Company registration number 01431973 (England and Wales)
Glaston Compressor Services Limited
Financial Statements
For the year ended 31 December 2025
Glaston Compressor Services Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 8
Glaston Compressor Services Limited
Statement of financial position
As at 31 December 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
18,492
139,076
Current assets
Stocks
-
488,972
Debtors
5
2,083,824
1,665,364
Cash at bank and in hand
-
0
543
2,083,824
2,154,879
Creditors: amounts falling due within one year
6
(133,391)
(637,229)
Net current assets
1,950,433
1,517,650
Total assets less current liabilities
1,968,925
1,656,726
Provisions for liabilities
-
(31,217)
Net assets
1,968,925
1,625,509
Capital and reserves
Called up share capital
50
50
Capital redemption reserve
50
50
Profit and loss reserves
1,968,825
1,625,409
Total equity
1,968,925
1,625,509

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 March 2026 and are signed on its behalf by:
Mr A C J Bongaerts
Director
Company registration number 01431973 (England and Wales)
Glaston Compressor Services Limited
Notes to the financial statements
For the year ended 31 December 2025
- 2 -
1
Accounting policies
Company information

Glaston Compressor Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Technology House, Maylands Avenue, Hemel Hempstead, United Kingdom, HP2 7DF.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

During the year, the trade and assets of Glaston Compressor Services Limited was transferred to its immediate parent, Atlas Copco Limited. Accordingly, the financial statements have been prepared on a basis other than going concern.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Turnover from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, turnover is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% on cost
Computers
33% on cost
Motor vehicles
25% reducing balance basis
Glaston Compressor Services Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
- 3 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Net realisable value is estimated selling price less costs to complete and sell. The cost comprises of actual purchase price.

Work in Progress represents the value of work done as at the year end but not yet invoiced.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Glaston Compressor Services Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
- 4 -
1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Glaston Compressor Services Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Estimating the useful economic life of an asset and the anticipated residual value are considered key judgement in calculating an appropriate depreciation charge.

In categorising leases as finance or operating leases, the directors make judgements as to whether significant risks and rewards of ownership have transferred to the company as lessee.

Making judgement based on historical experience on the level of provision required for impairment of inventories. Further information received after the date of the statement of financial position may impact on the level of provision required.

Estimating the recoverability of trade receivables is considered the key judgement in calculating the bad debt provision at the year end.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
19
25
Glaston Compressor Services Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
- 6 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2025
364,792
Additions
2,746
Disposals
(295,953)
At 31 December 2025
71,585
Depreciation and impairment
At 1 January 2025
225,716
Depreciation charged in the year
38,184
Eliminated in respect of disposals
(210,807)
At 31 December 2025
53,093
Carrying amount
At 31 December 2025
18,492
At 31 December 2024
139,076
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
550,290
589,975
Amounts owed by group undertakings
1,386,935
902,542
Other debtors
146,599
172,847
2,083,824
1,665,364
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
15,581
89,305
Taxation and social security
101,660
115,458
Other creditors
16,150
432,466
133,391
637,229
Glaston Compressor Services Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
- 7 -
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Kate Hughes
Statutory Auditor:
DJH Audit Limited
Date of audit report:
25 March 2026
Glaston Compressor Services Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
- 8 -
8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
-
0
29,167
9
Parent company

Ultimate controlling party

The immediate parent company is Atlas Copco Limited, a company registered in England and Wales. The registered address is Technology House, Maylands Avenue, Hemel Hempstead, HP2 7DF.

The ultimate parent company and the group in which the results of company are consolidated is Atlas Copco AB, a company registered in Sweden. The registered address is SE-105 23 Stockholm, Sweden.

2025-12-31 2025-01-01 false false false 25 March 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr A C J Bongaerts Mr A M Rubinstein Mr Handan Sahin Kocas 01431973 2025-01-01 2025-12-31 01431973 2025-12-31 01431973 2024-12-31 01431973 core:OtherPropertyPlantEquipment 2025-12-31 01431973 core:OtherPropertyPlantEquipment 2024-12-31 01431973 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 01431973 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 01431973 core:CurrentFinancialInstruments 2025-12-31 01431973 core:CurrentFinancialInstruments 2024-12-31 01431973 core:ShareCapital 2025-12-31 01431973 core:ShareCapital 2024-12-31 01431973 core:CapitalRedemptionReserve 2025-12-31 01431973 core:CapitalRedemptionReserve 2024-12-31 01431973 core:RetainedEarningsAccumulatedLosses 2025-12-31 01431973 core:RetainedEarningsAccumulatedLosses 2024-12-31 01431973 bus:Director1 2025-01-01 2025-12-31 01431973 core:PlantMachinery 2025-01-01 2025-12-31 01431973 core:ComputerEquipment 2025-01-01 2025-12-31 01431973 core:MotorVehicles 2025-01-01 2025-12-31 01431973 2024-01-01 2024-12-31 01431973 core:OtherPropertyPlantEquipment 2024-12-31 01431973 core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 01431973 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 01431973 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 01431973 bus:FRS102 2025-01-01 2025-12-31 01431973 bus:Audited 2025-01-01 2025-12-31 01431973 bus:Director2 2025-01-01 2025-12-31 01431973 bus:Director3 2025-01-01 2025-12-31 01431973 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP