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REGISTERED NUMBER: 06323016 (England and Wales)















AIR SEATING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025






AIR SEATING LIMITED (REGISTERED NUMBER: 06323016)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 28 FEBRUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AIR SEATING LIMITED

COMPANY INFORMATION
For The Year Ended 28 FEBRUARY 2025







DIRECTORS: Ms L Rowley
D J Wood





SECRETARY: Ms L Rowley





REGISTERED OFFICE: Unit 3
High Street Lenches Bridge
Pensnett
Kingswinford
West Midlands
DY6 8XB





REGISTERED NUMBER: 06323016 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

AIR SEATING LIMITED (REGISTERED NUMBER: 06323016)

BALANCE SHEET
28 FEBRUARY 2025

28.2.25 29.2.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,829 15,388

CURRENT ASSETS
Stocks 727,516 640,954
Debtors 5 1,873,569 1,963,014
Cash at bank and in hand 972,595 1,091,086
3,573,680 3,695,054
CREDITORS
Amounts falling due within one year 6 2,638,939 2,756,540
NET CURRENT ASSETS 934,741 938,514
TOTAL ASSETS LESS CURRENT
LIABILITIES

954,570

953,902

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 954,530 953,862
SHAREHOLDERS' FUNDS 954,570 953,902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 18 July 2025 and were signed on its behalf by:





Ms L Rowley - Director


AIR SEATING LIMITED (REGISTERED NUMBER: 06323016)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 28 FEBRUARY 2025


1. STATUTORY INFORMATION

Air Seating 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks 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.

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

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.

AIR SEATING LIMITED (REGISTERED NUMBER: 06323016)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 FEBRUARY 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2024 - 36 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2024 40,715 27,418 8,956 77,089
Additions 10,584 200 1,249 12,033
Disposals (1,132 ) (158 ) (2,127 ) (3,417 )
At 28 February 2025 50,167 27,460 8,078 85,705
DEPRECIATION
At 1 March 2024 30,330 24,040 7,331 61,701
Charge for year 4,029 2,447 1,116 7,592
Eliminated on disposal (1,132 ) (158 ) (2,127 ) (3,417 )
At 28 February 2025 33,227 26,329 6,320 65,876
NET BOOK VALUE
At 28 February 2025 16,940 1,131 1,758 19,829
At 29 February 2024 10,385 3,378 1,625 15,388

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 1,012,688 1,127,780
Amounts owed by group undertakings 854,350 829,100
Other debtors 6,531 6,134
1,873,569 1,963,014

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade creditors 722,113 610,958
Amounts owed to group undertakings 1,384,183 1,664,098
Taxation and social security 429,710 403,182
Other creditors 102,933 78,302
2,638,939 2,756,540

7. ULTIMATE CONTROLLING PARTY

The controlling party is Air Seating (Holdings) Limited.

There is no ultimate controlling party, due to the diversified shareholding in Air Seating (Holdings) Limited.