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Registered number: 05214605
Airtek Fan Solutions Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05214605
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,580 16,845
15,580 16,845
CURRENT ASSETS
Stocks 5 209,446 196,381
Debtors 6 454,112 284,979
Cash at bank and in hand 96 3,509
663,654 484,869
Creditors: Amounts Falling Due Within One Year 7 (531,443 ) (375,589 )
NET CURRENT ASSETS (LIABILITIES) 132,211 109,280
TOTAL ASSETS LESS CURRENT LIABILITIES 147,791 126,125
Creditors: Amounts Falling Due After More Than One Year 8 (74,663 ) (120,064 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,895 ) (4,211 )
NET ASSETS 69,233 1,850
CAPITAL AND RESERVES
Called up share capital 10 500 500
Capital redemption reserve 500 500
Profit and Loss Account 68,233 850
SHAREHOLDERS' FUNDS 69,233 1,850
Page 1
Page 2
For the year ending 30 September 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 Treliving
Director
27 February 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
Airtek Fan Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05214605 . The registered office is Unit 2 Ventura Centre, Upton Industrial Estate, Poole, Dorset, BH16 5SW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The Financial Statements are presented in £ sterling which is the functional currency of the company.
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 measured at cost less accumulated depreciation and any accumulated impairment losses. 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 25% reducing balance
Motor Vehicles 25% straight line
Fixtures & Fittings 20% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Financial Instruments
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 measured 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.

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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2023 60,122 11,300 26,059 97,481
Additions 3,765 - - 3,765
As at 30 September 2024 63,887 11,300 26,059 101,246
Depreciation
As at 1 October 2023 45,940 9,176 25,520 80,636
Provided during the period 4,364 531 135 5,030
As at 30 September 2024 50,304 9,707 25,655 85,666
Net Book Value
As at 30 September 2024 13,583 1,593 404 15,580
As at 1 October 2023 14,182 2,124 539 16,845
5. Stocks
2024 2023
£ £
Materials 209,446 196,381
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 365,908 115,211
Prepayments and accrued income 80,479 121,354
Other debtors 7,725 48,414
454,112 284,979
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 76,412 109,831
Bank loans and overdrafts 381,827 243,527
Other taxes and social security 67,977 20,231
Other creditors 3,027 -
Accruals and deferred income 2,200 2,000
531,443 375,589
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 74,663 120,064
9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are either secured by debenture over the company's assets, the company's book debts or by directors personal guarantee.
2024 2023
£ £
Bank loans and overdrafts 423,156 310,259
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 500 500
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 21,339 29,595
Later than one year and not later than five years 15,634 26,175
36,973 55,770
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