Company Registration No. 12878874 (England and Wales)
Air Cover PR Limited
Unaudited accounts
for the year ended 31 March 2023
Air Cover PR Limited
Unaudited accounts
Contents
Air Cover PR Limited
Company Information
for the year ended 31 March 2023
Directors
Elaine Breckenridge
James Staunton
Company Number
12878874 (England and Wales)
Registered Office
Clockhouse
Dogflud Way
Farnham
GU9 7UD
England
Air Cover PR Limited
Statement of financial position
as at 31 March 2023
Tangible assets
8,054
16,580
Cash at bank and in hand
40,661
47,157
Creditors: amounts falling due within one year
(57,208)
(41,162)
Net current assets
30,837
47,400
Total assets less current liabilities
38,891
63,980
Creditors: amounts falling due after more than one year
-
(16,318)
Provisions for liabilities
Deferred tax
(2,134)
(3,150)
Called up share capital
1
1
Profit and loss account
36,756
44,511
Shareholders' funds
36,757
44,512
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by
James Staunton
Director
Company Registration No. 12878874
Air Cover PR Limited
Notes to the Accounts
for the year ended 31 March 2023
Air Cover PR Limited is a private company, limited by shares, registered in England and Wales, registration number 12878874. The registered office is Clockhouse, Dogflud Way , Farnham, GU9 7UD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
These financial statements comply with Financial Reporting Standard 102 Section 1A.
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.
Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
three years
Motor vehicles
three years
Computer equipment
three years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
3,643
23,728
523
27,894
At 31 March 2023
4,392
23,728
664
28,784
At 1 April 2022
1,312
9,886
116
11,314
Charge for the year
1,313
7,909
194
9,416
At 31 March 2023
2,625
17,795
310
20,730
At 31 March 2023
1,767
5,933
354
8,054
At 31 March 2022
2,331
13,842
407
16,580
Air Cover PR Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
46,056
40,074
Accrued income and prepayments
1,328
1,331
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
16,268
1,297
Taxes and social security
28,075
17,514
Other creditors
1,375
1,335
Deferred income
4,008
10,973
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
16,318
8
Transactions with related parties
There were no material transactions with directors and shareholders that were not conducted under normal market conditions.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).