Registered number
04090481
AIRSERVICES UK LIMITED
Report and Accounts
31 October 2023
DAVIS, BURTON, WILLIAMS & CO
Chartered Certified Accountants
Office B11, Sutton Business Centre
Restmor Way
Wallington
Surrey SM6 7AH
________________________________________________
AIRSERVICES UK LIMITED
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Profit and loss account 3
Balance sheet 4
Statement of changes in equity 5
Notes to the accounts 6-8
AIRSERVICES UK LIMITED
Company Information
Directors
D Greenhalgh
Accountants
Davis Burton Williams & Co
Office B11, Sutton Business Centre
Restmor Way
Wallington
Surrey
SM6 7AH
Registered office
Office B11, Sutton Business Centre
Restmor Way
Wallington
Surrey
SM6 7AH
Registered number
04090481
AIRSERVICES UK LIMITED
Registered number: 04090481
Directors' Report
The director presents his report and accounts for the year ended 31 October 2023.
Principal activities
The company's principal activity during the year continued to be that of specialising in Aviation and IT sectors associated with Air Traffic Management, Airports, Aircraft and Business Management Analysis.
Directors
The following person served as director during the year:
D Greenhalgh
Political donations
The company made no political donations during the year.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 8 March 2024 and signed on its behalf.
D Greenhalgh
Director
AIRSERVICES UK LIMITED
Profit and Loss Account
for the year ended 31 October 2023
Notes 2023 2022
£ £
Turnover 389,828 161,316
Cost of sales (383,511) (117,292)
Gross profit 6,317 44,024
Administrative expenses (22,601) (55,669)
Operating loss (16,284) (11,645)
Interest payable (4,682) (5,251)
Loss on ordinary activities before taxation (20,966) (16,896)
Tax on loss on ordinary activities - -
Loss for the financial year (20,966) (16,896)
AIRSERVICES UK LIMITED
Registered number: 04090481
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - -
- -
Current assets
Work in progress 48,163 29,927
Debtors 4 1,425,732 1,379,602
Cash at bank and in hand 15 33,019
1,473,910 1,442,548
Creditors: amounts falling due within one year 5 (1,390,033) (1,337,705)
Net current assets 83,877 104,843
Total assets less current liabilities 83,877 104,843
Net assets 83,877 104,843
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 73,877 94,843
Shareholders' funds 83,877 104,843
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The detailed profit and loss account has not been delivered to the Registrar of Companies.
D Greenhalgh
Director
Approved by the board on 8 March 2024
AIRSERVICES UK LIMITED
Statement of Changes in Equity
for the year ended 31 October 2023
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 November 2021 10,000 - - 111,739 121,739
Loss for the financial year - - - (16,896) (16,896)
Total comprehensive income for the financial year - - - (16,896) (16,896)
At 31 October 2022 10,000 - - 94,843 104,843
At 1 November 2022 10,000 - - 94,843 104,843
Loss for the financial year - - - (20,966) (20,966)
Total comprehensive income for the financial year - - - (20,966) (20,966)
At 31 October 2023 10,000 - - 73,877 83,877
AIRSERVICES UK LIMITED
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 25% straight line basis
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment Total
£ £
Cost
At 1 November 2022 6,259 6,259
Additions - -
Disposals - -
At 31 October 2023 6,259 6,259
Depreciation
At 1 November 2022 6,259 6,259
Charge for the year - -
On disposals - -
At 31 October 2023 6,259 6,259
Net book value
At 31 October 2023 - -
At 31 October 2022 - -
4 Debtors 2023 2022
£ £
Trade debtors 161,941 93,003
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,199,990 1,199,171
Other debtors 63,801 87,428
1,425,732 1,379,602
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 52,542 63,404
Trade creditors 466,935 404,707
Amounts owed to group undertakings and undertakings in which the company has a participating interest 581,003 581,003
Other taxes and social security costs 9,587 9,587
Other creditors 279,966 279,004
1,390,033 1,337,705
6 Events after the reporting date
The director was not aware of any events after the reporting date which would materially affect the financial statements at the year end.
