2022-02-182023-02-282023-02-28false13925166AIR SAFETY COMPANY 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AIR SAFETY COMPANY LIMITED

Registered Number
13925166
(England and Wales)

Unaudited Financial Statements for the Period ended
28 February 2023

AIR SAFETY COMPANY LIMITED
Company Information
for the period from 18 February 2022 to 28 February 2023

Director

GAETE, Andrew Claudio

Registered Address

Unit C Anchor House School Lane
Chandlers Ford
Eastleigh
SO53 4DY

Registered Number

13925166 (England and Wales)
AIR SAFETY COMPANY LIMITED
Balance Sheet as at
28 February 2023

Notes

2023

£

£

Current assets
Debtors611,403
11,403
Creditors amounts falling due within one year7(22,600)
Net current assets (liabilities)(11,197)
Total assets less current liabilities(11,197)
Net assets(11,197)
Capital and reserves
Called up share capital100
Profit and loss account(11,297)
Shareholders' funds(11,197)
The financial statements were approved and authorised for issue by the Director on 23 August 2023, and are signed on its behalf by:
GAETE, Andrew Claudio
Director
Registered Company No. 13925166
AIR SAFETY COMPANY LIMITED
Notes to the Financial Statements
for the period ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Revenue recognition policy
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4.Employee information

2023
Average number of employees during the year0
5.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
GAETE, Andrew Claudio0109,728126,088(16,360)
0109,728126,088(16,360)
6.Debtors

2023

£
Trade debtors / trade receivables8,000
Other debtors3,403
Total11,403
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

£
Trade creditors / trade payables5,658
Amounts owed to related parties16,360
Other creditors82
Accrued liabilities and deferred income500
Total22,600
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.