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REGISTERED NUMBER: 03040362 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Andair Limited

Andair Limited (Registered number: 03040362)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Andair Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: OH Phillips





REGISTERED OFFICE: Unit 6
Fishers Grove
Portsmouth
Hampshire
PO6 1EF





REGISTERED NUMBER: 03040362 (England and Wales)





ACCOUNTANTS: Creighton Accountants Ltd
25a Down End Road
Portchester
Fareham
Hampshire
PO16 8RG

Andair Limited (Registered number: 03040362)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,426,672 3,442,983

CURRENT ASSETS
Stocks 4,500 4,500
Debtors 5 239,044 329,252
Cash at bank and in hand 635,211 265,714
878,755 599,466
CREDITORS
Amounts falling due within one year 6 646,779 265,123
NET CURRENT ASSETS 231,976 334,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,658,648

3,777,326

CREDITORS
Amounts falling due after more than one
year

7

(2,495,634

)

(2,838,140

)

PROVISIONS FOR LIABILITIES (122,984 ) (79,502 )
NET ASSETS 1,040,030 859,684

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,040,028 859,682
SHAREHOLDERS' FUNDS 1,040,030 859,684

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Andair Limited (Registered number: 03040362)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2025 and were signed by:





OH Phillips - Director


Andair Limited (Registered number: 03040362)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Andair Limited 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, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Andair Limited (Registered number: 03040362)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 3,024,306 1,840,122 4,864,428
Additions 37,055 518,226 555,281
Disposals (334,333 ) (70,750 ) (405,083 )
At 30 September 2024 2,727,028 2,287,598 5,014,626
DEPRECIATION
At 1 October 2023 - 1,421,445 1,421,445
Charge for year - 234,697 234,697
Eliminated on disposal - (68,188 ) (68,188 )
At 30 September 2024 - 1,587,954 1,587,954
NET BOOK VALUE
At 30 September 2024 2,727,028 699,644 3,426,672
At 30 September 2023 3,024,306 418,677 3,442,983

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 579,650
Additions 263,150
At 30 September 2024 842,800
DEPRECIATION
At 1 October 2023 377,696
Charge for year 116,301
At 30 September 2024 493,997
NET BOOK VALUE
At 30 September 2024 348,803
At 30 September 2023 201,954

Andair Limited (Registered number: 03040362)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 216,973 283,745
Other debtors 22,071 45,507
239,044 329,252

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 64,870 57,924
Trade creditors 96,024 144,895
Amounts owed to group undertakings 175,645 175,645
Taxation and social security 293,075 (273,813 )
Other creditors 17,165 160,472
646,779 265,123

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 1,795,364 2,260,266
Hire purchase contracts 700,270 577,874
2,495,634 2,838,140

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,795,364 2,260,266

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company is under common control with Lefay Engineering Limited, a UK company.

During the year, the director, Mr O H Phillips, loaned funds to the company. At the balance sheet date a balance of £7,827 (£7,827 in 2023) was included in other creditors.

The company is a subsidiary undertaking of Lefay Engineering Limited, a UK company.