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Registration number: SC229044

Air Compressor Services (Scotland) Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Air Compressor Services (Scotland) Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Air Compressor Services (Scotland) Ltd

Company Information

Director | S Dunn

Company secretary | L Bathgate

Registered office | Unit 26, Dunfermline Business Centre Izatt Avenue Dunfermline Fife KY11 3BZ

Accountants | M&S Accountancy and Taxation Limited Unit 26, Dunfermline Business Centre Izatt Avenue Dunfermline Fife KY11 3BZ

Air Compressor Services (Scotland) Ltd

(Registration number: SC229044)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 84,272 | 75,383
Current assets |  |  |
Stocks | 5 | 41,021 | 25,542
Debtors | 6 | 99,355 | 164,634
Cash at bank and in hand |  | 231,246 | 186,877
|  | 371,622 | 377,053
Creditors: Amounts falling due within one year | 7 | (281,109) | (268,803)
Net current assets |  | 90,513 | 108,250
Total assets less current liabilities |  | 174,785 | 183,633
Provisions for liabilities |  | (15,988) | (18,846)
Net assets |  | 158,797 | 164,787
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | 158,697 | 164,687
Shareholders' funds |  | 158,797 | 164,787

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director 's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 April 2026

......................................... S Dunn Director

Air Compressor Services (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Unit 26, Dunfermline Business Centre
Izatt Avenue
Dunfermline
Fife
KY11 3BZ

These financial statements were authorised for issue by the director on 21 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of VAT and trade discounts. Turnover is recognised on the accruals basis.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Air Compressor Services (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

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.
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 profit and loss account, 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and Machinery | 25% Reducing Balance
Motor Vehicles | 25% Reducing Balance
Fixtures and Fittings | 25% Reducing Balance
Computer Equipment | 25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Air Compressor Services (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
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 balance sheet 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 bank balances, are measured at transaction price including transaction costs.
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, are recognised at transaction price.
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. Amounts payable are classified as current liabilities if payment is due within one year or less.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 4).

Air Compressor Services (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 June 2024 | 1,076 | 87,867 | 4,538 | 118,650 | 212,131
Additions | - | - | 1,350 | 26,570 | 27,920
Disposals | - | - | - | (11,410) | (11,410)
At 31 May 2025 | 1,076 | 87,867 | 5,888 | 133,810 | 228,641
Depreciation
At 1 June 2024 | 1,031 | 59,250 | 3,377 | 73,090 | 136,748
Charge for the year | 45 | 7,155 | 289 | 11,339 | 18,828
Eliminated on disposal | - | - | - | (11,207) | (11,207)
At 31 May 2025 | 1,076 | 66,405 | 3,666 | 73,222 | 144,369
Carrying amount
At 31 May 2025 | - | 21,462 | 2,222 | 60,588 | 84,272
At 31 May 2024 | 45 | 28,617 | 1,161 | 45,560 | 75,383

5 | Stocks

| 2025 £ | 2024 £
Raw materials and consumables | 41,021 | 25,542

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 92,438 | 149,254
Prepayments | 6,917 | 15,380
| 99,355 | 164,634

7 | Creditors

Creditors: amounts falling due within one year

Air Compressor Services (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

| Note | 2025 £ | 2024 £
Loans and borrowings |  | - | 856
Trade creditors |  | 127,013 | 131,420
Taxation and social security |  | 7,326 | 6,587
Accruals and deferred income |  | 9,557 | 6,724
Other creditors |  | 137,213 | 123,216
|  | 281,109 | 268,803

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share of £1 each | 100 | 100 | 100 | 100