Company registration number: 10828225
Unaudited financial statements
for the year ended 30 April 2024
for
Airbox Fulfilment Ltd
Pages for filing with the Registrar
Company registration number: 10828225
Airbox Fulfilment Ltd
Balance sheet
as at 30 April 2024
30 Apr 24 30 Apr 23
Note £ £ £ £
Fixed assets
Tangible assets 4 2,206,249 2,405,485
2,206,249 2,405,485
Current assets
Debtors 3,515,373 2,693,814
Cash at bank and in hand 326,332 17,439
3,841,705 2,711,253
Creditors: amounts falling due within
one year
(3,638,265) (3,054,031)
Net current assets/(liabilities) 203,440 (342,778)
Total assets less current liabilities 2,409,689 2,062,707
Creditors: Amounts falling due after
more than one year
5 (1,594,496) (2,185,063)
Provisions for liabilities 271,161 313,363
NET ASSETS 1,086,354 191,007
Capital and reserves
Called up share capital 6,310 4,100
Share premium account 866,915 -
Profit and loss account 213,129 186,907
TOTAL EQUITY 1,086,354 191,007
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 April 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10828225
Airbox Fulfilment Ltd
Balance sheet - continued
as at 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 31 January 2025 and signed on its behalf by:
Mr P Sheedy, Director
31 January 2025
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Airbox Fulfilment Ltd
Notes to the financial statements
for the year ended 30 April 2024
1 Company information
Airbox Fulfilment Ltd is a private company registered in England and Wales. Its registered number is 10828225. The company is limited by shares. Its registered office is Unit 5 Communication Park Steyning Way, Green Lane, Hounslow, TW4 6DL.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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.
Land and buildings:
Freehold property - 3% straight line
Short leasehold property - 2% straight line
Plant and machinery etc.:
Plant and machinery - 25% straight line
Fixtures & fittings - 25% straight line
Motor vehicles - 25% reducing balance
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Airbox Fulfilment Ltd
Notes to the financial statements - continued
for the year ended 30 April 2024
2 Accounting policies - continued
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.



Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably 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 lossover the relevant period. The capital element of the future payments is treated as a liability.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
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Airbox Fulfilment Ltd
Notes to the financial statements - continued
for the year ended 30 April 2024
3 Average number of employees
During the year the average number of employees was 79 (2023 - 60).
4 Tangible fixed assets
Land and
buildings
Plant and
machinery
etc.
Totals
£ £ £
Cost
At 1 May 2023 1,711,605 1,337,139 3,048,744
Additions 26,514 165,768 192,282
Disposals - (127,499) (127,499)
At 30 April 2024 1,738,119 1,375,408 3,113,527
Depreciation
At 1 May 2023 30,927 612,332 643,259
Charge for year 34,504 307,954 342,458
Eliminated on disposal - (78,439) (78,439)
At 30 April 2024 65,431 841,847 907,278
Net book value
At 30 April 2024 1,672,688 533,561 2,206,249
At 30 April 2023 1,680,678 724,807 2,405,485
5 Creditors: amounts falling due after more than five years
30 Apr 24 30 Apr 23
£ £
Repayable by instalments
Hire purchase and finance leases 89,281 5,416
89,281 5,416
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Airbox Fulfilment Ltd
Notes to the financial statements - continued
for the year ended 30 April 2024
6 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the periods ended 30 April 2024 and 30 April 2023.
30 Apr 24 30 Apr 23
£ £
Mr Mark Christopher Burnap
Balance outstanding at start of year 12,324 21,123
Amounts advanced 32,051 30,910
Amounts repaid (47,952) (39,709)
Balance outstanding at end of year (3,577) 12,324
30 Apr 24 30 Apr 23
£ £
Mr Benjamin Michael Kent Smalley
Balance outstanding at start of year 26,351 29,372
Amounts advanced 39,500 31,910
Amounts repaid (43,020) (34,931)
Balance outstanding at end of year 22,831 26,351
30 Apr 24 30 Apr 23
£ £
Mr Jeremy Ziwen TAN
Balance outstanding at start of year 14,562 17,587
Amounts advanced 40,360 32,446
Amounts repaid (39,957) (35,470)
Balance outstanding at end of year 14,965 14,562
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