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COMPANY REGISTRATION NUMBER: 14108264
3M AIR LTD
Filleted Unaudited Financial Statements
31 May 2023
3M AIR LTD
Financial Statements
Period from 16 May 2022 to 31 May 2023
Contents
Pages
Statement of financial position
1
Notes to the financial statements
2 to 3
3M AIR LTD
Statement of Financial Position
31 May 2023
31 May 23
Note
£
Current assets
Debtors
4
224,614
Creditors: amounts falling due within one year
5
( 225,252)
---------
Net current liabilities
( 638)
----
Total assets less current liabilities
( 638)
----
Capital and reserves
Called up share capital
6
1
Profit and loss account
( 639)
----
Shareholders deficit
( 638)
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 8 February 2024 , and are signed on behalf of the board by:
Mr M Mathias
Director
Company registration number: 14108264
3M AIR LTD
Notes to the Financial Statements
Period from 16 May 2022 to 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hamilton House, 44 Hamilton Terrace, Milford Haven, Pembrokeshire, SA73 3JP.
2. Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Debtors
31 May 23
£
Other debtors
224,614
---------
Other debtors includes an amount of £nil falling due after more than one year.
5. Creditors: amounts falling due within one year
31 May 23
£
Other creditors
225,252
---------
6. Called up share capital
Issued, called up and fully paid
31 May 23
No.
£
Ordinary shares of £ 1 each
1
1
----
----
Share movements
No.
£
Ordinary
At 16 May 2022
Issue of shares
1
1
----
----
At 31 May 2023
1
1
----
----
7. Related party transactions
During the period the company was under the control of Mr M Mathias by virtue of his majority shareholding.