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Registered number: 01885331
Expressair International Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Advoco (SW) Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 01885331
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,417 14,573
14,417 14,573
CURRENT ASSETS
Debtors 5 26,652 26,238
Cash at bank and in hand 15,495 27,304
42,147 53,542
Creditors: Amounts Falling Due Within One Year 6 (65,581 ) (82,390 )
NET CURRENT ASSETS (LIABILITIES) (23,434 ) (28,848 )
TOTAL ASSETS LESS CURRENT LIABILITIES (9,017 ) (14,275 )
NET LIABILITIES (9,017 ) (14,275 )
CAPITAL AND RESERVES
Called up share capital 7 1,202 1,202
Profit and Loss Account (10,219 ) (15,477 )
SHAREHOLDERS' FUNDS (9,017) (14,275)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Townsend
Director
22 September 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Expressair International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01885331 . The registered office is 5-6 Horton Road Colnbrook, Slough, Berkshire, SL3 0DF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 25% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 69,501 8,500 20,524 15,446 113,971
Additions - - - 2,778 2,778
As at 31 December 2024 69,501 8,500 20,524 18,224 116,749
Depreciation
As at 1 January 2024 63,080 5,213 18,657 12,448 99,398
Provided during the period 522 821 280 1,311 2,934
As at 31 December 2024 63,602 6,034 18,937 13,759 102,332
Net Book Value
As at 31 December 2024 5,899 2,466 1,587 4,465 14,417
As at 1 January 2024 6,421 3,287 1,867 2,998 14,573
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,672 16,916
Prepayments and accrued income 3,980 3,322
Other debtors 6,000 6,000
26,652 26,238
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,105 21,194
Social security and other tax 224 950
VAT 1,258 1,366
Credit card 266 1,091
Other creditor 229 295
Accrued expenses 1,930 1,800
Director's loan account 45,569 55,694
65,581 82,390
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,202 1,202
Page 3