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REGISTERED NUMBER: 06550607 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Airtube Technologies Limited

Airtube Technologies Limited (Registered number: 06550607)

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


Airtube Technologies Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: G Siddle
A Vitai





REGISTERED OFFICE: Unit 5 Hartlebury Trading Estate
Hartlebury
Kidderminster
Worcestershire
DY10 4JB





REGISTERED NUMBER: 06550607 (England and Wales)





ACCOUNTANTS: Harris & Co
Chartered Accountants
2 Pavilion Court
600 Pavilion Drive
Northampton
NN4 7SL

Airtube Technologies Limited (Registered number: 06550607)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 69,576 131,899
Tangible assets 5 46,874 58,292
Investments 6 100 100
116,550 190,291

CURRENT ASSETS
Stocks 237,226 215,622
Debtors 7 1,196,343 1,084,545
Cash at bank and in hand 246,862 148,186
1,680,431 1,448,353
CREDITORS
Amounts falling due within one year 8 (589,818 ) (490,064 )
NET CURRENT ASSETS 1,090,613 958,289
TOTAL ASSETS LESS CURRENT LIABILITIES 1,207,163 1,148,580

CREDITORS
Amounts falling due after more than one year 9 (180,419 ) (145,023 )
NET ASSETS 1,026,744 1,003,557

CAPITAL AND RESERVES
Called up share capital 135,000 135,000
Share premium 65,000 65,000
Retained earnings 826,744 803,557
SHAREHOLDERS' FUNDS 1,026,744 1,003,557

Airtube Technologies Limited (Registered number: 06550607)

Balance Sheet - continued
30 September 2024


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 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.

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 Board of Directors and authorised for issue on 10 June 2025 and were signed on its behalf by:





G Siddle - Director


Airtube Technologies Limited (Registered number: 06550607)

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


1. STATUTORY INFORMATION

Airtube Technologies 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost

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

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Research and development
Expenditure on research is written off in the year in which it is incurred. Expenditure on development is capitalised if it meets the required conditions of FRS 102 (Section 1A). Development expenditure that does not meet these conditions is written off in the year in which it is incurred.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Airtube Technologies Limited (Registered number: 06550607)

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


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 October 2023
and 30 September 2024 487,162
AMORTISATION
At 1 October 2023 355,263
Amortisation for year 62,323
At 30 September 2024 417,586
NET BOOK VALUE
At 30 September 2024 69,576
At 30 September 2023 131,899

5. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 October 2023 12,230 219,852 60,721 292,803
Additions - 12,998 - 12,998
Disposals - (11,000 ) - (11,000 )
At 30 September 2024 12,230 221,850 60,721 294,801
DEPRECIATION
At 1 October 2023 12,230 194,027 28,254 234,511
Charge for year - 10,743 13,673 24,416
Eliminated on disposal - (11,000 ) - (11,000 )
At 30 September 2024 12,230 193,770 41,927 247,927
NET BOOK VALUE
At 30 September 2024 - 28,080 18,794 46,874
At 30 September 2023 - 25,825 32,467 58,292

Airtube Technologies Limited (Registered number: 06550607)

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


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023
and 30 September 2024 30,617
DEPRECIATION
At 1 October 2023
and 30 September 2024 30,617
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 100
NET BOOK VALUE
At 30 September 2024 100
At 30 September 2023 100

The investment is in ATT Manufacturing Ltd which is a company incorporated in the UK. The company owns 100% of the shares. It is a dormant company.

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 838,337 305,136
Amounts recoverable on contract 9,781 10,552
Other debtors 131,150 131,782
979,268 447,470

Amounts falling due after more than one year:
Other debtors 217,075 637,075

Aggregate amounts 1,196,343 1,084,545

Airtube Technologies Limited (Registered number: 06550607)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 115,707 65,972
Other loans 4,791 4,791
Close invoice finance account (59,372 ) 69,345
Hire purchase contracts 6,898 6,898
Trade creditors 179,054 73,258
Amounts owed to group undertakings 100 100
Social security and other taxes 20,426 16,681
VAT 60,530 13,304
Other creditors 183,541 123,215
Company Pensions Control 2,681 2,355
Directors' loan accounts 72,708 72,708
Accrued expenses 2,754 41,437
589,818 490,064

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 100,000 58,564
Other loans - 1-2 years 66,666 66,666
Hire purchase contracts 13,753 19,793
180,419 145,023