REGISTERED NUMBER: 06065045 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

AIR ABILITY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Williams

N C Williams

Mrs M K Wren

REGISTERED OFFICE:

44 Westley Grange

West Avenue

Wigston

Leicestershire

LE18 2FB

REGISTERED NUMBER:

06065045 (England and Wales)

BANKERS:

NatWest Bank Plc

Scotland Corp Service Centre Audit Team

Drummond House

1 Redheughs Lane

Edinburgh

EH12 9JN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

312,020

315,144

312,020

315,144

CURRENT ASSETS

Debtors

215,212

247,866

Cash at bank

301,623

278,579

516,835

526,445

CREDITORS

Amounts falling due within one year

273,142

301,644

NET CURRENT ASSETS

243,693

224,801

TOTAL ASSETS LESS CURRENT LIABILITIES

555,713

539,945

PROVISIONS FOR LIABILITIES

21,141

18,477

NET ASSETS

534,572

521,468

CAPITAL AND RESERVES

Called up share capital

6

75

75

Capital redemption reserve

25

25

Retained earnings

534,472

521,368

SHAREHOLDERS' FUNDS

534,572

521,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 8 August 2025 and were signed on its behalf by:

Mrs M K Wren - Director

N C Williams - Director

S Williams - Director

1.	STATUTORY INFORMATION

Air Ability 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

Turnover

Turnover comprises the value of sales (excluding value added tax) of goods and services provided in the normal course of business.

Goodwill

Positive purchased goodwill arising on acquisition is capitalised, classified as an asset on the balance sheet and amortised over its estimated useful life of 2 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold buildings

-

straight line over 50 years

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

and 31 January 2025

11,000

AMORTISATION

At 1 February 2024

and 31 January 2025

11,000

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

452,855

Additions

37,039

Disposals

(19,995

)

At 31 January 2025

469,899

DEPRECIATION

At 1 February 2024

137,711

Charge for year

37,693

Eliminated on disposal

(17,525

)

At 31 January 2025

157,879

NET BOOK VALUE

At 31 January 2025

312,020

At 31 January 2024

315,144

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

75

Ordinary

£1

75

75

7.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of one of the directors and certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £62,959 (2024 - £55,201). At the year end there was a balance outstanding amounting to £22,523 (2024 - £22,344).