Company registration number 08868593 (England and Wales)
AIR CONSULTANTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
AIR CONSULTANTS LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
AIR CONSULTANTS LTD
BALANCE SHEET
AS AT 31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
179
239
Current assets
Debtors
5
15,596
-
0
Cash at bank and in hand
2,125
26,433
17,721
26,433
Creditors: amounts falling due within one year
6
(88,463)
(19,381)
Net current (liabilities)/assets
(70,742)
7,052
Net (liabilities)/assets
(70,563)
7,291
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(70,663)
7,191
Total equity
(70,563)
7,291

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 14 November 2023 and are signed on its behalf by:
Mr M N Sattar
Director
Company registration number 08868593 (England and Wales)
AIR CONSULTANTS LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2023
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 February 2021
100
765
865
Year ended 31 January 2022:
Profit and total comprehensive income
-
66,426
66,426
Dividends
-
(60,000)
(60,000)
Balance at 31 January 2022
100
7,191
7,291
Year ended 31 January 2023:
Loss and total comprehensive income
-
(77,854)
(77,854)
Balance at 31 January 2023
100
(70,663)
(70,563)
AIR CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 3 -
1
Accounting policies
Company information

Air Consultants Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Kalamu House, 11 Coldbath Square, London, EC1R 5HL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

AIR CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
1
Accounting policies
(Continued)
- 4 -
1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are 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.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was;

2023
2022
Number
Number
Total
3
3
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 and 31 January 2023
1,729
Depreciation and impairment
At 1 February 2022
1,490
Depreciation charged in the year
60
At 31 January 2023
1,550
Carrying amount
At 31 January 2023
179
At 31 January 2022
239
AIR CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 5 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
15,596
-
0
6
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
-
0
15,599
Other taxation and social security
-
0
72
Other creditors
88,463
3,710
88,463
19,381
7
Called up share capital
2023
2022
Ordinary share capital
£
£
Issued and fully paid
100 ordinary shares of £1 each
100
100
8
Directors' transactions

At the balance sheet date, the balance payable to the director and shareholder of the company amounted to £86,047 (2022: £1,268). The balance is interest-free, unsecured and repayable on demand.

 

2023-01-312022-02-01false14 November 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMr M N SattarDr A Sattar088685932022-02-012023-01-31088685932023-01-31088685932022-01-3108868593core:OtherPropertyPlantEquipment2023-01-3108868593core:OtherPropertyPlantEquipment2022-01-3108868593core:CurrentFinancialInstrumentscore:WithinOneYear2023-01-3108868593core:CurrentFinancialInstrumentscore:WithinOneYear2022-01-3108868593core:CurrentFinancialInstruments2023-01-3108868593core:CurrentFinancialInstruments2022-01-3108868593core:ShareCapital2023-01-3108868593core:ShareCapital2022-01-3108868593core:RetainedEarningsAccumulatedLosses2023-01-3108868593core:RetainedEarningsAccumulatedLosses2022-01-3108868593core:ShareCapital2021-01-3108868593core:RetainedEarningsAccumulatedLosses2021-01-3108868593bus:Director12022-02-012023-01-3108868593core:RetainedEarningsAccumulatedLosses2021-02-012022-01-31088685932021-02-012022-01-3108868593core:RetainedEarningsAccumulatedLosses2022-02-012023-01-3108868593core:FurnitureFittings2022-02-012023-01-3108868593core:OtherPropertyPlantEquipment2022-01-3108868593core:OtherPropertyPlantEquipment2022-02-012023-01-3108868593bus:PrivateLimitedCompanyLtd2022-02-012023-01-3108868593bus:SmallCompaniesRegimeForAccounts2022-02-012023-01-3108868593bus:FRS1022022-02-012023-01-3108868593bus:AuditExemptWithAccountantsReport2022-02-012023-01-3108868593bus:Director22022-02-012023-01-3108868593bus:FullAccounts2022-02-012023-01-31xbrli:purexbrli:sharesiso4217:GBP