Company Registration No. 10736601 (England and Wales)
THIN AIR FABRICATIONS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
THIN AIR FABRICATIONS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
THIN AIR FABRICATIONS LTD
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,156,996
2,160,281
Current assets
Debtors
4
813,521
773,941
Cash at bank and in hand
532,158
48,130
1,345,679
822,071
Creditors: amounts falling due within one year
5
(292,167)
(151,626)
Net current assets
1,053,512
670,445
Total assets less current liabilities
3,210,508
2,830,726
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
3,210,408
2,830,626
Total equity
3,210,508
2,830,726
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 27 March 2025
.................
Damian Neary
Director
Company Registration No. 10736601
THIN AIR FABRICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information
Thin Air Fabrications Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 27 Old Gloucester Street, London, United Kingdom, WC1N 3AX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound (£).
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
20% Reducing Balance
Fixtures and fittings
25% Reducing Balance
Computers
25% Reducing Balance
Motor vehicles
25% Reducing Balance
2
Employees
2024
2023
Number
Number
Total
3
3
THIN AIR FABRICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 July 2023 and 30 June 2024
2,145,675
22,466
10,743
6,703
2,847
2,188,434
Depreciation
At 1 July 2023
15,148
6,072
4,987
1,946
28,153
Depreciation charged in the year
1,463
1,168
429
225
3,285
At 30 June 2024
16,611
7,240
5,416
2,171
31,438
Net Book Value
At 30 June 2024
2,145,675
5,855
3,503
1,287
676
2,156,996
At 30 June 2023
2,145,675
7,318
4,671
1,716
901
2,160,281
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
705,666
Other debtors
84,355
747,941
790,021
747,941
2024
2023
Amounts falling due after more than one year:
£
£
Other debtors
23,500
26,000
Total debtors
813,521
773,941
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
6,466
8,934
Trade creditors
46,240
10,141
Corporation tax
129,902
43,843
Other taxation and social security
103,309
82,708
Other creditors
6,250
6,000
292,167
151,626
THIN AIR FABRICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
6
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
100 of £1 each
100
100