IRIS Accounts Production v23.1.0.753 04496547 director 1.1.22 31.12.22 31.12.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure044965472021-12-31044965472022-12-31044965472022-01-012022-12-31044965472020-12-31044965472021-01-012021-12-31044965472021-12-3104496547ns16:EnglandWales2022-01-012022-12-3104496547ns15:PoundSterling2022-01-012022-12-3104496547ns11:Director12022-01-012022-12-3104496547ns11:PrivateLimitedCompanyLtd2022-01-012022-12-3104496547ns11:SmallEntities2022-01-012022-12-3104496547ns11:AuditExempt-NoAccountantsReport2022-01-012022-12-3104496547ns11:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3104496547ns11:SmallCompaniesRegimeForAccounts2022-01-012022-12-3104496547ns11:FullAccounts2022-01-012022-12-3104496547ns11:RegisteredOffice2022-01-012022-12-3104496547ns6:CurrentFinancialInstruments2022-12-3104496547ns6:CurrentFinancialInstruments2021-12-3104496547ns6:Non-currentFinancialInstruments2022-12-3104496547ns6:Non-currentFinancialInstruments2021-12-3104496547ns6:ShareCapital2022-12-3104496547ns6:ShareCapital2021-12-3104496547ns6:RetainedEarningsAccumulatedLosses2022-12-3104496547ns6:RetainedEarningsAccumulatedLosses2021-12-3104496547ns6:PlantMachinery2021-12-3104496547ns6:FurnitureFittings2021-12-3104496547ns6:ComputerEquipment2021-12-3104496547ns6:PlantMachinery2022-01-012022-12-3104496547ns6:FurnitureFittings2022-01-012022-12-3104496547ns6:ComputerEquipment2022-01-012022-12-3104496547ns6:PlantMachinery2022-12-3104496547ns6:FurnitureFittings2022-12-3104496547ns6:ComputerEquipment2022-12-3104496547ns6:PlantMachinery2021-12-3104496547ns6:FurnitureFittings2021-12-3104496547ns6:ComputerEquipment2021-12-3104496547ns6:WithinOneYearns6:CurrentFinancialInstruments2022-12-3104496547ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3104496547ns11:Director112021-12-3104496547ns11:Director112020-12-3104496547ns11:Director112022-01-012022-12-3104496547ns11:Director112021-01-012021-12-3104496547ns11:Director112022-12-3104496547ns11:Director112021-12-31
REGISTERED NUMBER: 04496547 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

AIRCOMM SERVICES LTD

AIRCOMM SERVICES LTD (REGISTERED NUMBER: 04496547)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


AIRCOMM SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: M J Karcha





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 04496547 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

AIRCOMM SERVICES LTD (REGISTERED NUMBER: 04496547)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 5,006 470

CURRENT ASSETS
Debtors 5 943,142 1,162,478
Cash at bank 35,574 48
978,716 1,162,526
CREDITORS
Amounts falling due within one year 6 699,226 874,833
NET CURRENT ASSETS 279,490 287,693
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,496

288,163

CREDITORS
Amounts falling due after more than one
year

7

24,167

34,167
NET ASSETS 260,329 253,996

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 260,327 253,994
SHAREHOLDERS' FUNDS 260,329 253,996

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:





M J Karcha - Director


AIRCOMM SERVICES LTD (REGISTERED NUMBER: 04496547)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Aircomm Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

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

Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and accumulated impairment losses. Such cost included costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value over their expected useful lives, on the following basis:

Plant and machinery 33% on a straight line
Office equipment 33% on a straight line

The carrying values of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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 statement of financial position date.


AIRCOMM SERVICES LTD (REGISTERED NUMBER: 04496547)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2021 - 5 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2022 22,155 15,154 - 37,309
Additions - - 5,062 5,062
At 31 December 2022 22,155 15,154 5,062 42,371
DEPRECIATION
At 1 January 2022 22,155 14,684 - 36,839
Charge for year - 243 283 526
At 31 December 2022 22,155 14,927 283 37,365
NET BOOK VALUE
At 31 December 2022 - 227 4,779 5,006
At 31 December 2021 - 470 - 470

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 615,198 878,159
Amounts owed by group undertakings 37,357 21,959
Other debtors 290,587 262,360
943,142 1,162,478

AIRCOMM SERVICES LTD (REGISTERED NUMBER: 04496547)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 76,994
Trade creditors 387,026 506,913
Amounts owed to group undertakings 41,080 -
Amounts owed to connected company - 3,380
Taxation and social security 256,520 283,045
Other creditors 4,600 4,501
699,226 874,833

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 24,167 34,167

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

2022 2021
£    £   
M J Karcha
Balance outstanding at start of year 187,423 103,169
Amounts advanced 215,092 179,399
Amounts repaid (167,553 ) (95,145 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 234,962 187,423

Interest on the above overdrawn director's loan amount is £6,057 (2021:£3,937).

9. RELATED PARTY DISCLOSURES

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.