Company registration number: 06967263
Unaudited financial statements
for the year ended 31 July 2024
for
P Airey Tail Lifts Limited
Pages for filing with the Registrar
Company registration number: 06967263
P Airey Tail Lifts Limited
Balance sheet
as at 31 July 2024
31 Jul 24 31 Jul 23
Note £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 27,065 34,531
27,065 34,531
Current assets
Debtors 78,985 39,770
Cash at bank and in hand 53,173 21,640
132,158 61,410
Creditors: amounts falling due within one
year
(64,900) (37,007)
Net current assets 67,258 24,403
Total assets less current liabilities 94,323 58,934
Creditors: Amounts falling due after more
than one year
6 (16,206) (17,051)
NET ASSETS 78,117 41,883
Capital and reserves
Called up share capital 104 104
Profit and loss account 78,013 41,779
TOTAL EQUITY 78,117 41,883
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 July 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 06967263
P Airey Tail Lifts Limited
Balance sheet - continued
as at 31 July 2024
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 28 March 2025 and signed on its behalf by:
Mr P Airey, Director
28 March 2025
2
P Airey Tail Lifts Limited
Notes to the financial statements
for the year ended 31 July 2024
1 Company information
P Airey Tail Lifts Limited is a private company registered in England and Wales. Its registered number is 06967263. The company is limited by shares. Its registered office is 413 Aigburth Road, Liverpool, Merseyside, L17 6BH.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - Goodwill, being the amount paid in connection with the
acquisition of a business in 2009, is being amortised
evenly over its estimated useful life of ten years.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Fixtures & fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% reducing balance
3
P Airey Tail Lifts Limited
Notes to the financial statements - continued
for the year ended 31 July 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3 Average number of employees
During the year the average number of employees was 1 (2023 - 4).
4 Intangible assets
Goodwill
£
Cost
At 1 August 2023 17,500
At 31 July 2024 17,500
Amortisation
At 1 August 2023 17,500
At 31 July 2024 17,500
Net book value
At 31 July 2024 -
At 31 July 2023 -
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 August 2023 106,390
Additions 1,556
At 31 July 2024 107,946
4
P Airey Tail Lifts Limited
Notes to the financial statements - continued
for the year ended 31 July 2024
5 Tangible fixed assets - continued
Depreciation
At 1 August 2023 71,859
Charge for year 9,022
At 31 July 2024 80,881
Net book value
At 31 July 2024 27,065
At 31 July 2023 34,531
6 Creditors: amounts falling due after more than five years
31 Jul 24 31 Jul 23
£ £
Repayable otherwise than by instalments
Bank loans 16,206 15,451
7 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the periods ended 31 July 2024 and 31 July 2023.
31 Jul 24 31 Jul 23
£ £
Mr Peter Airey
Amounts advanced 30,839 -
Amounts repaid (30,839) -
Balance outstanding at end of year - -
31 Jul 24 31 Jul 23
£ £
Mrs Joan Airey
Amounts advanced 24,175 -
Amounts repaid (24,175) -
Balance outstanding at end of year - -
5
P Airey Tail Lifts Limited
Notes to the financial statements - continued
for the year ended 31 July 2024
7 Advances, credit and guarantees granted to directors - continued
31 Jul 24 31 Jul 23
£ £
Mr Colin Airey
Amounts advanced 10,549 -
Amounts repaid (10,549) -
Balance outstanding at end of year - -
31 Jul 24 31 Jul 23
£ £
Mr Jack Airey
Amounts advanced 6,025 -
Amounts repaid (6,025) -
Balance outstanding at end of year - -
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