2023-03-012024-02-292024-02-29false13937976AIRGEN IT LIMITED2024-09-13iso4217:GBPxbrli:pure139379762023-03-01139379762024-02-29139379762023-03-012024-02-29139379762022-02-24139379762023-02-28139379762022-02-242023-02-2813937976bus:SmallEntities2023-03-012024-02-2913937976bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2913937976bus:FullAccounts2023-03-012024-02-2913937976bus:PrivateLimitedCompanyLtd2023-03-012024-02-2913937976core:WithinOneYear2024-02-2913937976core:AfterOneYear2024-02-2913937976core:WithinOneYear2023-02-2813937976core:AfterOneYear2023-02-2813937976core:ShareCapital2024-02-2913937976core:SharePremium2024-02-2913937976core:RevaluationReserve2024-02-2913937976core:OtherReservesSubtotal2024-02-2913937976core:RetainedEarningsAccumulatedLosses2024-02-2913937976core:ShareCapital2023-02-2813937976core:SharePremium2023-02-2813937976core:RevaluationReserve2023-02-2813937976core:OtherReservesSubtotal2023-02-2813937976core:RetainedEarningsAccumulatedLosses2023-02-2813937976core:LandBuildings2024-02-2913937976core:PlantMachinery2024-02-2913937976core:Vehicles2024-02-2913937976core:FurnitureFittings2024-02-2913937976core:OfficeEquipment2024-02-2913937976core:NetGoodwill2024-02-2913937976core:IntangibleAssetsOtherThanGoodwill2024-02-2913937976core:ListedExchangeTraded2024-02-2913937976core:UnlistedNon-exchangeTraded2024-02-2913937976core:LandBuildings2023-02-2813937976core:PlantMachinery2023-02-2813937976core:Vehicles2023-02-2813937976core:FurnitureFittings2023-02-2813937976core:OfficeEquipment2023-02-2813937976core:NetGoodwill2023-02-2813937976core:IntangibleAssetsOtherThanGoodwill2023-02-2813937976core:ListedExchangeTraded2023-02-2813937976core:UnlistedNon-exchangeTraded2023-02-2813937976core:LandBuildings2023-03-012024-02-2913937976core:PlantMachinery2023-03-012024-02-2913937976core:Vehicles2023-03-012024-02-2913937976core:FurnitureFittings2023-03-012024-02-2913937976core:OfficeEquipment2023-03-012024-02-2913937976core:NetGoodwill2023-03-012024-02-2913937976core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2913937976core:ListedExchangeTraded2023-03-012024-02-2913937976core:UnlistedNon-exchangeTraded2023-03-012024-02-2913937976core:MoreThanFiveYears2023-03-012024-02-2913937976core:Non-currentFinancialInstruments2024-02-2913937976core:Non-currentFinancialInstruments2023-02-2813937976dpl:CostSales2023-03-012024-02-2913937976dpl:DistributionCosts2023-03-012024-02-2913937976core:LandBuildings2023-03-012024-02-2913937976core:PlantMachinery2023-03-012024-02-2913937976core:Vehicles2023-03-012024-02-2913937976core:FurnitureFittings2023-03-012024-02-2913937976core:OfficeEquipment2023-03-012024-02-2913937976dpl:AdministrativeExpenses2023-03-012024-02-2913937976core:NetGoodwill2023-03-012024-02-2913937976core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2913937976dpl:GroupUndertakings2023-03-012024-02-2913937976dpl:ParticipatingInterests2023-03-012024-02-2913937976dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2913937976core:ListedExchangeTraded2023-03-012024-02-2913937976dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2913937976core:UnlistedNon-exchangeTraded2023-03-012024-02-2913937976dpl:CostSales2022-02-242023-02-2813937976dpl:DistributionCosts2022-02-242023-02-2813937976core:LandBuildings2022-02-242023-02-2813937976core:PlantMachinery2022-02-242023-02-2813937976core:Vehicles2022-02-242023-02-2813937976core:FurnitureFittings2022-02-242023-02-2813937976core:OfficeEquipment2022-02-242023-02-2813937976dpl:AdministrativeExpenses2022-02-242023-02-2813937976core:NetGoodwill2022-02-242023-02-2813937976core:IntangibleAssetsOtherThanGoodwill2022-02-242023-02-2813937976dpl:GroupUndertakings2022-02-242023-02-2813937976dpl:ParticipatingInterests2022-02-242023-02-2813937976dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-242023-02-2813937976core:ListedExchangeTraded2022-02-242023-02-2813937976dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-242023-02-2813937976core:UnlistedNon-exchangeTraded2022-02-242023-02-2813937976core:NetGoodwill2024-02-2913937976core:IntangibleAssetsOtherThanGoodwill2024-02-2913937976core:LandBuildings2024-02-2913937976core:PlantMachinery2024-02-2913937976core:Vehicles2024-02-2913937976core:FurnitureFittings2024-02-2913937976core:OfficeEquipment2024-02-2913937976core:AfterOneYear2024-02-2913937976core:WithinOneYear2024-02-2913937976core:ListedExchangeTraded2024-02-2913937976core:UnlistedNon-exchangeTraded2024-02-2913937976core:ShareCapital2024-02-2913937976core:SharePremium2024-02-2913937976core:RevaluationReserve2024-02-2913937976core:OtherReservesSubtotal2024-02-2913937976core:RetainedEarningsAccumulatedLosses2024-02-2913937976core:NetGoodwill2023-02-2813937976core:IntangibleAssetsOtherThanGoodwill2023-02-2813937976core:LandBuildings2023-02-2813937976core:PlantMachinery2023-02-2813937976core:Vehicles2023-02-2813937976core:FurnitureFittings2023-02-2813937976core:OfficeEquipment2023-02-2813937976core:AfterOneYear2023-02-2813937976core:WithinOneYear2023-02-2813937976core:ListedExch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AIRGEN IT LIMITED

