Silverfin false 31/01/2023 01/02/2022 31/01/2023 M V Oprea 07/01/2021 B D Orocz 29/07/2021 M S Riaz 07/01/2021 16 November 2023 The principal activity of the Company during the financial year was Plumbing, heat and air-conditioning installation. 13120014 2023-01-31 13120014 bus:Director1 2023-01-31 13120014 bus:Director2 2023-01-31 13120014 bus:Director3 2023-01-31 13120014 core:CurrentFinancialInstruments 2023-01-31 13120014 core:CurrentFinancialInstruments 2022-01-31 13120014 2022-01-31 13120014 core:ShareCapital 2023-01-31 13120014 core:ShareCapital 2022-01-31 13120014 core:RetainedEarningsAccumulatedLosses 2023-01-31 13120014 core:RetainedEarningsAccumulatedLosses 2022-01-31 13120014 bus:OrdinaryShareClass1 2023-01-31 13120014 2022-02-01 2023-01-31 13120014 bus:FullAccounts 2022-02-01 2023-01-31 13120014 bus:SmallEntities 2022-02-01 2023-01-31 13120014 bus:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 13120014 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 13120014 bus:Director1 2022-02-01 2023-01-31 13120014 bus:Director2 2022-02-01 2023-01-31 13120014 bus:Director3 2022-02-01 2023-01-31 13120014 2021-01-07 2022-01-31 13120014 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 13120014 bus:OrdinaryShareClass1 2021-01-07 2022-01-31 13120014 1 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13120014 (England and Wales)

AIR TECHNOLOGY PRODUCTS LTD

Unaudited Financial Statements
For the financial year ended 31 January 2023
Pages for filing with the registrar

AIR TECHNOLOGY PRODUCTS LTD

Unaudited Financial Statements

For the financial year ended 31 January 2023

Contents

AIR TECHNOLOGY PRODUCTS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 January 2023
AIR TECHNOLOGY PRODUCTS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 January 2023
Note 31.01.2023 31.01.2022
£ £
Current assets
Debtors 3 439 150
Cash at bank and in hand 4 1,864 587
2,303 737
Creditors: amounts falling due within one year 5 ( 4,328) ( 1,331)
Net current liabilities (2,025) (594)
Total assets less current liabilities (2,025) (594)
Net liabilities ( 2,025) ( 594)
Capital and reserves
Called-up share capital 6 150 150
Profit and loss account ( 2,175 ) ( 744 )
Total shareholders' deficit ( 2,025) ( 594)

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

Directors' responsibilities:

The financial statements of Air Technology Products Ltd (registered number: 13120014) were approved and authorised for issue by the Director. They were signed on its behalf by:

M S Riaz
Director

16 November 2023

AIR TECHNOLOGY PRODUCTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
AIR TECHNOLOGY PRODUCTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Air Technology Products Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements have been prepared on the going concern basis, which assumes that the Company will continue to trade for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements, and will be able to meet its debts is they fall due.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Year ended
31.01.2023
Period from
07.01.2021 to
31.01.2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Debtors

31.01.2023 31.01.2022
£ £
Trade debtors 288 0
Other debtors 151 150
439 150

4. Cash and cash equivalents

31.01.2023 31.01.2022
£ £
Cash at bank and in hand 1,864 587

5. Creditors: amounts falling due within one year

31.01.2023 31.01.2022
£ £
Trade creditors 978 0
Amounts owed to Group undertakings 1,331 1,331
Other taxation and social security 809 0
Other creditors 1,210 0
4,328 1,331

6. Called-up share capital

31.01.2023 31.01.2022
£ £
Allotted, called-up and fully-paid
150 Ordinary shares of £ 1.00 each 150 150

7. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.