Airfield Aggregates Ltd Filleted accounts for Companies House (small and micro)

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).