1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 13908629 2023-03-01 2024-02-29 13908629 2024-02-29 13908629 2023-02-28 13908629 2022-03-01 2023-02-28 13908629 2023-02-28 13908629 2022-02-28 13908629 core:PlantMachinery 2023-03-01 2024-02-29 13908629 core:MotorVehicles 2023-03-01 2024-02-29 13908629 bus:LeadAgentIfApplicable 2023-03-01 2024-02-29 13908629 bus:Director1 2023-03-01 2024-02-29 13908629 core:PlantMachinery 2023-02-28 13908629 core:MotorVehicles 2023-02-28 13908629 core:PlantMachinery 2024-02-29 13908629 core:MotorVehicles 2024-02-29 13908629 core:WithinOneYear 2024-02-29 13908629 core:WithinOneYear 2023-02-28 13908629 core:ShareCapital 2024-02-29 13908629 core:ShareCapital 2023-02-28 13908629 core:RetainedEarningsAccumulatedLosses 2024-02-29 13908629 core:RetainedEarningsAccumulatedLosses 2023-02-28 13908629 core:PlantMachinery 2023-02-28 13908629 core:MotorVehicles 2023-02-28 13908629 bus:Director1 2023-02-28 13908629 bus:Director1 2024-02-29 13908629 bus:Director1 2023-02-28 13908629 bus:Director1 2022-03-01 2023-02-28 13908629 bus:SmallEntities 2023-03-01 2024-02-29 13908629 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 13908629 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13908629 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13908629 bus:FullAccounts 2023-03-01 2024-02-29 13908629 core:OfficeEquipment 2023-03-01 2024-02-29 13908629 core:OfficeEquipment 2023-02-28 13908629 core:OfficeEquipment 2024-02-29
COMPANY REGISTRATION NUMBER: 13908629
Drone Air Solutions Limited
Filleted Unaudited Financial Statements
29 February 2024
Drone Air Solutions Limited
Financial Statements
Year Ended 29th February 2024
Contents
Page
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements
1
Statement of Financial Position
2
Notes to the Financial Statements
4
Drone Air Solutions Limited
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Drone Air Solutions Limited
Year Ended 29th February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Drone Air Solutions Limited for the year ended 29th February 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the director of Drone Air Solutions Limited in accordance with the terms of our engagement letter dated 1st January 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Drone Air Solutions Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Drone Air Solutions Limited and its director for our work or for this report.
It is your duty to ensure that Drone Air Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Drone Air Solutions Limited. You consider that Drone Air Solutions Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Drone Air Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
MJ GREEN ACCOUNTANCY SERVICES LTD Chartered Certified Accountants
Unit 10 Silver End Business Park Brettell Lane Brierley Hill West Midlands DY5 3LG
27 February 2025
Drone Air Solutions Limited
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
Fixed Assets
Tangible assets
5
19,553
14,185
Current Assets
Debtors
6
335
Cash at bank and in hand
2,059
1,763
-------
-------
2,394
1,763
Creditors: amounts falling due within one year
7
24,776
22,094
--------
--------
Net Current Liabilities
22,382
20,331
--------
--------
Total Assets Less Current Liabilities
( 2,829)
( 6,146)
-------
-------
Net Liabilities
( 2,829)
( 6,146)
-------
-------
Capital and Reserves
Called up share capital
1
1
Profit and loss account
( 2,830)
( 6,147)
-------
-------
Shareholders Deficit
( 2,829)
( 6,146)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 29th February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Drone Air Solutions Limited
Statement of Financial Position (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 27 February 2025 , and are signed on behalf of the board by:
J Handley
Director
Company registration number: 13908629
Drone Air Solutions Limited
Notes to the Financial Statements
Year Ended 29th February 2024
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 21 Burns Close, Stourbridge, West Midlands, DY8 4NF.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible Assets
Plant and machinery
Motor vehicles
Office equipment
Total
£
£
£
£
Cost
At 1st March 2023
6,413
11,311
1,189
18,913
Additions
6,195
5,690
11,885
--------
--------
-------
--------
At 29th February 2024
12,608
17,001
1,189
30,798
--------
--------
-------
--------
Depreciation
At 1st March 2023
1,603
2,828
297
4,728
Charge for the year
2,751
3,543
223
6,517
--------
--------
-------
--------
At 29th February 2024
4,354
6,371
520
11,245
--------
--------
-------
--------
Carrying amount
At 29th February 2024
8,254
10,630
669
19,553
--------
--------
-------
--------
At 28th February 2023
4,810
8,483
892
14,185
--------
--------
-------
--------
6. Debtors
2024
2023
£
£
Trade debtors
335
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,185
1,095
Other creditors
23,591
20,999
--------
--------
24,776
22,094
--------
--------
8. Director's Advances, Credits and Guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
J Handley
( 20,999)
( 2,970)
1,719
( 22,250)
--------
-------
-------
--------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
J Handley
( 20,999)
( 20,999)
----
--------
----
--------
The credits to the director were made on an interest free basis and are repayable on demand.