Registered number
12086539
Airplus Renewables Ltd
Filleted Accounts
31 July 2024
Airplus Renewables Ltd
Registered number: 12086539
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 6,272 6,418
Tangible assets 4 3,318 -
9,590 6,418
Creditors: amounts falling due within one year 5 (31,915) (24,790)
Net current liabilities (31,915) (24,790)
Net liabilities (22,325) (18,372)
Capital and reserves
Called up share capital 100 100
Profit and loss account (22,425) (18,472)
Shareholders' funds (22,325) (18,372)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jimishkumar Patel
Director
Approved by the board on 27 January 2025
Airplus Renewables Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Patent:
Cost
At 1 August 2023 6,418
Additions 184
At 31 July 2024 6,602
Amortisation
Provided during the year 330
At 31 July 2024 330
Net book value
At 31 July 2024 6,272
At 31 July 2023 6,418
Patent is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings
£
Cost
Additions 4,424
At 31 July 2024 4,424
Depreciation
Charge for the year 1,106
At 31 July 2024 1,106
Net book value
At 31 July 2024 3,318
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 420 -
Taxation and social security costs (VAT Refund) (4,297) -
Directors current account (JP) 33,902 24,790
Directors current account (DA) 1,890 -
31,915 24,790
6 Other information
Airplus Renewables Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 14 Century Building
Tower Street
Brunswick Business Park
Liverpool
L3 4BJ
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