Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09741517 Mr Ian Bonthrone Mr Burl Brim Jr Mr Trevor Abraham Mrs Julie Brim iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09741517 2023-12-31 09741517 2024-12-31 09741517 2024-01-01 2024-12-31 09741517 frs-core:CurrentFinancialInstruments 2024-12-31 09741517 frs-core:MotorVehicles 2024-12-31 09741517 frs-core:MotorVehicles 2024-01-01 2024-12-31 09741517 frs-core:MotorVehicles 2023-12-31 09741517 frs-core:PlantMachinery 2024-12-31 09741517 frs-core:PlantMachinery 2024-01-01 2024-12-31 09741517 frs-core:PlantMachinery 2023-12-31 09741517 frs-core:ShareCapital 2024-12-31 09741517 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09741517 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09741517 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09741517 frs-bus:SmallEntities 2024-01-01 2024-12-31 09741517 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09741517 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09741517 frs-bus:Director1 2024-01-01 2024-12-31 09741517 frs-bus:Director2 2024-01-01 2024-12-31 09741517 frs-bus:Director3 2024-01-01 2024-12-31 09741517 frs-bus:Director4 2024-01-01 2024-12-31 09741517 frs-core:CurrentFinancialInstruments 2 2024-12-31 09741517 frs-countries:EnglandWales 2024-01-01 2024-12-31 09741517 2022-12-31 09741517 2023-12-31 09741517 2023-01-01 2023-12-31 09741517 frs-core:CurrentFinancialInstruments 2023-12-31 09741517 frs-core:ShareCapital 2023-12-31 09741517 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09741517 frs-core:CurrentFinancialInstruments 2 2023-12-31
Registered number: 09741517
Air Rescue UK Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Phillips Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09741517
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 91,042 110,641
91,042 110,641
CURRENT ASSETS
Debtors 5 510,092 734,663
Cash at bank and in hand 1,318,443 1,021,389
1,828,535 1,756,052
Creditors: Amounts Falling Due Within One Year 6 (390,038 ) (405,348 )
NET CURRENT ASSETS (LIABILITIES) 1,438,497 1,350,704
TOTAL ASSETS LESS CURRENT LIABILITIES 1,529,539 1,461,345
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,761 ) (31,619 )
NET ASSETS 1,506,778 1,429,726
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 1,506,678 1,429,626
SHAREHOLDERS' FUNDS 1,506,778 1,429,726
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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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ian Bonthrone
Director
08/04/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Air Rescue UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09741517 . The registered office is 4 Pearson Road, Central Park, Telford, Shropshire, TF2 9TX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on cost
Motor Vehicles 20% on cost
2.4. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2023: 21)
26 21
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2024 127,904 75,639 203,543
Additions 1,924 5,300 7,224
As at 31 December 2024 129,828 80,939 210,767
Depreciation
As at 1 January 2024 77,002 15,900 92,902
Provided during the period 12,533 14,290 26,823
As at 31 December 2024 89,535 30,190 119,725
...CONTINUED
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Net Book Value
As at 31 December 2024 40,293 50,749 91,042
As at 1 January 2024 50,902 59,739 110,641
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 338,962 480,172
Prepayments and accrued income 91,319 149,821
Other debtors 600 -
Amounts owed by associates 79,211 104,670
510,092 734,663
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,728 5,812
Corporation tax 200,925 245,108
Other taxes and social security 142,013 136,823
Pension Fund 18,933 12,502
Other creditors. 9,011 -
Accrued expenses 8,428 5,103
390,038 405,348
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 510,000 480,000
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