REGISTERED NUMBER: |
Airfi Networks UK Limited |
Financial Statements |
for the period |
1 January 2023 to 31 March 2024 |
REGISTERED NUMBER: |
Airfi Networks UK Limited |
Financial Statements |
for the period |
1 January 2023 to 31 March 2024 |
Airfi Networks UK Limited (Registered number: 09674366) |
Contents of the Financial Statements |
for the period 1 January 2023 to 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Airfi Networks UK Limited |
Company Information |
for the period 1 January 2023 to 31 March 2024 |
Directors: |
Registered office: |
Registered number: |
Airfi Networks UK Limited (Registered number: 09674366) |
Balance Sheet |
31 March 2024 |
2024 | 2022 |
Notes | $ | $ | $ | $ |
Fixed assets |
Investments | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 7 |
Share premium | 8 |
Capital redemption reserve | 8 |
Retained earnings | 8 | ( |
) | ( |
) |
Shareholders' funds |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Airfi Networks UK Limited (Registered number: 09674366) |
Notes to the Financial Statements |
for the period 1 January 2023 to 31 March 2024 |
1. | Statutory information |
Airfi Networks UK 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 General 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. |
The accounts are presented in US Dollars ($). |
Amounts in these financial statements are rounded to the nearest $. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Turnover represents amounts receivable for services provided in the year and is stated net of VAT. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into US Dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into US Dollars at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | Employees and directors |
The average number of employees during the period was |
4. | Fixed asset investments |
Shares in |
group |
undertakings |
$ |
Cost |
At 1 January 2023 |
and 31 March 2024 |
Net book value |
At 31 March 2024 |
At 31 December 2022 |
Airfi Networks UK Limited (Registered number: 09674366) |
Notes to the Financial Statements - continued |
for the period 1 January 2023 to 31 March 2024 |
5. | Debtors: amounts falling due within one year |
2024 | 2022 |
$ | $ |
Amounts owed by group undertakings |
Other debtors |
VAT |
Prepayments and accrued income |
6. | Creditors: amounts falling due within one year |
2024 | 2022 |
$ | $ |
Bank loans and overdrafts |
Other loans |
Trade creditors |
Social security and other taxes |
Other creditors |
Directors' current accounts | 221,341 | 155,086 |
Accruals and deferred income |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2022 |
value: | $ | $ |
Ordinary | £0.01 | 450 | 337 |
8. | Reserves |
Capital |
Retained | Share | redemption |
earnings | premium | reserve | Totals |
$ | $ | $ | $ |
At 1 January 2023 | ( |
) | 1,382,013 |
Deficit for the period | ( |
) | ( |
) |
Purchase of own shares | - | - | 20 | 20 |
Share issue | - | 2,489,407 | - | 2,489,407 |
Foreign exchange movements | (210,012 | ) | 288,841 | - | 78,829 |
At 31 March 2024 | ( |
) | 3,674,572 |