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Company Registration No. 12878874 (England and Wales)
Air Cover PR Limited Unaudited accounts for the year ended 31 March 2024
Air Cover PR Limited Unaudited accounts Contents
Page
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Air Cover PR Limited Company Information for the year ended 31 March 2024
Directors
Elaine Breckenridge James Staunton James Staunton Elaine Staunton
Company Number
12878874 (England and Wales)
Registered Office
Clockhouse Dogflud Way Farnham GU9 7UD England
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Air Cover PR Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
773 
8,054 
Current assets
Debtors
5,417 
47,384 
Cash at bank and in hand
14,312 
40,661 
19,729 
88,045 
Creditors: amounts falling due within one year
(4,162)
(57,208)
Net current assets
15,567 
30,837 
Total assets less current liabilities
16,340 
38,891 
Provisions for liabilities
Deferred tax
(1,323)
(2,134)
Net assets
15,017 
36,757 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
15,016 
36,756 
Shareholders' funds
15,017 
36,757 
For the year ending 31 March 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 18 October 2024 and were signed on its behalf by
James Staunton Director Company Registration No. 12878874
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Air Cover PR Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Air Cover PR Limited is a private company, limited by shares, registered in England and Wales, registration number 12878874. The registered office is Clockhouse, Dogflud Way , Farnham, GU9 7UD, England.
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
These financial statements comply with Financial Reporting Standard 102 Section 1A.
Turnover
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services. Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time.
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
three years
Motor vehicles
three years
Computer equipment
three years
Pension costs
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in independently administered funds. The pension costs charge represents contributions payable for the period by the company to the fund.
Deferred taxation
Deferred tax has been provided in full in respect of taxation deferred by timing differences (including fair value adjustments) between the treatment of certain items for taxation and accounting purposes except that a deferred tax asset is only recognised to the extent that it is recoverable. Deferred tax is measured using the tax rate that is expected to apply in the periods in which the timing differences are expected to reverse.
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Air Cover PR Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
4,392 
23,728 
664 
28,784 
At 31 March 2024
4,392 
23,728 
664 
28,784 
Depreciation
At 1 April 2023
2,625 
17,795 
310 
20,730 
Charge for the year
1,127 
5,932 
222 
7,281 
At 31 March 2024
3,752 
23,727 
532 
28,011 
Net book value
At 31 March 2024
640 
1 
132 
773 
At 31 March 2023
1,767 
5,933 
354 
8,054 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,363 
46,056 
Accrued income and prepayments
2,054 
1,328 
5,417 
47,384 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
16,268 
Trade creditors
111 
251 
Taxes and social security
2,074 
35,306 
Other creditors
1,430 
1,375 
Loans from directors
547 
- 
Deferred income
- 
4,008 
4,162 
57,208 
7
Transactions with related parties
There were no material transactions with directors and shareholders that were not conducted under normal market conditions.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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