Company No: 04453826 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	R Henderson
	W J Henderson

REGISTERED OFFICE	Nunsbrough House
	Hexham
	United Kingdom

COMPANY NUMBER

04453826 (England and Wales)

ACCOUNTANT	S&W Partners Newcastle Limited
	17 Queens Lane
	Newcastle
	NE1 1RN

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	8,797		10,412
		8,797		10,412
Current assets
Stocks		780		0
Debtors	5	1,200		0
Cash at bank and in hand		12,000		12,000
		13,980		12,000
Creditors: amounts falling due within one year	6	( 108,044)		( 113,187)
Net current liabilities		(94,064)		(101,187)
Total assets less current liabilities		(85,267)		(90,775)
Creditors: amounts falling due after more than one year	7	( 2,952)		( 7,032)
Provision for liabilities		( 1,672)		( 2,624)
Net liabilities		( 89,891)		( 100,431)
Capital and reserves
Called-up share capital		2		2
Profit and loss account		( 89,893 )		( 100,433 )
Total shareholders' deficit		( 89,891)		( 100,431)

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Air Images Limited (registered number: 04453826) were approved and authorised for issue by the Board of Directors on 29 October 2025. They were signed on its behalf by:

R Henderson Director

W J Henderson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Air Images Ltd is a private company, limited by shares, registered in Not specified/Other. The company's registered number and registered office address can be found on the company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Current tax
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

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.

Goodwill

20 years straight line

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Plant and machinery etc.

15 - 25 % reducing balance

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 November 2023	87,000		87,000
At 31 October 2024	87,000		87,000
Accumulated amortisation
At 01 November 2023	87,000		87,000
At 31 October 2024	87,000		87,000
Net book value
At 31 October 2024	0		0
At 31 October 2023	0		0

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 November 2023	91,958		91,958
Additions	1,080		1,080
At 31 October 2024	93,038		93,038
Accumulated depreciation
At 01 November 2023	81,546		81,546
Charge for the financial year	2,695		2,695
Diff	1		1
At 31 October 2024	84,241		84,241
Net book value
At 31 October 2024	8,797		8,797
At 31 October 2023	10,412		10,412

5. Debtors

	2024		2023
	£		£
Trade debtors	1,200		0

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans and overdrafts	7,340		10,173
Trade creditors	1,877		4,571
Taxation and social security	8,285		3,333
Other creditors	90,542		95,110
	108,044		113,187

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	2,952		7,032

There are no amounts included above in respect of which any security has been given by the small entity.