Company Registration No. 09256154 (England and Wales)
Airponix Ltd
Unaudited accounts
for the year ended 31 October 2024
Airponix Ltd
Unaudited accounts
Contents
Airponix Ltd
Company Information
for the year ended 31 October 2024
Directors
Michael Ruggier
Charlotte Morton
Simon Hollingsworth
Darren Mackie
Anthony Roberts
Company Number
09256154 (England and Wales)
Registered Office
Niab, Barn4, Park Farm, Villa Road
Histon, Cambridge
Cambridgeshire
CB24 9NZ
United Kingdom
Accountants
Sharon Wray Accountancy Services
Black Hall Farm
Traice Road
Fundenhall
Norfolk
NR16 1HQ
Airponix Ltd
Statement of financial position
as at 31 October 2024
Intangible assets
154,725
147,901
Tangible assets
7,275
4,836
Cash at bank and in hand
152,290
82,918
Creditors: amounts falling due within one year
(199,254)
(174,208)
Net current liabilities
(4,278)
(60,516)
Total assets less current liabilities
157,722
92,221
Creditors: amounts falling due after more than one year
(435,000)
(485,000)
Net liabilities
(277,278)
(392,779)
Called up share capital
739,796
475,467
Profit and loss account
(1,017,074)
(868,246)
Shareholders' funds
(277,278)
(392,779)
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by
Michael Ruggier
Director
Company Registration No. 09256154
Airponix Ltd
Notes to the Accounts
for the year ended 31 October 2024
Airponix Ltd is a private company, limited by shares, registered in England and Wales, registration number 09256154. The registered office is Niab, Barn4, Park Farm, Villa Road, Histon, Cambridge, Cambridgeshire, CB24 9NZ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Expenditure on research and development is written off in the year in which it is incurred.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Computer equipment
25% Reducing balance
4
Intangible fixed assets
Other
At 1 November 2023
227,093
At 31 October 2024
249,557
Charge for the year
15,640
At 31 October 2024
154,725
At 31 October 2023
147,901
Airponix Ltd
Notes to the Accounts
for the year ended 31 October 2024
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2023
1,985
4,315
6,300
At 31 October 2024
2,655
7,973
10,628
At 1 November 2023
97
1,367
1,464
Charge for the year
575
1,314
1,889
At 31 October 2024
672
2,681
3,353
At 31 October 2024
1,983
5,292
7,275
At 31 October 2023
1,888
2,948
4,836
Amounts falling due within one year
Other debtors
33,856
20,000
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
13,175
5,406
Taxes and social security
13,405
4,249
Loans from directors
162,084
161,299
Loans from Director (£161,715) will be payable after payment to Centrica Innovations (£435,000).
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
435,000
485,000
9
Transactions with related parties
Loans from Director (£161,715) will be payable after payment to Centrica Innovations (£435,000).
10
Average number of employees
During the year the average number of employees was 3 (2023: 4).