Registered number
11354713
Air Ducters Limited
Report and Accounts
31 March 2025
Air Ducters Limited
Registered number: 11354713
Balance Sheet
as at 31 March 2025
31st March 31st March
Notes 2025 2024
Fixed assets £ £
Tangible assets 3 3,950 2,030
Current assets
Debtors 4 83,967 123,969
Cash at bank and in hand 26,407 44,257
110,374 168,226
Creditors: amounts falling due within one year 5 (84,282) (90,589)
Net current assets 26,092 77,637
Total assets less current liabilities 30,042 79,667
Creditors: amounts falling due after more than one year 6 (2,500) (12,500)
Provisions for liabilities 7 (697) (508)
Net assets 26,845 66,659
Capital and reserves
Called up share capital 100 100
Profit and loss account 26,745 66,559
Shareholders' funds 26,845 66,659
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr R Riley
Director
Approved by the board on 14 April 2025
Air Ducters Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
31st March 31st March
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 April 2024 4,600 7,500 12,100
Additions 2,829 - 2,829
At 31 March 2025 7,429 7,500 14,929
Depreciation
At 1 April 2024 3,905 6,165 10,070
Charge for the year 575 334 909
At 31 March 2025 4,480 6,499 10,979
Net book value
At 31 March 2025 2,949 1,001 3,950
At 31 March 2024 695 1,335 2,030
31st March 31st March
4 Debtors 2025 2024
£ £
Trade debtors 81,091 116,048
Prepaid expenses 2,876 2,583
Other debtors - 5,338
83,967 123,969
31st March 31st March
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loan 10,000 10,000
Trade creditors 28,644 40,529
Other taxation and social security costs 13,267 11,583
Accrued expenses 14,015 10,121
Directors loan account 18,356 18,356
84,282 90,589
6 Creditors: amounts falling due after more than one year
Bank loan 2,500 12,500
2,500 12,500
7 Provision for liabilities
Deferred taxation:
Accelerated capital allowances
At 1 April 2024 508 677
Deferred tax charge in profit and loss account 189 (169)
At 31 March 2025 697 508
8 Other financial commitments
Total future minimum payments under non-cancellable operating leases 23,397 6,912
9 Other information
Air Ducters Limited is a private company limited by shares and incorporated in England and Wales. The registered office is:
Unit 1
Chipstead road
Birmingham
B23 5HD
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