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COMPANY REGISTRATION NUMBER: 13238836

Airfield Aggregates Ltd

Filleted Unaudited Financial Statements

Period ended

29 March 2024

Airfield Aggregates Ltd

Financial Statements

Period ended 29 March 2024

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

Airfield Aggregates Ltd

Statement of Financial Position

29 March 2024

| 2024 | 2023
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 484 |  | 483

Current assets

Stocks | 15,000 |  | 12,500 |
Debtors | 6 | 351 |  | 3,014 |
Cash at bank and in hand | 6,768 |  | 3,652 |
| -------- |  | -------- |
| 22,119 |  | 19,166 |

Creditors: amounts falling due within one year | 7 | 97,802 |  | 59,401 |
| -------- |  | -------- |
Net current liabilities |  | 75,683 |  | 40,235
|  | -------- |  | --------
Total assets less current liabilities |  | ( 75,199) |  | ( 39,752)
|  | -------- |  | --------

Capital and reserves

Called up share capital |  | 1 |  | 1
Profit and loss account |  | ( 75,200) |  | ( 39,753)
|  | -------- |  | --------
Shareholders deficit |  | ( 75,199) |  | ( 39,752)
|  | -------- |  | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 29 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Airfield Aggregates Ltd

Statement of Financial Position (continued)

29 March 2024
These financial statements were approved by the board of directors and authorised for issue on 12 September 2025 , and are signed on behalf of the board by:

Mr J Hargrave |
Director |

Company registration number: 13238836

Airfield Aggregates Ltd

Notes to the Financial Statements

Period ended 29 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Spaldington Airfield, Spaldington, Goole, East Yorkshire, DN14 7NG, England.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The company's balance sheet shows net liabilities of £75,199 and a trading loss after tax of £35,447 arose during the year. The Director will continue to support the company. The going concern basis is therefore appropriate. (b) Going concern The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the director has considered the effect of these matters on the company with the information available to it and does not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the director has prepared these financial statements on a going concern basis. (c) Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the sales invoice is raised. (d) Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. (e) Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and fittings | - | 10% reducing balance
| Equipment | - | 25% reducing balance

(f) Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
(g) Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
(h) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2023: 2 ).
5. Tangible assets

| Fixtures and fittings | Equipment | Total
| £ | £ | £
Cost |  |  |
At 31 March 2023 | 420 | 191 | 611
Additions | – | 90 | 90
| ---- | ---- | ----
At 29 March 2024 | 420 | 281 | 701
| ---- | ---- | ----
Depreciation |  |  |
At 31 March 2023 | 80 | 48 | 128
Charge for the period | 34 | 55 | 89
| ---- | ---- | ----
At 29 March 2024 | 114 | 103 | 217
| ---- | ---- | ----
Carrying amount |  |  |
At 29 March 2024 | 306 | 178 | 484
| ---- | ---- | ----
At 30 March 2023 | 340 | 143 | 483
| ---- | ---- | ----

6. Debtors

| 2024 | 2023
| £ | £
Trade debtors | 351 | 1,959
Other debtors | – | 1,055
| ---- | -------
| 351 | 3,014
| ---- | -------

7. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Trade creditors | 8,074 | 8,086
Social security and other taxes | 6,307 | –
Other creditors | 40,330 | 17,660
Directors loan account | 43,091 | 33,655
| -------- | --------
| 97,802 | 59,401
| -------- | --------

8. Related party transactions
During the year the director had a loan account with the company. The loan is interest free and repayable on demand. At the balance sheet date the amount owing to the director was £ 43,091 (2023 - £33,655).