1 September 2023 false No description of principal activity Taxfiler 2024.6 NI647832business:PrivateLimitedCompanyLtd2023-09-012024-08-31 NI6478322023-08-31 NI6478322023-09-012024-08-31 NI647832business:AuditExemptWithAccountantsReport2023-09-012024-08-31 NI647832business:FilletedAccounts2023-09-012024-08-31 NI6478322024-08-31 NI647832business:Director12023-09-012024-08-31 NI647832business:RegisteredOffice2023-09-012024-08-31 NI6478322023-08-31 NI647832core:WithinOneYear2024-08-31 NI647832core:WithinOneYear2023-08-31 NI647832core:AfterOneYear2024-08-31 NI647832core:AfterOneYear2023-08-31 NI647832core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 NI647832core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 NI647832core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 NI647832core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 NI647832core:PreviouslyStatedAmount2024-08-31 NI647832core:PreviouslyStatedAmount2023-08-31 NI647832business:SmallEntities2023-09-012024-08-31 NI647832countries:NorthernIreland2023-09-012024-08-31 NI647832core:PlantMachinery2023-09-012024-08-31 NI647832core:PlantMachinery2023-08-31 NI647832core:MotorVehicles2023-08-31 NI647832core:MotorVehicles2023-09-012024-08-31 NI647832core:PlantMachinery2024-08-31 NI647832core:MotorVehicles2024-08-31 NI647832business:OrdinaryShareClass12023-09-012024-08-31 NI647832business:OrdinaryShareClass12022-09-012023-08-31 NI647832business:OrdinaryShareClass22023-09-012024-08-31 NI647832business:OrdinaryShareClass22022-09-012023-08-31 NI647832business:AllOrdinaryShares2023-09-012024-08-31 NI647832business:AllOrdinaryShares2022-09-012023-08-31 NI6478322022-09-012023-08-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. NI647832 (Northern Ireland)
Aeroblue Software Limited Unaudited accounts for the year ended 31 August 2024
Aeroblue Software Limited Unaudited accounts Contents
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Aeroblue Software Limited Company Information for the year ended 31 August 2024
Director
WJ McDevitt
Company Number
NI647832 (Northern Ireland)
Registered Office
The Innovation Centre Bay Road Derry BT48 7TG Northern Ireland
Accountants
Satori Accounting 11 Orchard Business Park Pennyburn Industrial Estate Derry Northern Ireland BT48 0LU
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Aeroblue Software Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,805 
4,307 
Current assets
Debtors
21,676 
45,538 
Cash at bank and in hand
29,235 
67,198 
50,911 
112,736 
Creditors: amounts falling due within one year
(23,020)
(19,539)
Net current assets
27,891 
93,197 
Total assets less current liabilities
44,696 
97,504 
Creditors: amounts falling due after more than one year
(16,553)
(16,000)
Net assets
28,143 
81,504 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
27,943 
81,304 
Shareholders' funds
28,143 
81,504 
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 1 November 2024 and were signed on its behalf by
WJ McDevitt Director Company Registration No. NI647832
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Aeroblue Software Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Aeroblue Software Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI647832. The registered office is The Innovation Centre, Bay Road, Derry, BT48 7TG, Northern Ireland.
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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
Office Equipment: 25% straight line, Demo Units: 33% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Aeroblue Software Limited Notes to the Accounts for the year ended 31 August 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
11,540 
1,128 
12,668 
Additions
15,089 
- 
15,089 
Disposals
- 
(1,128)
(1,128)
At 31 August 2024
26,629 
- 
26,629 
Depreciation
At 1 September 2023
7,233 
1,128 
8,361 
Charge for the year
2,591 
- 
2,591 
On disposals
- 
(1,128)
(1,128)
At 31 August 2024
9,824 
- 
9,824 
Net book value
At 31 August 2024
16,805 
- 
16,805 
At 31 August 2023
4,307 
- 
4,307 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,920 
32,697 
Accrued income and prepayments
1,290 
634 
Other debtors
14,466 
12,207 
21,676 
45,538 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,000 
6,000 
VAT
847 
11,865 
Trade creditors
4,858 
3,087 
Taxes and social security
1,183 
(4,491)
Other creditors
7,523 
3,078 
Deferred income
2,609 
- 
23,020 
19,539 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,552 
16,000 
Deferred income
5,001 
- 
16,553 
16,000 
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Aeroblue Software Limited Notes to the Accounts for the year ended 31 August 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares 'A' of £1 each
100 
100 
100 Ordinary shares 'B' of £1 each
100 
100 
200 
200 
9
Transactions with related parties
During the year, the following transactions took place between the director and the company: - Funds withdrawn by director = £5,776 - Funds repaid by director = £5,000 - Dividends declared = £6,500 - Expenses paid by directors on behalf of company = £40 - Interest charged by company = £196 The amount owed by the director at the year-end date was £6,639. This is included in debtors at note 5.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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