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REGISTERED NUMBER: 03103799 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Airway Solutions Limited

Airway Solutions Limited (Registered number: 03103799)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Airway Solutions Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs L Bearsley
L Darbyshire





REGISTERED OFFICE: Unit 8, Woodway Court
Thursby Road
Croft Business Park
Bromborough
WIRRAL
CH62 3PR





REGISTERED NUMBER: 03103799 (England and Wales)





ACCOUNTANTS: Johnstone Howell & Co
104 Whitby Road
Ellesmere Port
Cheshire
CH65 0AB

Airway Solutions Limited (Registered number: 03103799)

Balance Sheet
31 January 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 67,404 26,137

CURRENT ASSETS
Stocks 12,000 12,000
Debtors 5 622,199 522,007
Cash at bank and in hand 1,788,572 849,572
2,422,771 1,383,579
CREDITORS
Amounts falling due within one year 6 1,528,343 583,199
NET CURRENT ASSETS 894,428 800,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

961,832

826,517

PROVISIONS FOR LIABILITIES 8 16,851 6,534
NET ASSETS 944,981 819,983

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 944,881 819,883
SHAREHOLDERS' FUNDS 944,981 819,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Airway Solutions Limited (Registered number: 03103799)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 16 July 2024 and were signed on its behalf by:




Mrs L Bearsley - Director



L Darbyshire - Director


Airway Solutions Limited (Registered number: 03103799)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Airway Solutions 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 Company 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Airway Solutions Limited (Registered number: 03103799)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 February 2023 8,120 45,430 129,533 14,564 197,647
Additions - - 74,900 522 75,422
Disposals - - (36,900 ) - (36,900 )
At 31 January 2024 8,120 45,430 167,533 15,086 236,169
DEPRECIATION
At 1 February 2023 8,116 43,544 106,556 13,294 171,510
Charge for year - 235 32,993 924 34,152
Eliminated on disposal - - (36,897 ) - (36,897 )
At 31 January 2024 8,116 43,779 102,652 14,218 168,765
NET BOOK VALUE
At 31 January 2024 4 1,651 64,881 868 67,404
At 31 January 2023 4 1,886 22,977 1,270 26,137

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 578,198 486,740
Amounts owed by group undertakings - 1,857
Other debtors 41,994 31,188
Prepayments 2,007 2,222
622,199 522,007

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 704,160 307,206
Amounts owed to group undertakings 402,829 -
Tax 298,773 124,581
Social security and other taxes 23,695 17,054
VAT 38,605 78,328
Other creditors 31,320 32,520
Sundry creditors and accruals 28,961 23,510
1,528,343 583,199

Airway Solutions Limited (Registered number: 03103799)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 22,042 -
Between one and five years 72,833 -
94,875 -

8. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 16,851 6,534

Deferred tax
£
Balance at 1 February 2023 6,534
Accelerated capital allowances 10,317
Balance at 31 January 2024 16,851

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£

At 1 February 2023 819,883
Profit for the year 974,998
Dividends (850,000 )
At 31 January 2024 944,881

11. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Leesa Holdings Limited (registered in England and Wales). The registered office of the parent undertaking is Unit 8, Woodway Court, Thursby Road, Croft Business Park,
Bromborough, Wirral, CH62 3PR.