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REGISTERED NUMBER: 02361662 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30th June 2024

for

Air Industrial Company Ltd.

Air Industrial Company Ltd. (Registered number: 02361662)






Contents of the Financial Statements
for the year ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Air Industrial Company Ltd.

Company Information
for the year ended 30th June 2024







DIRECTORS: Ms. S E Weaver
R E Weaver
J G Weaver





SECRETARY: R E Weaver





REGISTERED OFFICE: 12b Sun Street
Waltham Abbey
Essex
EN9 1EE





REGISTERED NUMBER: 02361662 (England and Wales)





ACCOUNTANTS: Apple Accounting Services Ltd
Chartered Management Accountants
12b Sun Street
Waltham Abbey
Essex
EN9 1EE

Air Industrial Company Ltd. (Registered number: 02361662)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,081 28,522

CURRENT ASSETS
Stocks 456,714 442,491
Debtors 5 170,869 213,736
Cash at bank 173,635 223,890
801,218 880,117
CREDITORS
Amounts falling due within one year 6 212,203 212,719
NET CURRENT ASSETS 589,015 667,398
TOTAL ASSETS LESS CURRENT
LIABILITIES

615,096

695,920

PROVISIONS FOR LIABILITIES - 7,130
NET ASSETS 615,096 688,790

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 614,996 688,690
SHAREHOLDERS' FUNDS 615,096 688,790

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

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

Air Industrial Company Ltd. (Registered number: 02361662)

Balance Sheet - continued
30th June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th February 2025 and were signed on its behalf by:





R E Weaver - Director


Air Industrial Company Ltd. (Registered number: 02361662)

Notes to the Financial Statements
for the year ended 30th June 2024

1. STATUTORY INFORMATION

Air Industrial Company Ltd. 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.

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 etc - 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 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 balance sheet date.

Deferred tax
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 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Air Industrial Company Ltd. (Registered number: 02361662)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2023 93,031
Additions 18,064
Disposals (15,750 )
At 30th June 2024 95,345
DEPRECIATION
At 1st July 2023 64,509
Charge for year 8,693
Eliminated on disposal (3,938 )
At 30th June 2024 69,264
NET BOOK VALUE
At 30th June 2024 26,081
At 30th June 2023 28,522

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 109,718 143,863
Other debtors 61,151 69,873
170,869 213,736

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 114,025 101,273
Taxation and social security 34,224 50,945
Other creditors 63,954 60,501
212,203 212,719

7. ULTIMATE CONTROLLING PARTY

The controlling party is Renadale Holdings Ltd.

The ultimate controlling party is R E Weaver.