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REGISTERED NUMBER: 09346662 (England and Wales)



Unaudited Financial Statements

for the Year Ended 31st December 2022

for

Airways Airsports Limited

Airways Airsports Limited (Registered number: 09346662)






Contents of the Financial Statements
for the Year Ended 31st December 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Airways Airsports Limited

Company Information
for the Year Ended 31st December 2022







DIRECTORS: C P Dawes
A Snell





REGISTERED OFFICE: 6 Manchester Road
Buxton
Derbyshire
SK17 6SB





REGISTERED NUMBER: 09346662 (England and Wales)





ACCOUNTANTS: Laytons
Chartered Accountants
6 Manchester Road
Buxton
Derbyshire
SK17 6SB

Airways Airsports Limited (Registered number: 09346662)

Abridged Balance Sheet
31st December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 15,000
Tangible assets 5 3,793 4,463
18,793 19,463

CURRENT ASSETS
Stocks 32,526 21,205
Debtors 7,500 10,000
Cash at bank 3,542 22,186
43,568 53,391
CREDITORS
Amounts falling due within one year 16,150 11,310
NET CURRENT ASSETS 27,418 42,081
TOTAL ASSETS LESS CURRENT LIABILITIES 46,211 61,544

CREDITORS
Amounts falling due after more than one year 66,345 79,765
NET LIABILITIES (20,134 ) (18,221 )

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings (20,254 ) (18,341 )
(20,134 ) (18,221 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 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.

Airways Airsports Limited (Registered number: 09346662)

Abridged Balance Sheet - continued
31st December 2022


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 Income Statement and an abridged Balance Sheet for the year ended 31st December 2022 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 29th September 2023 and were signed on its behalf by:




C P Dawes - Director



A Snell - Director


Airways Airsports Limited (Registered number: 09346662)

Notes to the Financial Statements
for the Year Ended 31st December 2022

1. STATUTORY INFORMATION

Airways Airsports 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of nil years.

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.

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 etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 2 (2021 - 3 ) .

Airways Airsports Limited (Registered number: 09346662)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2022

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2022
and 31st December 2022 15,000
NET BOOK VALUE

At 31st December 2022 15,000
At 31st December 2021 15,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2022
and 31st December 2022 9,000
DEPRECIATION
At 1st January 2022 4,537
Charge for year 670
At 31st December 2022 5,207
NET BOOK VALUE
At 31st December 2022 3,793
At 31st December 2021 4,463

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors is £2,119 (2021: £2,119) owing to the director Mr A Snell and due after 1 year is £49,387 (2021: £55,837) owing to the director Mr C Dawes. This loan is interest free and repayable on demand.