REGISTERED NUMBER: 13007625 (England and Wales)

AIRCS U.K. LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A J Davies

REGISTERED OFFICE:

West Lodge

Rainbow Street

Leominster

Herefordshire

HR6 8DQ

REGISTERED NUMBER:

13007625 (England and Wales)

ACCOUNTANTS:

Davies Edwards & Co

Chartered Certified Accountants

West Lodge

Rainbow Street

Leominster

Herefordshire

HR6 8DQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,281

85

1,281

85

CURRENT ASSETS

Debtors

6

50,044

67,029

Cash at bank

17,715

24,153

67,759

91,182

CREDITORS

Amounts falling due within one year

7

26,086

24,463

NET CURRENT ASSETS

41,673

66,719

TOTAL ASSETS LESS CURRENT LIABILITIES

42,954

66,804

PROVISIONS FOR LIABILITIES

282

18

NET ASSETS

42,672

66,786

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

42,572

66,686

SHAREHOLDERS' FUNDS

42,672

66,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 April 2025 and were signed by:

A J Davies - Director

1.	STATUTORY INFORMATION

AIRCS U.K. Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable inclusive of value added tax.

Intangible assets

Formation costs have been fully amortised in the first year of trading.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office and computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Vat - flat rate scheme

The company registered for VAT from 1 June 2022 and operates the relevant flat rate VAT scheme. Income and expenditure are shown gross of VAT in the financial statements, with the flat rate VAT deduction as a separate item in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 December 2023

and 30 November 2024

215

AMORTISATION

At 1 December 2023

and 30 November 2024

215

NET BOOK VALUE

At 30 November 2024

-

At 30 November 2023

-

5.	TANGIBLE FIXED ASSETS

Office

and

computer

equipment

£

COST

At 1 December 2023

1,355

Additions

1,919

At 30 November 2024

3,274

DEPRECIATION

At 1 December 2023

1,270

Charge for year

723

At 30 November 2024

1,993

NET BOOK VALUE

At 30 November 2024

1,281

At 30 November 2023

85

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

27,480

22,111

Accrued income

-

960

Directors' current accounts

22,564

43,819

Prepayments and accrued income

-

139

50,044

67,029

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

116

-

Tax

18,002

16,782

Social security and other taxes

483

218

VAT

6,305

6,335

Accruals and deferred income

1,180

1,128

26,086

24,463

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 December 2023

66,686

Profit for the year

63,886

Dividends

(88,000

)

At 30 November 2024

42,572

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024

2023

£

£

A J Davies

Balance outstanding at start of year

43,819

(612

)

Amounts advanced

74,256

72,087

Amounts repaid

(95,511

)

(27,656

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

22,564

43,819

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £88,000 (2023 - £20,000) were paid to the director .