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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2019 |
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CLEAN AIR INSTALLATIONS LIMITED |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2019 |
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FOR |
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CLEAN AIR INSTALLATIONS LIMITED |
CLEAN AIR INSTALLATIONS LIMITED (REGISTERED NUMBER: 03915686) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 March 2019 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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CLEAN AIR INSTALLATIONS LIMITED |
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COMPANY INFORMATION |
for the year ended 31 March 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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SENIOR STATUTORY AUDITOR: |
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AUDITORS: |
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Chartered Accountants and Statutory Auditor |
Highdown House |
11 Highdown Road |
Leamington Spa |
Warwickshire |
CV31 1XT |
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BANKERS: |
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519 Foleshill Road |
Coventry |
CV3 5ZZ |
CLEAN AIR INSTALLATIONS LIMITED (REGISTERED NUMBER: 03915686) |
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ABRIDGED BALANCE SHEET |
31 March 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings | 9 |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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CLEAN AIR INSTALLATIONS LIMITED (REGISTERED NUMBER: 03915686) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 March 2019 |
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1. | STATUTORY INFORMATION |
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Clean Air Installations Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The principle accounting policies adopted in the preparation of the financial statements are set out below. |
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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. |
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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. |
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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. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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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. |
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Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
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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. |
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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. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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CLEAN AIR INSTALLATIONS LIMITED (REGISTERED NUMBER: 03915686) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2019 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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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. |
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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. |
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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. |
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Finance lease agreements |
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership |
of an asset, the lease is treated as a finance lease. The asset is recorded in the balance sheet as a tangible fixed |
asset and is depreciated in accordance with the above depreciation policies. Future instalments under such leases, |
net of finance charges, are included within creditors. Rentals payable are apportioned between the finance |
element, which is charged to the profit and loss account at a constant rate of charge on the balance of capital |
repayments outstanding, and the capital element which reduces the outstanding obligation for future instalments. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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CLEAN AIR INSTALLATIONS LIMITED (REGISTERED NUMBER: 03915686) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2019 |
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2018 |
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Additions |
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Disposals | ( |
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At 31 March 2019 |
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DEPRECIATION |
At 1 April 2018 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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5. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2019 | 2018 |
£ | £ |
Within one year |
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Between one and five years |
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6. | SECURED DEBTS |
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The company has cross-group guarantees in place with Clean Air Technology Limited, Clean Air Facilities |
Limited, and Shoo 188 Limited in respect of the group bank indebtedness. |
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National Westminster Bank Plc holds a debenture dated 31 March 2006 relating to a legal charge over the assets |
of the company. |
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7. | PROVISIONS FOR LIABILITIES |
2019 | 2018 |
£ | £ |
Deferred tax |
Accelerated capital allowances | 22,366 | 11,745 |
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Deferred |
tax |
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Balance at 1 April 2018 |
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Charge to Income Statement during year |
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Balance at 31 March 2019 |
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CLEAN AIR INSTALLATIONS LIMITED (REGISTERED NUMBER: 03915686) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2019 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £1 | 200 | 200 |
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9. | RESERVES |
Retained |
earnings |
£ |
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At 1 April 2018 |
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Profit for the year |
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Dividends | ( |
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At 31 March 2019 |
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10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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11. | PENSION COMMITMENTS |
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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 £10,969 (2018 - £9,550). There are outstanding pension amounts of £540 (2018 - £160) |
included within creditors at the year end. |
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12. | CONTROLLING INTERESTS |
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The company is controlled by the directors by virtue of their equal shareholdings in the parent undertaking. |
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13. | ULTIMATE PARENT COMPANY |
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The company's ultimate parent undertaking at the balance sheet date was Shoo 188 Limited, which is |
incorporated in England and Wales. |