Silverfin false false 31/01/2024 01/02/2023 31/01/2024 M V Oprea 24/05/2024 07/01/2021 B D Orocz 29/07/2021 M S Riaz 07/01/2021 30 January 2025 The principal activity of the Company during the financial year was Plumbing, heat and air-conditioning installation. 13120014 2024-01-31 13120014 bus:Director1 2024-01-31 13120014 bus:Director2 2024-01-31 13120014 bus:Director3 2024-01-31 13120014 core:CurrentFinancialInstruments 2024-01-31 13120014 core:CurrentFinancialInstruments 2023-01-31 13120014 2023-01-31 13120014 core:ShareCapital 2024-01-31 13120014 core:ShareCapital 2023-01-31 13120014 core:RetainedEarningsAccumulatedLosses 2024-01-31 13120014 core:RetainedEarningsAccumulatedLosses 2023-01-31 13120014 bus:OrdinaryShareClass1 2024-01-31 13120014 2023-02-01 2024-01-31 13120014 bus:FilletedAccounts 2023-02-01 2024-01-31 13120014 bus:SmallEntities 2023-02-01 2024-01-31 13120014 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13120014 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13120014 bus:Director1 2023-02-01 2024-01-31 13120014 bus:Director2 2023-02-01 2024-01-31 13120014 bus:Director3 2023-02-01 2024-01-31 13120014 2022-02-01 2023-01-31 13120014 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 13120014 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 13120014 1 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13120014 (England and Wales)

AIR TECHNOLOGY PRODUCTS LTD

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

AIR TECHNOLOGY PRODUCTS LTD

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

AIR TECHNOLOGY PRODUCTS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 January 2024
AIR TECHNOLOGY PRODUCTS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 January 2024
Note 2024 2023
£ £
Current assets
Debtors 3 150 439
Cash at bank and in hand 4 3,430 1,864
3,580 2,303
Creditors: amounts falling due within one year 5 ( 4,915) ( 4,328)
Net current liabilities (1,335) (2,025)
Total assets less current liabilities (1,335) (2,025)
Net liabilities ( 1,335) ( 2,025)
Capital and reserves
Called-up share capital 6 150 150
Profit and loss account ( 1,485 ) ( 2,175 )
Total shareholders' deficit ( 1,335) ( 2,025)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Air Technology Products Ltd (registered number: 13120014) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

M S Riaz
Director

30 January 2025

AIR TECHNOLOGY PRODUCTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
AIR TECHNOLOGY PRODUCTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Air Technology Products Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements have been prepared on the going concern basis, which assumes that the Company will continue to trade for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements, and will be able to meet its debts is they fall due.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 3 3

3. Debtors

2024 2023
£ £
Trade debtors 0 288
Other debtors 150 151
150 439

4. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 3,430 1,864

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 815 978
Amounts owed to group undertakings 1,331 1,331
Other taxation and social security 331 809
Other creditors 2,438 1,210
4,915 4,328

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
150 Ordinary shares of £ 1.00 each 150 150

7. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the company since the financial year.