Registered number
04082995
AIRTECH (LONDON) LTD
Filleted Accounts
31 January 2024
AIRTECH (LONDON) LTD
Registered number: 04082995
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,024 1,205
Current assets
Stocks 44,126 44,920
Debtors 4 2,783 4,760
Cash at bank and in hand 24,927 2,028
71,836 51,708
Creditors: amounts falling due within one year 5 (58,856) (39,727)
Net current assets 12,980 11,981
Net assets 14,004 13,186
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 13,004 12,186
Shareholder's funds 14,004 13,186
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kamaran Siddik
Director
Approved by the board on 28 October 2024
AIRTECH (LONDON) LTD
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
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:
Plant and machinery 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 5,200
At 31 January 2024 5,200
Depreciation
At 1 February 2023 3,995
Charge for the year 181
At 31 January 2024 4,176
Net book value
At 31 January 2024 1,024
At 31 January 2023 1,205
4 Debtors 2024 2023
£ £
Other debtors 2,783 4,760
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 23,557 14,493
Other taxes and social security costs 674 420
Other creditors 34,625 24,814
58,856 39,727
6 Other information
AIRTECH (LONDON) LTD is a private company limited by shares and incorporated in England. Its registered office is:
31
Sudbury Court Road
Harrow
Middlesex
HA1 3SD
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