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Registered number: 10714671
Airsense Mechanical Services Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10714671
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 175,435 61,997
175,435 61,997
CURRENT ASSETS
Stocks 5 89,453 31,569
Debtors 6 233,655 183,727
Cash at bank and in hand 354,612 312,822
677,720 528,118
Creditors: Amounts Falling Due Within One Year 7 (441,626 ) (215,220 )
NET CURRENT ASSETS (LIABILITIES) 236,094 312,898
TOTAL ASSETS LESS CURRENT LIABILITIES 411,529 374,895
Creditors: Amounts Falling Due After More Than One Year 8 (32,341 ) (36,486 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,779 ) (11,779 )
NET ASSETS 362,409 326,630
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 362,309 326,530
SHAREHOLDERS' FUNDS 362,409 326,630
Page 1
Page 2
For the year ending 30 April 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Thomas Spooner
Director
07/11/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Airsense Mechanical Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10714671 . The registered office is The Old Barn, Wood Street, Swanley Village, Kent, BR8 7PA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold NIL
Plant & Machinery 15% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 4)
6 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 - 65,002 1,200 12,691 78,893
Additions 108,317 16,699 - 5,664 130,680
Disposals - (202 ) (1,200 ) (7,183 ) (8,585 )
As at 30 April 2024 108,317 81,499 - 11,172 200,988
Depreciation
As at 1 May 2023 - 12,069 197 4,630 16,896
Provided during the period - 10,423 - 1,423 11,846
Disposals - (56 ) (197 ) (2,936 ) (3,189 )
As at 30 April 2024 - 22,436 - 3,117 25,553
Net Book Value
As at 30 April 2024 108,317 59,063 - 8,055 175,435
As at 1 May 2023 - 52,933 1,003 8,061 61,997
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5. Stocks
2024 2023
£ £
Work in progress 89,453 31,569
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 209,082 164,180
Prepayments and accrued income - 1,087
Other debtors 540 396
VAT 24,033 18,064
233,655 183,727
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,100 4,100
Trade creditors 341,253 156,474
Corporation tax 75,987 39,228
Other taxes and social security 10,136 11,669
Other creditors 10,048 2,911
Directors' loan accounts 102 838
441,626 215,220
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 32,341 36,486
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,100 4,100
Later than one year and not later than five years 32,341 36,486
36,441 40,586
36,441 40,586
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
Included in the Other Debtors is an amount owed from Airsense Building Services Ltd totalling £540 (2023 - £396), for which Mr T Spooner is a director. No interest is to be charged and no repayment terms have been agreed.
Included in the Other Creditors is an amount owed to the company director Mr T Spooner totalling £102 (2023 - £838), no interest is to be charged.
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