2024-02-012025-01-312025-01-31false09401062AIR STREET STORE LIMITED2025-04-2847110falseiso4217:GBPxbrli:pure094010622024-02-01094010622025-01-31094010622024-02-012025-01-31094010622023-02-01094010622024-01-31094010622023-02-012024-01-3109401062bus:SmallEntities2024-02-012025-01-3109401062bus:AuditExempt-NoAccountantsReport2024-02-012025-01-3109401062bus:FullAccounts2024-02-012025-01-3109401062bus:PrivateLimitedCompanyLtd2024-02-012025-01-3109401062core:WithinOneYear2025-01-3109401062core:AfterOneYear2025-01-3109401062core:WithinOneYear2024-01-3109401062core:AfterOneYear2024-01-3109401062core:ShareCapital2025-01-3109401062core:SharePremium2025-01-3109401062core:RevaluationReserve2025-01-3109401062core:OtherReservesSubtotal2025-01-3109401062core:RetainedEarningsAccumulatedLosses2025-01-3109401062core:ShareCapital2024-01-3109401062core:SharePremium2024-01-3109401062core:RevaluationReserve2024-01-3109401062core:OtherReservesSubtotal2024-01-3109401062core:RetainedEarningsAccumulatedLosses2024-01-3109401062core:LandBuildings2025-01-3109401062core:PlantMachinery2025-01-3109401062core:Vehicles2025-01-3109401062core:FurnitureFittings2025-01-3109401062core:OfficeEquipment2025-01-3109401062core:NetGoodwill2025-01-3109401062core:IntangibleAssetsOtherThanGoodwill2025-01-3109401062core:ListedExchangeTraded2025-01-3109401062core:UnlistedNon-exchangeTraded2025-01-3109401062core:LandBuildings2024-01-3109401062core:PlantMachinery2024-01-3109401062core:Vehicles2024-01-3109401062core:FurnitureFittings2024-01-3109401062core:OfficeEquipment2024-01-3109401062core:NetGoodwill2024-01-3109401062core:IntangibleAssetsOtherThanGoodwill2024-01-3109401062core:ListedExchangeTraded2024-01-3109401062core:UnlistedNon-exchangeTraded2024-01-3109401062core:LandBuildings2024-02-012025-01-3109401062core:PlantMachinery2024-02-012025-01-3109401062core:Vehicles2024-02-012025-01-3109401062core:FurnitureFittings2024-02-012025-01-3109401062core:OfficeEquipment2024-02-012025-01-3109401062core:NetGoodwill2024-02-012025-01-3109401062core:IntangibleAssetsOtherThanGoodwill2024-02-012025-01-3109401062core:ListedExchangeTraded2024-02-012025-01-3109401062core:UnlistedNon-exchangeTraded2024-02-012025-01-3109401062core:MoreThanFiveYears2024-02-012025-01-3109401062core:Non-currentFinancialInstruments2025-01-3109401062core:Non-currentFinancialInstruments2024-01-3109401062dpl:CostSales2024-02-012025-01-3109401062dpl:DistributionCosts2024-02-012025-01-3109401062core:LandBuildings2024-02-012025-01-3109401062core:PlantMachinery2024-02-012025-01-3109401062core:Vehicles2024-02-012025-01-3109401062core:FurnitureFittings2024-02-012025-01-3109401062core:OfficeEquipment2024-02-012025-01-3109401062dpl:AdministrativeExpenses2024-02-012025-01-3109401062core:NetGoodwill2024-02-012025-01-3109401062core:IntangibleAssetsOtherThanGoodwill2024-02-012025-01-3109401062dpl:GroupUndertakings2024-02-012025-01-3109401062dpl:ParticipatingInterests2024-02-012025-01-3109401062dpl:GroupUndertakingscore:ListedExchangeTraded2024-02-012025-01-3109401062core:ListedExchangeTraded2024-02-012025-01-3109401062dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2024-02-012025-01-3109401062core:UnlistedNon-exchangeTraded2024-02-012025-01-3109401062dpl:CostSales2023-02-012024-01-3109401062dpl:DistributionCosts2023-02-012024-01-3109401062core:LandBuildings2023-02-012024-01-3109401062core:PlantMachinery2023-02-012024-01-3109401062core:Vehicles2023-02-012024-01-3109401062core:FurnitureFittings2023-02-012024-01-3109401062core:OfficeEquipment2023-02-012024-01-3109401062dpl:AdministrativeExpenses2023-02-012024-01-3109401062core:NetGoodwill2023-02-012024-01-3109401062core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3109401062dpl:GroupUndertakings2023-02-012024-01-3109401062dpl:ParticipatingInterests2023-02-012024-01-3109401062dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3109401062core:ListedExchangeTraded2023-02-012024-01-3109401062dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3109401062core:UnlistedNon-exchangeTraded2023-02-012024-01-3109401062core:NetGoodwill2025-01-3109401062core:IntangibleAssetsOtherThanGoodwill2025-01-3109401062core:LandBuildings2025-01-3109401062core:PlantMachinery2025-01-3109401062core:Vehicles2025-01-3109401062core:FurnitureFittings2025-01-3109401062core:OfficeEquipment2025-01-3109401062core:AfterOneYear2025-01-3109401062core:WithinOneYear2025-01-3109401062core:ListedExchangeTraded2025-01-3109401062core:UnlistedNon-exchangeTraded2025-01-3109401062core:ShareCapital2025-01-3109401062core:SharePremium2025-01-3109401062core:RevaluationReserve2025-01-3109401062core:OtherReservesSubtotal2025-01-3109401062core:RetainedEarningsAccumulatedLosses2025-01-3109401062core:NetGoodwill2024-01-3109401062core:IntangibleAssetsOtherThanGoodwill2024-01-3109401062core:LandBuildings2024-01-3109401062core:PlantMachinery2024-01-3109401062core:Vehicles2024-01-3109401062core:FurnitureFittings2024-01-3109401062core:OfficeEquipment2024-01-3109401062core:AfterOneYear2024-01-3109401062core:WithinOneYear2024-01-3109401062core:ListedExchangeTraded2024-01-3109401062core:UnlistedNon-exchangeTraded2024-01-3109401062core:ShareCapital2024-01-3109401062core:SharePremium2024-01-3109401062core:RevaluationReserve2024-01-3109401062core:OtherReservesSubtotal2024-01-3109401062core:RetainedEarningsAccumulatedLosses2024-01-3109401062core:NetGoodwill2023-02-0109401062core:IntangibleAssetsOtherThanGoodwill2023-02-0109401062core:LandBuildings2023-02-0109401062core:PlantMachinery2023-02-0109401062core:Vehicles2023-02-0109401062core:FurnitureFittings2023-02-0109401062core:OfficeEquipment2023-02-0109401062core:AfterOneYear2023-02-0109401062core:WithinOneYear2023-02-0109401062core:ListedExchangeTraded2023-02-0109401062core:UnlistedNon-exchangeTraded2023-02-0109401062core:ShareCapital2023-02-0109401062core:SharePremium2023-02-0109401062core:RevaluationReserve2023-02-0109401062core:OtherReservesSubtotal2023-02-0109401062core:RetainedEarningsAccumulatedLosses2023-02-0109401062core:AfterOneYear2024-02-012025-01-3109401062core:WithinOneYear2024-02-012025-01-3109401062core:Non-currentFinancialInstrumentscore:CostValuation2024-02-012025-01-3109401062core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-02-012025-01-3109401062core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-02-012025-01-3109401062core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-02-012025-01-3109401062core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-02-012025-01-3109401062core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-02-012025-01-3109401062core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-02-012025-01-3109401062core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-02-012025-01-3109401062core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-02-012025-01-3109401062core:Non-currentFinancialInstrumentscore:CostValuation2025-01-3109401062core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2025-01-3109401062core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2025-01-3109401062core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2025-01-3109401062core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2025-01-3109401062core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2025-01-3109401062core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2025-01-3109401062core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2025-01-3109401062core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2025-01-3109401062core:Non-currentFinancialInstrumentscore:CostValuation2024-01-3109401062core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-01-3109401062core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-01-3109401062core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-01-3109401062core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-01-3109401062core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-01-3109401062core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-01-3109401062core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-01-3109401062core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-01-3109401062bus:Director12024-02-012025-01-3109401062core:FurnitureFittingsToolsEquipment2024-01-3109401062core:FurnitureFittingsToolsEquipment2024-02-012025-01-3109401062core:FurnitureFittingsToolsEquipment2025-01-31

