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REGISTERED NUMBER: SC548170 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

All Air Tech Limited

All Air Tech Limited (Registered number: SC548170)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


All Air Tech Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs A E Strath
Mr M J Strath





REGISTERED OFFICE: 11 Meadowview Road
Turriff
Aberdeenshire
AB53 4WJ





REGISTERED NUMBER: SC548170 (Scotland)





ACCOUNTANTS: SBP
Accountants
9 Carmelite Street
Banff
Aberdeenshire
AB45 1AF

All Air Tech Limited (Registered number: SC548170)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,444 20,388

CURRENT ASSETS
Debtors 5 31,460 38,543
Cash at bank 7,761 11,876
39,221 50,419
CREDITORS
Amounts falling due within one year 6 43,558 52,295
NET CURRENT LIABILITIES (4,337 ) (1,876 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,107

18,512

CREDITORS
Amounts falling due after more than one year 7 - (14,438 )

PROVISIONS FOR LIABILITIES (3,124 ) (3,874 )
NET ASSETS 8,983 200

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,883 100
SHAREHOLDERS' FUNDS 8,983 200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

All Air Tech Limited (Registered number: SC548170)

Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





Mr M J Strath - Director


All Air Tech Limited (Registered number: SC548170)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

All Air Tech Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

All Air Tech Limited (Registered number: SC548170)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 2,924 24,812 4,745 32,481
Additions - 20,000 - 20,000
Disposals - (24,812 ) - (24,812 )
At 31 October 2023 2,924 20,000 4,745 27,669
DEPRECIATION
At 1 November 2022 1,119 6,671 4,303 12,093
Charge for year 361 5,000 442 5,803
Eliminated on disposal - (6,671 ) - (6,671 )
At 31 October 2023 1,480 5,000 4,745 11,225
NET BOOK VALUE
At 31 October 2023 1,444 15,000 - 16,444
At 31 October 2022 1,805 18,141 442 20,388

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022 23,995
Disposals (23,995 )
At 31 October 2023 -
DEPRECIATION
At 1 November 2022 5,999
Eliminated on disposal (5,999 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 17,996

All Air Tech Limited (Registered number: SC548170)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 24,537 11,294
Other debtors 6,793 6,793
Directors' current accounts - 20,125
Prepayments 130 331
31,460 38,543

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other loans 11,945 13,611
Hire purchase contracts - 5,775
Trade creditors 3,849 -
Tax 20,758 26,209
Social security and other taxes 81 1
VAT 1,647 4,830
Other creditors 701 -
Directors' current accounts 2,831 -
Accrued expenses 1,746 1,869
43,558 52,295

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts - 14,438

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors operated a current account with the company. At 31 October 2023 the balance due to the directors by the company amounted to £2,832 (2022 - £20,126 was owed to the company). There are no specific terms of repayment and no interest is accrued.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr & Mrs Strath.