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Registered number: 3193710
Edair Engineering Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Fairmans Accountants
61 Stanifield Lane
Farington
Leyland
PR25 4UD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 3193710
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 193 259
193 259
CURRENT ASSETS
Debtors 5 5,376 6,019
Cash at bank and in hand 2,796 10,322
8,172 16,341
Creditors: Amounts Falling Due Within One Year 6 (13,782 ) (17,748 )
NET CURRENT ASSETS (LIABILITIES) (5,610 ) (1,407 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,417 ) (1,148 )
Creditors: Amounts Falling Due After More Than One Year 7 (4,640 ) (6,960 )
NET LIABILITIES (10,057 ) (8,108 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (10,059 ) (8,110 )
SHAREHOLDERS' FUNDS (10,057) (8,108)
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Wareing
Director
24/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Edair Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 3193710 . The registered office is 61 Stanifield Lane, Farington, Leyland, Lancashire, PR25 4WF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% straight line
Motor Vehicles 15% straight line
Fixtures & Fittings 15% straight line
2.4. Taxation
Income tax expense represents the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 10,182 244 10,426
As at 31 May 2024 10,182 244 10,426
Depreciation
As at 1 June 2023 10,019 148 10,167
Provided during the period 29 37 66
As at 31 May 2024 10,048 185 10,233
Net Book Value
As at 31 May 2024 134 59 193
As at 1 June 2023 163 96 259
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,376 6,019
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,711 1,890
Bank loans and overdrafts 2,320 2,320
Corporation tax 3,757 5,193
Other taxes and social security 9 292
VAT 3,531 5,736
Other creditors 147 147
Accruals and deferred income 2,212 2,101
Director's loan account 95 69
13,782 17,748
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,640 6,960
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Michael Wareing 17,900 37,600
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