURRENT ASSETS

Stocks | 26,131 |  | 18,681 |  |

Debtors | 4 | 163,918 |  | 476,675 |  |

Cash at bank | 48,323 |  | 115,914 |  |

238,372 |  | 611,270 |  |

CREDITORS

Amounts falling due within one year | 5 | 203,024 |  | 554,291 |  |

NET CURRENT ASSETS | 35,348 |  | 56,979 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 36,043 |  | 57,314 |  |

PROVISIONS FOR LIABILITIES | 174 |  | 84 |  |

NET ASSETS | 35,869 |  | 57,230 |  |

CAPITAL AND RESERVES

Called up share capital | 100,000 |  | 100,000 |  |

Share premium | 25,000 |  | 25,000 |  |

Retained earnings | (89,131 | ) | (67,770 | ) |

35,869 |  | 57,230 |  |

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.

| FISAIR UK LTD (REGISTERED NUMBER: 11916849) |

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2025 and were signed on its behalf by:

J B Tejera - Director

| FISAIR UK LTD (REGISTERED NUMBER: 11916849) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | 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 comprises the value of contracting work executed during the year plus the invoiced value of other sales. The value of contracting work is based on measured valuations , incorporating profit earned to the valuation date and adjusted for any anticipated losses. Other sales are invoiced upon performance of the services provided.

| The amount by which recorded turnover on uncompleted contracts is in excess of payments on account is classified as amounts recoverable on contracts and separately disclosed in debtors.

| The amount by which payments on account on uncompleted contracts is in excess of recorded turnover is classified as contract payments on account and disclosed in creditors.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Fixtures and fittings | - | 15% on reducing balance

| Computer equipment | - | 33% on cost

| Stocks

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

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| FISAIR UK LTD (REGISTERED NUMBER: 11916849) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2023 - 1 ) .

3. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | 869 |  | 4,929 |  | 5,798 |  |

| Additions | - |  | 497 |  | 497 |  |

| At 31 December 2024 | 869 |  | 5,426 |  | 6,295 |  |

| DEPRECIATION

| At 1 January 2024 | 534 |  | 4,929 |  | 5,463 |  |

| Charge for year | 50 |  | 87 |  | 137 |  |

| At 31 December 2024 | 584 |  | 5,016 |  | 5,600 |  |

| NET BOOK VALUE

| At 31 December 2024 | 285 |  | 410 |  | 695 |  |

| At 31 December 2023 | 335 |  | - |  | 335 |  |

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 118,756 |  | 30,765 |  |

| Amounts recoverable on contract | - |  | 413,848 |  |

| Other debtors | 45,162 |  | 32,062 |  |

163,918 |  | 476,675 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 175,950 |  | 64,781 |  |

| Taxation and social security | 24,318 |  | 3,371 |  |

| Other creditors | 2,756 |  | 486,139 |  |

203,024 |  | 554,291 |  |

| FISAIR UK LTD (REGISTERED NUMBER: 11916849) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

6. | RELATED PARTY DISCLOSURES

| Fisair UK Ltd is a subsidiary of Tecniseco Ingenieros S.L. incorporated in Spain.

| During the year the company has also purchased goods from its parent company of £nil (2023 £6,931) and received services of £30,584 (2023 £64,733). At the year end Fisair UK Ltd owed £31,202 to its parent company in respect of goods and services provided (2023 £65,001).

| During the year the company has also had transactions with Fisair SLU who are also a subsidiary of Tecniseco Ingenieros S.L.

| During the year the company has sold goods to Fisair SLU of £nil (2023 £nil), recharged services of £8,661 (2023 £4,088) and received shipping income of £nil (2023 £nil). At the year end Fisair SLU owed £nil to Fisair UK ltd (2023 £nil).

| During the year the company has also purchased goods from Fisair SLU of £689,462 (2023 £51,957) and received services of £200 (2023 £177). At the year end Fisair UK Ltd owed £112,098 to Fisair SLU (2023 -£313). Also included in accrued expenses is a provision of £nil for goods produced by Fisair SLU which were not invoiced until after the year end (2023 £413,848).

7. | ULTIMATE CONTROLLING PARTY

| The company's immediate parent is Tecniseco Ingenieros S.L., incorporated in Spain