Registered number
09864322
Air Group Global Ltd
Report and Accounts
30 November 2024
Air Group Global Ltd
Registered number: 09864322
Director's Report
The director presents his report and financial statements for the year ended 30 November 2024.
Principal activities
The company's principal activity during the period was that of the construction of commercial and residential properties.
Directors
The following persons served as directors during the year:
Mr J Hunter
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 19 August 2025 and signed on its behalf.
Mr J Hunter
Director
Air Group Global Ltd
Profit and Loss Account
for the year ended 30 November 2024
2024 2023
£ £
Turnover 628,416 80,415
Cost of sales (219,692) (35,348)
Gross profit 408,724 45,067
Administrative expenses (162,328) (39,078)
Operating profit 246,396 5,989
Interest receivable 32 6
Interest payable (204) (217)
Profit on ordinary activities before taxation 246,224 5,778
Tax on profit on ordinary activities (3,969) -
Profit for the financial year 242,255 5,778
Air Group Global Ltd
Registered number: 09864322
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 171,459 14,548
Current assets
Debtors 4 54,008 13,285
Cash at bank and in hand 65,842 4,696
119,850 17,981
Creditors: amounts falling due within one year 5 (38,586) (31,526)
Net current assets 81,264 (13,545)
Total assets less current liabilities 252,723 1,003
Creditors: amounts falling due after more than one year 6 (9,465) -
Net assets 243,258 1,003
Capital and reserves
Called up share capital 100 100
Profit and loss account 243,158 903
Shareholder's funds 243,258 1,003
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J Hunter
Director
Approved by the board on 19 August 2025
Air Group Global Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 1
3 Tangible fixed assets
Plant and Machinery Total
£ £
Cost
At 1 December 2023 29,810 29,810
Additions 175,962 175,962
At 30 November 2024 205,772 205,772
Depreciation
At 1 December 2023 15,262 15,262
Charge for the year 19,051 19,051
At 30 November 2024 34,313 34,313
Net book value
At 30 November 2024 171,459 171,459
At 30 November 2023 14,548 14,548
4 Debtors 2024 2023
£ £
Trade debtors 51,963 11,426
Other debtors 2,045 1,859
54,008 13,285
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 22,517 13,624
Corporation tax 3,969 -
Other taxes and social security costs 5,846 1,748
Other creditors 6,254 16,154
38,586 31,526
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 9,465 -
9,465 -
7 Other information
Air Group Global Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2
12-14 Fowler Road
Iford
Essex
IG6 3UT
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