Fisair UK Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11916849 (England and Wales)

FISAIR UK LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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

Share premium

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.

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

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.

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

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

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