REGISTERED NUMBER: 03915686 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CLEAN AIR INSTALLATIONS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs M K Wren

N C Williams

REGISTERED OFFICE:

5 Newton Close

Drayton Fields Industrial Estate

Daventry

Northamptonshire

NN11 8RR

REGISTERED NUMBER:

03915686 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mark Ashfield BA FCA

AUDITORS:

HB&O Ltd

Chartered Accountants and Statutory Auditor

Highdown House

11 Highdown Road

Leamington Spa

Warwickshire

CV31 1XT

BANKERS:

National Westminster Bank plc

519 Foleshill Road

Coventry

CV3 5ZZ

FIXED ASSETS

Intangible assets

4

2,804

6,039

Tangible assets

5

196,408

191,930

199,212

197,969

CURRENT ASSETS

Stocks

229,112

200,546

Debtors

1,351,400

1,486,746

Cash at bank and in hand

282,741

279,933

1,863,253

1,967,225

CREDITORS

Amounts falling due within one year

1,215,141

1,307,449

NET CURRENT ASSETS

648,112

659,776

TOTAL ASSETS LESS CURRENT LIABILITIES

847,324

857,745

PROVISIONS FOR LIABILITIES

7

45,447

41,348

NET ASSETS

801,877

816,397

CAPITAL AND RESERVES

Called up share capital

8

200

200

Retained earnings

801,677

816,197

SHAREHOLDERS' FUNDS

801,877

816,397

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 December 2025 and were signed on its behalf by:

N C Williams - Director

Mrs M K Wren - Director

1.	STATUTORY INFORMATION

Clean Air Installations Limited 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.

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.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

For contracting activities turnover represents the value of work carried out during the year according to the stage of completion at the balance sheet date.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website design is being amortised evenly over its estimated useful life of five years.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% 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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

12,940

AMORTISATION

At 1 April 2024

6,901

Amortisation for year

3,235

At 31 March 2025

10,136

NET BOOK VALUE

At 31 March 2025

2,804

At 31 March 2024

6,039

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

437,409

Additions

47,708

Disposals

(15,382

)

At 31 March 2025

469,735

DEPRECIATION

At 1 April 2024

245,479

Charge for year

40,742

Eliminated on disposal

(12,894

)

At 31 March 2025

273,327

NET BOOK VALUE

At 31 March 2025

196,408

At 31 March 2024

191,930

6.	SECURED DEBTS

The company has cross-group and related entity guarantees in place with Clean Air Technology Limited, Clean Air Facilities Limited, and Marnic Property Limited (formerly Shoo 188 Limited) in respect of the group and related entity bank indebtedness.

National Westminster Bank Plc holds a debenture dated 31 March 2006 relating to a legal charge over the assets of the company.

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

45,447

41,348

Deferred

tax

£

Balance at 1 April 2024

41,348

Provided during year

4,099

Balance at 31 March 2025

45,447

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

200

Ordinary

£1

200

200

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Ashfield BA FCA (Senior Statutory Auditor)

for and on behalf of HB&O Ltd

10.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £35,216 (2024 - £18,932). There are outstanding pension amounts of £540 (2024 - £510) included within creditors at the year end.

11.	RELATED PARTY DISCLOSURES

Marnic Property Limited - Company under common control.

From 11 December 2024, Marnic Property Limited ceased to be a group entity and became a related party. During the financial year, the company was charged rent of £14,000 and management charges of £108,000 by Marnic Property Limited and as disclosed in other debtors was owed £876,347 as at 31 March 2025 by Marnic Property Limited.

12.	CONTROLLING INTERESTS

The company is controlled by the directors by virtue of their equal shareholdings in the parent undertaking.

13.	ULTIMATE PARENT COMPANY

The company's ultimate parent undertaking at the balance sheet date was Shoo 188 Limited, which is incorporated in England and Wales.