1 January 2024 false No description of principal activity Taxfiler 2024.6 NI072757business:PrivateLimitedCompanyLtd2024-01-012024-12-31 NI0727572023-12-31 NI0727572024-01-012024-12-31 NI072757business:AuditExemptWithAccountantsReport2024-01-012024-12-31 NI072757business:FilletedAccounts2024-01-012024-12-31 NI0727572024-12-31 NI072757business:Director12024-01-012024-12-31 NI072757business:Director22024-01-012024-12-31 NI072757business:Director32024-01-012024-12-31 NI072757business:Director42024-01-012024-12-31 NI072757business:Director52024-01-012024-12-31 NI072757business:Director62024-01-012024-12-31 NI072757business:Director72024-01-012024-12-31 NI072757business:RegisteredOffice2024-01-012024-12-31 NI0727572023-12-31 NI072757core:WithinOneYear2024-12-31 NI072757core:WithinOneYear2023-12-31 NI072757core:AfterOneYear2024-12-31 NI072757core:AfterOneYear2023-12-31 NI072757core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 NI072757core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 NI072757core:SharePremiumcore:PreviouslyStatedAmount2024-12-31 NI072757core:SharePremiumcore:PreviouslyStatedAmount2023-12-31 NI072757core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 NI072757core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 NI072757core:PreviouslyStatedAmount2024-12-31 NI072757core:PreviouslyStatedAmount2023-12-31 NI072757business:SmallEntities2024-01-012024-12-31 NI072757countries:NorthernIreland2024-01-012024-12-31 NI072757core:ComputerEquipment2024-01-012024-12-31 NI072757core:IntangibleAssetsOtherThanGoodwill2023-12-31 NI072757core:IntangibleAssetsOtherThanGoodwill2024-12-31 NI072757core:PlantMachinery2023-12-31 NI072757core:PlantMachinery2024-01-012024-12-31 NI072757core:PlantMachinery2024-12-31 NI0727572023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. NI072757 (Northern Ireland)
Airpos Limited Unaudited accounts for the year ended 31 December 2024
Airpos Limited Unaudited accounts Contents
Page
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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
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Airpos Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
2 
2 
Tangible assets
6,077 
7,880 
6,079 
7,882 
Current assets
Debtors
32,104 
7,104 
Cash at bank and in hand
9,204 
88,654 
41,308 
95,758 
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)
Capital and reserves
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
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Airpos Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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)
Pension costs
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.
Foreign exchange
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Intangible fixed assets
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.
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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
Financial instruments
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.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
359,151 
At 31 December 2024
359,151 
Amortisation
At 1 January 2024
359,149 
At 31 December 2024
359,149 
Net book value
At 31 December 2024
2 
At 31 December 2023
2 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2024
33,409 
Additions
199 
At 31 December 2024
33,608 
Depreciation
At 1 January 2024
25,529 
Charge for the year
2,002 
At 31 December 2024
27,531 
Net book value
At 31 December 2024
6,077 
At 31 December 2023
7,880 
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Airpos Limited Notes to the Accounts for the year ended 31 December 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
3,499 
Accrued income and prepayments
1,203 
3,605 
Other debtors
30,901 
- 
32,104 
7,104 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
11,817 
610 
VAT
2,012 
5,763 
Trade creditors
21,690 
55,155 
Taxes and social security
3,330 
31,289 
Other creditors
2,372 
2,176 
Accruals
10,368 
10,484 
Deferred income
8,962 
9,560 
60,551 
115,037 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,553 
24,129 
Other creditors
60,000 
- 
74,553 
24,129 
9
Average number of employees
During the year the average number of employees was 6 (2023: 10).
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