Registered Number
13937976
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

AIRGEN IT LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

WHITE, Benjamin

Registered Address

6 Edison Village
Nottingham Science & Technology Park
Nottingham
NG7 2RF

Registered Number

13937976 (England and Wales)
AIRGEN IT LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets321,28024,000
Tangible assets48,4773,043
29,75727,043
Current assets
Debtors511,5563,641
Cash at bank and on hand6,81414,114
18,37017,755
Creditors amounts falling due within one year6(17,791)(43,843)
Net current assets (liabilities)579(26,088)
Total assets less current liabilities30,336955
Net assets30,336955
Capital and reserves
Called up share capital100100
Profit and loss account30,236855
Shareholders' funds30,336955
The financial statements were approved and authorised for issue by the Director on 13 September 2024, and are signed on its behalf by:
WHITE, Benjamin
Director
Registered Company No. 13937976
AIRGEN IT LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
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.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Amortisation
Amortisation is charged on a 10% straight line basis.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year00
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 March 2326,60026,600
At 29 February 2426,60026,600
Amortisation and impairment
At 01 March 232,6002,600
Charge for year2,7202,720
At 29 February 245,3205,320
Net book value
At 29 February 2421,28021,280
At 28 February 2324,00024,000
4.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 March 233,2213,221
Additions6,8416,841
At 29 February 2410,06210,062
Depreciation and impairment
At 01 March 23178178
Charge for year1,4071,407
At 29 February 241,5851,585
Net book value
At 29 February 248,4778,477
At 28 February 233,0433,043
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables10,0562,141
Other debtors1,5001,500
Total11,5563,641
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables7,1504,144
Amounts owed to related parties1,25937,997
Taxation and social security9,382952
Accrued liabilities and deferred income-750
Total17,79143,843
7.Related party transactions
During the year interest free loans were made available to the business by directors b/f £37997 c/f £1,258.55