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REGISTERED NUMBER: 03543911 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Airborne Support Limited

Airborne Support Limited (Registered number: 03543911)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Airborne Support Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: P J Neale





SECRETARY: Ms D L Moss





REGISTERED OFFICE: 102 Great Northern Road
Dunstable
Bedfordshire
LU5 4BT





REGISTERED NUMBER: 03543911 (England and Wales)





ACCOUNTANTS: Davies Archytas Accountants Ltd
14 The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST

Airborne Support Limited (Registered number: 03543911)

Abridged Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,913 1,593

CURRENT ASSETS
Stocks 276,845 87,925
Debtors 387,924 365,838
Cash at bank 9,427 355,665
674,196 809,428
CREDITORS
Amounts falling due within one year 67,126 115,874
NET CURRENT ASSETS 607,070 693,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

647,983

695,147

CREDITORS
Amounts falling due after more than one
year

(12,649

)

(18,506

)

PROVISIONS FOR LIABILITIES (7,773 ) (303 )
NET ASSETS 627,561 676,338

CAPITAL AND RESERVES
Called up share capital 6 4 4
Retained earnings 627,557 676,334
SHAREHOLDERS' FUNDS 627,561 676,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Airborne Support Limited (Registered number: 03543911)

Abridged Statement of Financial Position - continued
30 April 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 July 2024 and were signed by:





P J Neale - Director


Airborne Support Limited (Registered number: 03543911)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Airborne Support Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost and 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Airborne Support Limited (Registered number: 03543911)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 31,651
Additions 53,488
Disposals (18,545 )
At 30 April 2024 66,594
DEPRECIATION
At 1 May 2023 30,058
Charge for year 14,167
Eliminated on disposal (18,544 )
At 30 April 2024 25,681
NET BOOK VALUE
At 30 April 2024 40,913
At 30 April 2023 1,593

Airborne Support Limited (Registered number: 03543911)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Totals
£   
COST
At 1 May 2023 18,545
Disposals (18,545 )
At 30 April 2024 -
DEPRECIATION
At 1 May 2023 18,544
Eliminated on disposal (18,544 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 1

5. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,000 10,206

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,000 6,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 6,649 12,506

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
4 Ordinary £1 4 4

Airborne Support Limited (Registered number: 03543911)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 April 2024 and the period ended 30 April 2023:

30.4.24 30.4.23
£    £   
P J Neale
Balance outstanding at start of year 244,028 246,310
Amounts advanced 259,961 90,329
Amounts repaid (205,666 ) (92,611 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 298,323 244,028

8. ULTIMATE CONTROLLING PARTY

Throughout the financial year the controlling parties were the directors by virtue of their 100% ownership of the issued share capital of the company.