AIR STREET STORE LIMITED

Registered Number
09401062
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2025

AIR STREET STORE LIMITED
Company Information
for the year from 1 February 2024 to 31 January 2025

Director

SITT, Melad

Registered Address

1a Air Street
Brighton
BN1 3FB

Registered Number

09401062 (England and Wales)
AIR STREET STORE LIMITED
Balance Sheet as at
31 January 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets311,24912,618
11,24912,618
Current assets
Stocks470,22330,120
Debtors556,60557,295
Cash at bank and on hand26,15994,853
152,987182,268
Creditors amounts falling due within one year6(81,533)(140,316)
Net current assets (liabilities)71,45441,952
Total assets less current liabilities82,70354,570
Creditors amounts falling due after one year7(3,009)(12,603)
Provisions for liabilities8(2,812)(3,155)
Accruals and deferred income(3,431)-
Net assets73,45138,812
Capital and reserves
Called up share capital11
Profit and loss account73,45038,811
Shareholders' funds73,45138,812
The financial statements were approved and authorised for issue by the Director on 28 April 2025, and are signed on its behalf by:
SITT, Melad
Director
Registered Company No. 09401062
AIR STREET STORE LIMITED
Notes to the Financial Statements
for the year ended 31 January 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
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. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Office Equipment25
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20252024
Average number of employees during the year56
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 February 2430,51741,7516,90179,169
Additions-1,948-1,948
At 31 January 2530,51743,6996,90181,117
Depreciation and impairment
At 01 February 2426,44435,7184,38966,551
Charge for year1,0181,6716283,317
At 31 January 2527,46237,3895,01769,868
Net book value
At 31 January 253,0556,3101,88411,249
At 31 January 244,0736,0332,51212,618
4.Stocks

2025

2024

££
Other stocks70,22330,120
Total70,22330,120
5.Debtors: amounts due within one year

2025

2024

££
Other debtors40,65240,652
Prepayments and accrued income15,95316,643
Total56,60557,295
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables5463,458
Bank borrowings and overdrafts10,30810,718
Taxation and social security30,88120,680
Other creditors39,798105,460
Total81,533140,316
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts3,00912,603
Total3,00912,603
8.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)2,8123,155
Total2,8123,155
9.Related party transactions
The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.