AIRSHIP INTERACTIVE LTD

Company Registration Number:
07133720 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

AIRSHIP INTERACTIVE LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

AIRSHIP INTERACTIVE LTD

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 1,667 5,667
Tangible assets: 4 202,867 254,513
Total fixed assets: 204,534 260,180
Current assets
Debtors: 5 1,184,906 1,101,214
Cash at bank and in hand: 993,100 408,008
Total current assets: 2,178,006 1,509,222
Creditors: amounts falling due within one year: 6 (1,783,901) (672,526)
Net current assets (liabilities): 394,105 836,696
Total assets less current liabilities: 598,639 1,096,876
Creditors: amounts falling due after more than one year: 7 (293,176) (473,770)
Total net assets (liabilities): 305,463 623,106
Capital and reserves
Called up share capital: 200 200
Profit and loss account: 305,263 622,906
Shareholders funds: 305,463 623,106

The notes form part of these financial statements

AIRSHIP INTERACTIVE LTD

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 October 2024
and signed on behalf of the board by:

Name: JOSEPH HARFORD
Status: Director

The notes form part of these financial statements

AIRSHIP INTERACTIVE LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs and amounts invoiced to date, with suitable work in progress or deferred income adjustments then booked.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life as follows: Freehold buildings - over 50 years Leasehold land and buildings - over the lease term Plant and machinery - over 5 years Fixtures, fittings and equipment - over 5 years

Intangible fixed assets and amortisation policy

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. The cost of the website is being written off over its estimated useful economic life of 5 years.

Other accounting policies

Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. An adjustment is made to the current tax liability for estimates of available R&D tax relief. A s455 Director's Loan tax liability has been assessed and included. 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. Currently no derivative or hedging instruments are used to manage currency risk. Pensions Contributions to defined contribution plans are expensed in the period to which they relate.

AIRSHIP INTERACTIVE LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 70 73

The average salary cost per employee (excluding directors) for the financial year to January 31st 2024 was £40,752. In the prior year it was £35,959.

AIRSHIP INTERACTIVE LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Intangible Assets

Total
Cost £
At 01 February 2023 12,000
At 31 January 2024 12,000
Amortisation
At 01 February 2023 6,333
Charge for year 4,000
At 31 January 2024 10,333
Net book value
At 31 January 2024 1,667
At 31 January 2023 5,667

AIRSHIP INTERACTIVE LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible Assets

Total
Cost £
At 01 February 2023 436,241
Additions 27,427
At 31 January 2024 463,668
Depreciation
At 01 February 2023 181,728
Charge for year 79,073
At 31 January 2024 260,801
Net book value
At 31 January 2024 202,867
At 31 January 2023 254,513

AIRSHIP INTERACTIVE LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 77,950 0

The debtors due within one year balance of £1,106,956 includes trade debtors £504,465, accrued income £208,715, prepayments £132,708, directors loans £257,701 and sundry £3,367. The debtor due after more than one year relates to the s455 corporation tax receivable from HMRC, repayable upon the settlement of the directors loans.

AIRSHIP INTERACTIVE LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Creditors: amounts falling due within one year note

Creditors falling due within one year are comprised of: Loans - £348,868 Trade creditors - £404,974 Taxation and social security - £156,226 Deferred income - £786,179 Pensions - £9,704 s455 Corporation tax liability - £77,960

AIRSHIP INTERACTIVE LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

7. Creditors: amounts falling due after more than one year note

Creditors falling due after more than one year comprise of: Loans - £293,176