Company Registration No. NI647832 (Northern Ireland)
Aeroblue Software Limited
Unaudited accounts
for the year ended 31 August 2024
Aeroblue Software Limited
Unaudited accounts
Contents
Aeroblue Software Limited
Company Information
for the year ended 31 August 2024
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
Aeroblue Software Limited
Statement of financial position
as at 31 August 2024
Tangible assets
16,805
4,307
Cash at bank and in hand
29,235
67,198
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)
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
Aeroblue Software Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
Expenditure on research and development is written off in the year in which it is incurred.
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.
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.
Aeroblue Software Limited
Notes to the Accounts
for the year ended 31 August 2024
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
Disposals
-
(1,128)
(1,128)
At 31 August 2024
26,629
-
26,629
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
At 31 August 2024
16,805
-
16,805
At 31 August 2023
4,307
-
4,307
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
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,000
6,000
Trade creditors
4,858
3,087
Taxes and social security
1,183
(4,491)
Other creditors
7,523
3,078
7
Creditors: amounts falling due after more than one year
2024
2023
Aeroblue Software Limited
Notes to the Accounts
for the year ended 31 August 2024
Allotted, called up and fully paid:
100 Ordinary shares 'A' of £1 each
100
100
100 Ordinary shares 'B' of £1 each
100
100
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.
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Average number of employees
During the year the average number of employees was 2 (2023: 2).