7 Pension commitments
The company had no pension commitments during the year.
8 Contingent liabilities
The director was not aware of the existence of any contingent liability at the year end.
9 Related party transactions
At the balance sheet date, included in other creditors / (debtors) were amounts owed to / (from) the director of £15,110 ((2022 - £10,932)).
During the year the company purchased goods to the value of £Nil and sold goods to the value of £Nil in the ordinary course of business and at arm's length prices to Air Services Macedonia Ltd (registered in Macedonia), a company in which Mr D Greenhalgh owns 100% of the issued share capital. Amounts due from Air Services Macedonia Ltd at the year end amounted to £1,199,990. Amounts due to Air Services Macedonia Ltd at the year end amounted to £581,003. Within the amounts due from Air Services Macedonia Ltd is a loan of £19,495.

During the year the company purchased goods to the value of £Nil and sold goods to the value of £Nil in the ordinary course of business and at arm's length prices to Air Services Sudan Ltd (registered in Sudan), a company in which Mr D Greenhalgh owns 80% of the issued share capital. Amounts due from Air Services Sudan Ltd at the year end amounted to £Nil.

During the year the company purchased goods to the value of £Nil and sold goods to the value of £Nil in the ordinary course of business and at arm's length prices to Air Services Hong Kong Ltd (registered in Hong Kong), a company in which Mr D Greenhalgh owns 100% of the issued share capital. Amounts due from Air Services Hong Kong Ltd at the year end amounted to £Nil.
10 Controlling party
The company for the entire year was under the control of the director Mr D Greenhalgh.
11 Other information
AIRSERVICES UK LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Office B11, Sutton Business Centre
Restmor Way
Wallington
Surrey
SM6 7AH
AIRSERVICES UK LIMITED 04090481 false 2022-11-01 2023-10-31 2023-10-31 VT Final Accounts April 2022 04090481 2021-11-01 2022-10-31 04090481 core:ShareCapital 2021-11-01 2022-10-31 04090481 core:SharePremium 2021-11-01 2022-10-31 04090481 core:OtherReservesSubtotal 2021-11-01 2022-10-31 04090481 core:WithinOneYear 2022-10-31 04090481 core:ShareCapital 2022-10-31 04090481 core:RetainedEarningsAccumulatedLosses 2022-10-31 04090481 2021-10-31 04090481 core:ShareCapital 2021-10-31 04090481 core:SharePremium 2021-10-31 04090481 core:OtherReservesSubtotal 2021-10-31 04090481 core:RetainedEarningsAccumulatedLosses 2021-10-31 04090481 2022-11-01 2023-10-31 04090481 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 04090481 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 04090481 bus:Director1 2022-11-01 2023-10-31 04090481 core:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 04090481 core:ShareCapital 2022-11-01 2023-10-31 04090481 core:SharePremium 2022-11-01 2023-10-31 04090481 core:OtherReservesSubtotal 2022-11-01 2023-10-31 04090481 1 2022-11-01 2023-10-31 04090481 2 2022-11-01 2023-10-31 04090481 core:Vehicles 2022-11-01 2023-10-31 04090481 1 2022-11-01 2023-10-31 04090481 countries:England 2022-11-01 2023-10-31 04090481 bus:FRS102 2022-11-01 2023-10-31 04090481 bus:FullAccounts 2022-11-01 2023-10-31 04090481 2023-10-31 04090481 core:WithinOneYear 2023-10-31 04090481 core:ShareCapital 2023-10-31 04090481 core:RetainedEarningsAccumulatedLosses 2023-10-31 04090481 core:SharePremium 2023-10-31 04090481 core:OtherReservesSubtotal 2023-10-31 04090481 core:Vehicles 2023-10-31 04090481 2022-10-31 04090481 core:SharePremium 2022-10-31 04090481 core:OtherReservesSubtotal 2022-10-31 04090481 core:Vehicles 2022-10-31 iso4217:GBP xbrli:pure