1 March 2023 false No description of principal activity Taxfiler 2024.5 07078388business:PrivateLimitedCompanyLtd2023-03-012024-02-29 070783882023-02-28 070783882023-03-012024-02-29 07078388business:AuditExemptWithAccountantsReport2023-03-012024-02-29 07078388business:FilletedAccounts2023-03-012024-02-29 070783882024-02-29 070783882023-02-28 07078388core:WithinOneYear2024-02-29 07078388core:WithinOneYear2023-02-28 07078388core:AfterOneYear2024-02-29 07078388core:AfterOneYear2023-02-28 07078388core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 07078388core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 07078388core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 07078388core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 07078388core:PreviouslyStatedAmount2024-02-29 07078388core:PreviouslyStatedAmount2023-02-28 07078388business:SmallEntities2023-03-012024-02-29 07078388business:Director12023-03-012024-02-29 07078388countries:EnglandWales2023-03-012024-02-29 07078388business:RegisteredOffice2023-03-012024-02-29 07078388core:PlantMachinery2023-03-012024-02-29 07078388core:MotorVehicles2023-03-012024-02-29 07078388core:PlantMachinery2023-02-28 07078388core:PlantMachinery2024-02-29 07078388business:OrdinaryShareClass12023-03-012024-02-29 07078388business:OrdinaryShareClass12022-03-012023-02-28 070783882022-03-012023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07078388 (England and Wales)
AIRSEAL SOLUTIONS LIMITED Unaudited accounts for the year ended 29 February 2024
AIRSEAL SOLUTIONS LIMITED Unaudited accounts Contents
Page
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AIRSEAL SOLUTIONS LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
40,612 
17,794 
Current assets
Debtors
- 
2,029 
Creditors: amounts falling due within one year
(18,997)
(9,376)
Net current liabilities
(18,997)
(7,347)
Total assets less current liabilities
21,615 
10,447 
Creditors: amounts falling due after more than one year
(30,631)
(9,287)
Net (liabilities)/assets
(9,016)
1,160 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(9,116)
1,060 
Shareholders' funds
(9,016)
1,160 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2024 and were signed on its behalf by
P Benstead Director Company Registration No. 07078388
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AIRSEAL SOLUTIONS LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
AIRSEAL SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07078388. The registered office is Briarhurst, 252 Southwell Road West, MANSFIELD, Nottinghamshire, NG18 4LB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% RB
Motor vehicles
25% RB
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
55,781 
Additions
34,454 
Disposals
(22,232)
At 29 February 2024
68,003 
Depreciation
At 1 March 2023
37,987 
Charge for the year
5,187 
On disposals
(15,783)
At 29 February 2024
27,391 
Net book value
At 29 February 2024
40,612 
At 28 February 2023
17,794 
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AIRSEAL SOLUTIONS LIMITED Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,029 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,787 
4,822 
Obligations under finance leases and hire purchase contracts
7,226 
1,382 
Trade creditors
2,756 
3,136 
Taxes and social security
814 
- 
Loans from directors
414 
36 
18,997 
9,376 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,340 
9,287 
Obligations under finance leases and hire purchase contracts
25,291 
- 
30,631 
9,287 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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