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Company No: 12846938 (England and Wales)

AIRMED ASSISTANCE LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

AIRMED ASSISTANCE LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

AIRMED ASSISTANCE LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
AIRMED ASSISTANCE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTOR Glenn Michael Salt (Resigned 05 April 2023)
Andrew George Whitney
REGISTERED OFFICE Hangar 2 London Oxford Airport
Kidlington
OX5 1RA
England
United Kingdom
COMPANY NUMBER 12846938 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
AIRMED ASSISTANCE LIMITED

BALANCE SHEET

As at 31 December 2023
AIRMED ASSISTANCE LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Current assets
Stocks 3 230,000 200,000
Debtors 4 1,000 1,000
Cash at bank and in hand 5 156 24
231,156 201,024
Creditors: amounts falling due within one year 6 ( 224,226) ( 188,055)
Net current assets 6,930 12,969
Total assets less current liabilities 6,930 12,969
Net assets 6,930 12,969
Capital and reserves
Called-up share capital 7 1,000 1,000
Profit and loss account 5,930 11,969
Total shareholder's funds 6,930 12,969

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of AirMed Assistance Limited (registered number: 12846938) were approved and authorised for issue by the Director on 27 August 2024. They were signed on its behalf by:

Andrew George Whitney
Director
AIRMED ASSISTANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
AIRMED ASSISTANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

AirMed Assistance Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hangar 2 London Oxford Airport, Kidlington, OX5 1RA, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 4

3. Stocks

2023 2022
£ £
Work in progress 230,000 200,000

4. Debtors

2023 2022
£ £
Other debtors 1,000 1,000

5. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 156 24

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 9,186 10,260
Amounts owed to associates 211,518 170,442
Taxation and social security 1,244 5,166
Other creditors 2,278 2,187
224,226 188,055

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000