Company Registration No. NI072757 (Northern Ireland)
Airpos Limited
Unaudited accounts
for the year ended 31 December 2024
Airpos Limited
Unaudited accounts
Contents
Airpos Limited
Company Information
for the year ended 31 December 2024
Directors
J Tolland
M Neill
M Gill
J Ervine
P Rodgers
N Hamilton
G McColgan
Company Number
NI072757 (Northern Ireland)
Registered Office
Oh Yeah Music Centre
15-21 Gordon Street
Belfast
County Antrim
BT1 2LG
Northern Ireland
Accountants
Satori Accounting
11 Orchard Business Park
Pennyburn Industrial Estate
Derry
Northern Ireland
BT48 0LU
Airpos Limited
Statement of financial position
as at 31 December 2024
Tangible assets
6,077
7,880
Cash at bank and in hand
9,204
88,654
Creditors: amounts falling due within one year
(60,551)
(115,037)
Net current liabilities
(19,243)
(19,279)
Total assets less current liabilities
(13,164)
(11,397)
Creditors: amounts falling due after more than one year
(74,553)
(24,129)
Net liabilities
(87,717)
(35,526)
Called up share capital
703
703
Share premium
3,415,346
3,415,346
Profit and loss account
(3,503,766)
(3,451,575)
Shareholders' funds
(87,717)
(35,526)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by
M Neill
Director
Company Registration No. NI072757
Airpos Limited
Notes to the Accounts
for the year ended 31 December 2024
Airpos Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI072757. The registered office is Oh Yeah Music Centre, 15-21 Gordon Street, Belfast, County Antrim, BT1 2LG, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Turnover from software subscriptions is accounted for as follows:
(a) On a monthly basis (for monthly recurring revenue)
(b) On date of invoice (for annual recurring revenue)
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Expenditure on research and development is written off in the year in which it is incurred.
Intangible fixed assets consists of product development costs and are included at cost less accumulated amortisation. These costs are amortized to the Income Statement over 10 years on a striaght-line basis.
Airpos Limited
Notes to the Accounts
for the year ended 31 December 2024
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Intangible fixed assets
Other
At 31 December 2024
359,151
At 31 December 2024
359,149
5
Tangible fixed assets
Plant & machinery
At 31 December 2024
33,608
At 31 December 2024
27,531
Airpos Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Accrued income and prepayments
1,203
3,605
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
11,817
610
Trade creditors
21,690
55,155
Taxes and social security
3,330
31,289
Other creditors
2,372
2,176
Deferred income
8,962
9,560
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 6 (2023: 10).