Airducts Design Limited 03489833 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is fabrication of airducts & brackets. Digita Accounts Production Advanced 6.30.9574.0 true true 03489833 2024-02-01 2025-01-31 03489833 2025-01-31 03489833 core:RetainedEarningsAccumulatedLosses 2025-01-31 03489833 core:ShareCapital 2025-01-31 03489833 core:CurrentFinancialInstruments 2025-01-31 03489833 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 03489833 bus:SmallEntities 2024-02-01 2025-01-31 03489833 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 03489833 bus:FilletedAccounts 2024-02-01 2025-01-31 03489833 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 03489833 bus:RegisteredOffice 2024-02-01 2025-01-31 03489833 bus:CompanySecretary1 2024-02-01 2025-01-31 03489833 bus:Director1 2024-02-01 2025-01-31 03489833 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 03489833 countries:UnitedKingdom 2024-02-01 2025-01-31 03489833 2023-02-01 2024-01-31 03489833 2024-01-31 03489833 core:RetainedEarningsAccumulatedLosses 2024-01-31 03489833 core:ShareCapital 2024-01-31 03489833 core:CurrentFinancialInstruments 2024-01-31 03489833 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 iso4217:GBP xbrli:pure

Registration number: 03489833

Airducts Design Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Airducts Design Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Airducts Design Limited

Company Information

Director

Mr K G Davies

Company secretary

Mrs S T Davies

Registered office

Unit 45 Wassage Way
Hampton Lovett Industrial Estate
Droitwich
Worcs
WR9 0NX

Accountants

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

 

Airducts Design Limited

(Registration number: 03489833)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Current assets

 

Stocks

4

100,400

74,500

Debtors

5

374,654

244,312

Cash at bank and in hand

 

208,289

135,804

 

683,343

454,616

Creditors: Amounts falling due within one year

6

(582,736)

(354,411)

Net assets

 

100,607

100,205

Capital and reserves

 

Called up share capital

100

100

Retained earnings

100,507

100,105

Shareholders' funds

 

100,607

100,205

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.

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
 

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

   
     
 

Airducts Design 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:
Unit 45 Wassage Way
Hampton Lovett Industrial Estate
Droitwich
Worcs
WR9 0NX

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Airducts Design Limited

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

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

 

Airducts Design Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2024 - 5).

4

Stocks

2025
£

2024
£

Other inventories

100,400

74,500

5

Debtors

Current

Note

2025
£

2024
£

Trade debtors

 

289,916

191,108

Amounts owed by related parties

65,677

32,150

Prepayments

 

18,861

17,885

Other debtors

 

200

3,169

   

374,654

244,312

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Trade creditors

 

35,881

20,764

Amounts owed to group undertakings and undertakings in which the company has a participating interest

260,400

80,800

Taxation and social security

 

91,443

63,834

Accruals and deferred income

 

75,476

18,000

Other creditors

 

119,536

171,013

 

582,736

354,411