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REGISTERED NUMBER: 14240686 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

AIR SNOWDONIA LIMITED

AIR SNOWDONIA LIMITED (REGISTERED NUMBER: 14240686)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Report of the accountants 7

AIR SNOWDONIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: G G Dudding





REGISTERED OFFICE: 2 Llys Onnen
Ffordd y Llyn
Parc Menai
Bangor
Gwynedd
LL57 4DF





REGISTERED NUMBER: 14240686 (England and Wales)





ACCOUNTANTS: Fraser Wood Limited
Chartered Certified Accountants
2 Llys Onnen
Ffordd Y Llyn
Parc Menai
Bangor
Gwynedd
LL57 4DF

AIR SNOWDONIA LIMITED (REGISTERED NUMBER: 14240686)

BALANCE SHEET
31 JULY 2023

Notes £   
FIXED ASSETS
Intangible assets 4 10,800
Tangible assets 5 4,080
Investments 6 4
14,884

CURRENT ASSETS
Debtors 7 143,404
Cash at bank 3,690
147,094
CREDITORS
Amounts falling due within one year 8 (118,075 )
NET CURRENT ASSETS 29,019
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,903

PROVISIONS FOR LIABILITIES (775 )
NET ASSETS 43,128

CAPITAL AND RESERVES
Called up share capital 10
Retained earnings 43,118
SHAREHOLDERS' FUNDS 43,128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

AIR SNOWDONIA LIMITED (REGISTERED NUMBER: 14240686)

BALANCE SHEET - continued
31 JULY 2023


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 3 April 2024 and were signed by:





G G Dudding - Director


AIR SNOWDONIA LIMITED (REGISTERED NUMBER: 14240686)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Air Snowdonia Limited 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Air Snowdonia Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 balance sheet date.


AIR SNOWDONIA LIMITED (REGISTERED NUMBER: 14240686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 12,000
At 31 July 2023 12,000
AMORTISATION
Charge for year 1,200
At 31 July 2023 1,200
NET BOOK VALUE
At 31 July 2023 10,800

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 4,800
At 31 July 2023 4,800
DEPRECIATION
Charge for year 720
At 31 July 2023 720
NET BOOK VALUE
At 31 July 2023 4,080

AIR SNOWDONIA LIMITED (REGISTERED NUMBER: 14240686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
Additions 4
At 31 July 2023 4
NET BOOK VALUE
At 31 July 2023 4

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 143,008
Other debtors 396
143,404

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 11,326
Amounts owed to group undertakings 54,769
Taxation and social security 36,105
Other creditors 15,875
118,075

9. TRANSACTIONS WITH DIRECTORS

The directors loans £45 are included in creditors falling due within one year.

10. ULTIMATE CONTROLLING PARTY

The controlling party is G G Dudding.

AIR SNOWDONIA LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
AIR SNOWDONIA LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

As described on the Balance sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

In order to assist you to fulfil your duties under the Companies Act 2006 we have prepared for your approval the accounts of Air Snowdonia Limited for the year ended 31 July 2023 from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.






Fraser Wood Limited
Chartered Certified Accountants
2 Llys Onnen
Ffordd Y Llyn
Parc Menai
Bangor
Gwynedd
LL57 4DF


3 April 2024