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Registration number: 05848155

Airducts Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Airducts Holdings Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Airducts Holdings Limited

Company Information

Director

K G Davies

Company secretary

Mrs S T Davies

Registered office

12 Cedar Drive
Kidderminster
Worcestershire
DY11 6AH

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11C Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

Airducts Holdings Limited

(Registration number: 05848155)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

73,358

87,756

Investments

5

100

100

 

73,458

87,856

Current assets

 

Debtors

6

260,400

80,800

Cash at bank and in hand

 

126,331

151,504

 

386,731

232,304

Creditors: Amounts falling due within one year

7

(17,326)

(19,588)

Net current assets

 

369,405

212,716

Total assets less current liabilities

 

442,863

300,572

Provisions for liabilities

(18,196)

(16,564)

Net assets

 

424,667

284,008

Capital and reserves

 

Called up share capital

100

100

Retained earnings

424,567

283,908

Shareholders' funds

 

424,667

284,008

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Airducts Holdings Limited

(Registration number: 05848155)
Balance Sheet as at 31 January 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 June 2025
 

.........................................
K G Davies
Director

   
     
 

Airducts Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
12 Cedar Drive
Kidderminster
Worcestershire
DY11 6AH
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Airducts Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Asset class

Depreciation method and rate

Plant and machinery

10% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

33.3% on reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Airducts Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2024

576

125,415

85,339

211,330

At 31 January 2025

576

125,415

85,339

211,330

Depreciation

At 1 February 2024

-

62,155

61,419

123,574

Charge for the year

-

8,418

5,980

14,398

At 31 January 2025

-

70,573

67,399

137,972

Carrying amount

At 31 January 2025

576

54,842

17,940

73,358

At 31 January 2024

576

63,260

23,920

87,756

 

Airducts Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5

Investments

2025
£

2024
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

At 1 February 2024

100

Provision

Carrying amount

At 31 January 2025

100

At 31 January 2024

100

6

Debtors

Current

Note

2025
£

2024
£

Amounts owed by related parties

260,400

80,800

   

260,400

80,800

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

14,957

9,933

Accruals and deferred income

1,320

1,320

Other creditors

1,049

8,335

17,326

19,588