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REGISTERED NUMBER: 02661543 (England and Wales)












Financial Statements for the Year Ended 30 September 2024

for

Aireau Fittings Limited

Aireau Fittings Limited (Registered number: 02661543)

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


Aireau Fittings Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: P J Rudland





SECRETARY: R M Browning





REGISTERED OFFICE: Milvus
The Street
Binsted
Hampshire
GU34 4PB





REGISTERED NUMBER: 02661543 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Unit 4D, Lansbury Business Estate
102 Lower Guildford Road
Knaphill
Woking
Surrey
GU21 2EP

Aireau Fittings Limited (Registered number: 02661543)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 4,065 5,194

CURRENT ASSETS
Inventories 14,590 13,352
Debtors 5 3,436 2,408
Cash at bank - 47
18,026 15,807
CREDITORS
Amounts falling due within one year 6 (113,823 ) (102,073 )
NET CURRENT LIABILITIES (95,797 ) (86,266 )
TOTAL ASSETS LESS CURRENT LIABILITIES (91,732 ) (81,072 )

CREDITORS
Amounts falling due after more than one
year

7

(66,969

)

(80,061

)
NET LIABILITIES (158,701 ) (161,133 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (158,703 ) (161,135 )
(158,701 ) (161,133 )

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.

Aireau Fittings Limited (Registered number: 02661543)

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 4 June 2025 and were signed by:





P J Rudland - Director


Aireau Fittings Limited (Registered number: 02661543)

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


1. STATUTORY INFORMATION

Aireau Fittings 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.

Total liabilities exceed total assets at the year end and the continuation of the company as a going concern has therefore been brought into doubt.The directors are confident that, with a tight control of overhead expenditure and the continuing support of the company's bankers and suppliers, the company can return to profitability, and consequently the financial statements have been prepared on a going concern basis.

Revenue
Revenue 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Aireau Fittings Limited (Registered number: 02661543)

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 NIL (2023 - NIL).

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 24,103 12,699 2,562 39,364
Additions - - 225 225
At 30 September 2024 24,103 12,699 2,787 39,589
DEPRECIATION
At 1 October 2023 21,441 10,439 2,290 34,170
Charge for year 665 565 124 1,354
At 30 September 2024 22,106 11,004 2,414 35,524
NET BOOK VALUE
At 30 September 2024 1,997 1,695 373 4,065
At 30 September 2023 2,662 2,260 272 5,194

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 3,436 2,408

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 31,179 28,732
Trade creditors 7,635 8,240
Taxation and social security 3,287 1,608
Other creditors 71,722 63,493
113,823 102,073

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 66,969 80,061