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REGISTERED NUMBER: 08893195 (England and Wales)










Financial Statements

for the Year Ended 31 March 2024

for

Airvision Uk Ltd

Airvision Uk Ltd (Registered number: 08893195)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Airvision Uk Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G Lowes





SECRETARY: Ms D E McLoughlin





REGISTERED OFFICE: Flat 2
3 Wells Walk
Ilkley
West Yorkshire
LS29 9LH





REGISTERED NUMBER: 08893195 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 4, 10/12 The Grove,
Ilkley
West Yorkshire
LS29 9EG

Airvision Uk Ltd (Registered number: 08893195)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,507 9,700

CURRENT ASSETS
Stocks 5,288 -
Debtors 5 616 6,585
Cash at bank 12,307 18,540
18,211 25,125
CREDITORS
Amounts falling due within one year 6 (14,771 ) (15,600 )
NET CURRENT ASSETS 3,440 9,525
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,947

19,225

CREDITORS
Amounts falling due after more than one year 7 (5,334 ) (9,373 )

PROVISIONS FOR LIABILITIES 9 (1,616 ) (1,843 )
NET ASSETS 4,997 8,009

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 4,897 7,909
SHAREHOLDERS' FUNDS 4,997 8,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Airvision Uk Ltd (Registered number: 08893195)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2024 and were signed by:





G Lowes - Director


Airvision Uk Ltd (Registered number: 08893195)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Airvision Uk Ltd is a private company, limited by shares , registered in England and Wales. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33.33% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 25% on cost

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Airvision Uk Ltd (Registered number: 08893195)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 2,040 10,436 4,672 17,148
DEPRECIATION
At 1 April 2023 1,990 886 4,572 7,448
Charge for year 50 1,044 99 1,193
At 31 March 2024 2,040 1,930 4,671 8,641
NET BOOK VALUE
At 31 March 2024 - 8,506 1 8,507
At 31 March 2023 50 9,550 100 9,700

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50 6,585
Prepayments 566 -
616 6,585

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 4,000 4,000
Trade creditors 1,176 5,241
Corporation tax 5,944 5,021
Social security and other tax 479 -
Directors' current accounts 2,241 501
Accrued expenses 931 837
14,771 15,600

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 5,334 9,373

Airvision Uk Ltd (Registered number: 08893195)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,000 4,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,000 8,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,334 1,373

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,616 1,843

Deferred
tax
£   
Balance at 1 April 2023 1,843
Provided during year (227 )
Deferred tax
Balance at 31 March 2024 1,616

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 April 2023 7,909
Profit for the year 24,188
Dividends (27,200 )
At 31 March 2024 4,897

Airvision Uk Ltd (Registered number: 08893195)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Dividends totalling £24,480 were paid to the director throughout the year ended 31st March 2024 (£26,190 - 2023). The Company owed the director £2,241 as at 31st March 2024 (£501- 2023).