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REGISTERED NUMBER: 04736173 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

AIRTEC (UK) LTD

AIRTEC (UK) LTD (REGISTERED NUMBER: 04736173)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


AIRTEC (UK) LTD (REGISTERED NUMBER: 04736173)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,297 2,605

CURRENT ASSETS
Stocks 5 2,930 6,238
Debtors 6 14,365 7,851
Cash at bank 76,215 64,268
93,510 78,357
CREDITORS
Amounts falling due within one year 7 36,352 35,153
NET CURRENT ASSETS 57,158 43,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,455

45,809

PROVISIONS FOR LIABILITIES 573 493
NET ASSETS 58,882 45,316

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 58,782 45,216
SHAREHOLDERS' FUNDS 58,882 45,316

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 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.

AIRTEC (UK) LTD (REGISTERED NUMBER: 04736173)

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.

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 13 January 2025 and were signed on its behalf by:





A D Penfold - Director


AIRTEC (UK) LTD (REGISTERED NUMBER: 04736173)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Airtec (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04736173

Registered office: 23 Cedar Road
Hornchurch
Essex
RM12 4YL

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.
Plant and machinery - 25% 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 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 statement of financial position date.


AIRTEC (UK) LTD (REGISTERED NUMBER: 04736173)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023 19,037
Additions 458
At 30 April 2024 19,495
DEPRECIATION
At 1 May 2023 16,432
Charge for year 766
At 30 April 2024 17,198
NET BOOK VALUE
At 30 April 2024 2,297
At 30 April 2023 2,605

5. STOCKS
2024 2023
£    £   
Stocks 2,930 6,238

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,716 4,952
Other debtors 5,649 2,899
14,365 7,851

AIRTEC (UK) LTD (REGISTERED NUMBER: 04736173)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,733 9,099
Taxation and social security 10,333 8,686
Other creditors 19,286 17,368
36,352 35,153

8. CALLED UP SHARE CAPITAL

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

9. RESERVES
Retained
earnings
£   

At 1 May 2023 45,216
Profit for the year 43,566
Dividends (30,000 )
At 30 April 2024 58,782

10. RELATED PARTY DISCLOSURES

The company is controlled by A D Penfold, director, owning 50% of the issued ordinary share capital of the company and being the managing director.

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:


2024 2023
£    £   
Amounts owed by/(to) Directors (15,841 ) (14,801 )

The controlling party is A D Penfold.