18 15 Air Projects Limited 06464424 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is The design and manufacturing of air ventillation systems Digita Accounts Production Advanced 6.30.9574.0 true false true 06464424 2023-10-01 2024-09-30 06464424 2024-09-30 06464424 core:CurrentFinancialInstruments 2024-09-30 06464424 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 06464424 core:BetweenTwoFiveYears 2024-09-30 06464424 core:WithinOneYear 2024-09-30 06464424 core:FurnitureFittings 2024-09-30 06464424 core:MotorVehicles 2024-09-30 06464424 bus:SmallEntities 2023-10-01 2024-09-30 06464424 bus:Audited 2023-10-01 2024-09-30 06464424 bus:FilletedAccounts 2023-10-01 2024-09-30 06464424 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06464424 bus:RegisteredOffice 2023-10-01 2024-09-30 06464424 bus:Director1 2023-10-01 2024-09-30 06464424 bus:Director2 2023-10-01 2024-09-30 06464424 bus:Director6 2023-10-01 2024-09-30 06464424 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06464424 bus:Agent1 2023-10-01 2024-09-30 06464424 core:FurnitureFittings 2023-10-01 2024-09-30 06464424 core:LandBuildings 2023-10-01 2024-09-30 06464424 core:MotorVehicles 2023-10-01 2024-09-30 06464424 1 2023-10-01 2024-09-30 06464424 countries:AllCountries 2023-10-01 2024-09-30 06464424 2023-09-30 06464424 core:FurnitureFittings 2023-09-30 06464424 core:MotorVehicles 2023-09-30 06464424 2022-10-01 2023-09-30 06464424 2023-09-30 06464424 core:CurrentFinancialInstruments 2023-09-30 06464424 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 06464424 core:BetweenTwoFiveYears 2023-09-30 06464424 core:WithinOneYear 2023-09-30 06464424 core:FurnitureFittings 2023-09-30 06464424 core:MotorVehicles 2023-09-30 xbrli:pure iso4217:GBP

Registration number: 06464424

Air Projects Limited

Filleted Financial Statements

for the Year Ended 30 September 2024

 

Air Projects Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Air Projects Limited

Company Information

Directors

A J Wheal

M L Wheeler

P E Miller

Registered office

4 Swanbridge Industrial Park
Black Croft Road
Witham
Essex
CM8 3YN

Auditors

Clement Rabjohns Limited
Registered Auditors and Chartered Accountants111/113 High Street
Evesham
Worcestershire
WR11 4XP

 

Air Projects Limited

(Registration number: 06464424)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

9,421

18,158

Current assets

 

Stocks

5

2,000

2,184

Debtors

6

1,491,734

1,087,992

Cash at bank and in hand

 

49,604

73,948

 

1,543,338

1,164,124

Creditors: Amounts falling due within one year

7

(195,880)

(294,631)

Net current assets

 

1,347,458

869,493

Total assets less current liabilities

 

1,356,879

887,651

Provisions for liabilities

(1,956)

(12,573)

Net assets

 

1,354,923

875,078

Capital and reserves

 

Called up share capital

20

20

Retained earnings

1,354,903

875,058

Shareholders' funds

 

1,354,923

875,078

These financial statements have been prepared and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 June 2025 and signed on its behalf by:
 

.........................................
M L Wheeler
Director

 

Air Projects Limited

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

1

General information

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

The address of its registered office is:
4 Swanbridge Industrial Park
Black Croft Road
Witham
Essex
CM8 3YN
United Kingdom

These financial statements were authorised for issue by the Board on 26 June 2025.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

 

Air Projects Limited

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

Going concern

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 26 June 2025 was Philip Parsons FCA, who signed for and on behalf of Clement Rabjohns Limited.

.........................................

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 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 and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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:

 

Air Projects Limited

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

Asset class

Depreciation method and rate

Improvements to property

Straight line over 20 years

Fixtures and fittings

25% on cost

Motor vehicles

25% on cost

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.

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.

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 directors) during the year, was 18 (2023 - 15).

 

Air Projects Limited

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

4

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

76,125

46,983

123,108

Additions

1,693

-

1,693

At 30 September 2024

77,818

46,983

124,801

Depreciation

At 1 October 2023

61,936

43,014

104,950

Charge for the year

6,461

3,969

10,430

At 30 September 2024

68,397

46,983

115,380

Carrying amount

At 30 September 2024

9,421

-

9,421

At 30 September 2023

14,189

3,969

18,158

5

Stocks

2024
£

2023
£

Raw materials and consumables

2,000

2,184

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

223,280

433,257

Amounts owed by related parties

1,244,152

622,709

Prepayments

 

24,302

32,026

   

1,491,734

1,087,992

 

Air Projects Limited

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

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

30,864

131,227

Taxation and social security

80,951

92,169

Accruals and deferred income

72,666

66,895

Other creditors

11,399

4,340

195,880

294,631

8

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

39,005

31,143

Later than one year and not later than five years

81,987

102,429

120,992

133,572

The amount of non-cancellable operating lease payments recognised as an expense during the year was £38,769 (2023 - £37,670).

9

Parent and ultimate parent undertaking

The company's immediate parent is EA-RS Group Limited, incorporated in the United Kingdom.

 The ultimate parent is ES-RS Fire Engineering Group Limited, incorporated in the United Kingdom.

  These financial statements are available upon request from 4 Swanbridge Industrial Park, Black Croft Road, Witham, Essex, CM8 3YN