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REGISTERED NUMBER: 04837246 (England and Wales)



















AIR POWER TECHNOLOGIES GROUP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






AIR POWER TECHNOLOGIES GROUP LTD (REGISTERED NUMBER: 04837246)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


AIR POWER TECHNOLOGIES GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr S Clifford
Mr V G Truglia





SECRETARY: Mrs S Clifford





REGISTERED OFFICE: 4 Highgrove Drive
Chellaston
DERBY
DE73 5XA





REGISTERED NUMBER: 04837246 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

AIR POWER TECHNOLOGIES GROUP LTD (REGISTERED NUMBER: 04837246)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 185,371 142,913
Investments 5 47,975 47,975
233,346 190,888

CURRENT ASSETS
Debtors 6 9,734 9,204
Cash at bank and in hand 1,660 1,473
11,394 10,677
CREDITORS
Amounts falling due within one year 7 154,507 109,694
NET CURRENT LIABILITIES (143,113 ) (99,017 )
TOTAL ASSETS LESS CURRENT LIABILITIES 90,233 91,871

CREDITORS
Amounts falling due after more than one year 8 108,417 108,417
NET LIABILITIES (18,184 ) (16,546 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (18,185 ) (16,547 )
SHAREHOLDERS' FUNDS (18,184 ) (16,546 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

AIR POWER TECHNOLOGIES GROUP LTD (REGISTERED NUMBER: 04837246)

BALANCE SHEET - continued
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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:





Mr S Clifford - Director


AIR POWER TECHNOLOGIES GROUP LTD (REGISTERED NUMBER: 04837246)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Air Power Technologies Group 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.

The company meets its day to day working capital requirements with the support of its associated company who have pledged continued financial support for the foreseeable future. On this basis the financial statements have been prepared on a going concern basis.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Intangible fixed assets
No amortisation has been charged on intangible assets as they have not yet been brought into operational use in the business. When business commences the intangible assets will be amortised over their remaining economic life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

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

AIR POWER TECHNOLOGIES GROUP LTD (REGISTERED NUMBER: 04837246)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 August 2023 142,913
Additions 42,458
At 31 July 2024 185,371
NET BOOK VALUE
At 31 July 2024 185,371
At 31 July 2023 142,913

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 47,975
NET BOOK VALUE
At 31 July 2024 47,975
At 31 July 2023 47,975

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 7,734 7,204
Prepayments and accrued income 2,000 2,000
9,734 9,204

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT - 336
Other creditors 153,147 107,998
Directors' current accounts 260 260
Accruals and deferred income 1,100 1,100
154,507 109,694

AIR POWER TECHNOLOGIES GROUP LTD (REGISTERED NUMBER: 04837246)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 108,417 108,417

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1