REGISTERED NUMBER: 05689427 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

AIR FLOW SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T B Friend

SECRETARY:

REGISTERED OFFICE:

No 3 Kent House Old Bexley Business Park

19 Bourne Road

Bexley

Kent

DA5 1LR

REGISTERED NUMBER:

05689427 (England and Wales)

ACCOUNTANTS:

In The Cloud Accounting

Springhaven

1a Barnfield Close

Hastings

East Sussex

TN34 1TS

FIXED ASSETS

Tangible assets

4

116,029

28,465

CURRENT ASSETS

Stocks

1,795

1,795

Debtors

5

535,072

799,259

Investments

6

8,231

489,755

Cash at bank

516,071

601,425

1,061,169

1,892,234

CREDITORS

Amounts falling due within one year

7

(387,368

)

(446,244

)

NET CURRENT ASSETS

673,801

1,445,990

TOTAL ASSETS LESS CURRENT LIABILITIES

789,830

1,474,455

CREDITORS

Amounts falling due after more than one year

8

(54,107

)

(27,500

)

NET ASSETS

735,723

1,446,955

CAPITAL AND RESERVES

Called up share capital

9

-

50

Capital redemption reserve

10

100

50

Retained earnings

10

735,623

1,446,855

SHAREHOLDERS' FUNDS

735,723

1,446,955

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 director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 May 2025 and were signed by:

T B Friend - Director

1.	STATUTORY INFORMATION

Air Flow Services 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Amounts recoverable on contracts

Turnover on contracts is determined on the basis of the proportion of work completed at the balance sheet date to the total contract value. Operating profit includes attributable profit on the contracts. Amounts recoverable on contracts are included under debtors due within on year

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2024

32,540

3,250

1,400

37,190

Additions

11,750

85,500

2,162

99,412

At 31 January 2025

44,290

88,750

3,562

136,602

DEPRECIATION

At 1 February 2024

6,397

1,309

1,019

8,725

Charge for year

7,578

4,048

222

11,848

At 31 January 2025

13,975

5,357

1,241

20,573

NET BOOK VALUE

At 31 January 2025

30,315

83,393

2,321

116,029

At 31 January 2024

26,143

1,941

381

28,465

5.

DEBTORS

31.1.25

31.1.24

£

£

Amounts falling due within one year:

Amounts recoverable on contracts

392,627

472,768

Directors' current accounts

8,687

150,030

Tax

22,395

61,181

VAT

58,519

63,336

482,228

747,315

Amounts falling due after more than one year:

Other debtors

52,844

51,944

Aggregate amounts

535,072

799,259

6.	CURRENT ASSET INVESTMENTS

31.1.25

31.1.24

£

£

Listed investments

8,231

489,755

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Hire purchase contracts

11,125

-

Trade creditors

144,534

102,569

Tax

131,751

153,646

Social security and other taxes

14,833

14,766

Other creditors

-

456

Directors' current accounts

8,362

-

Accrued expenses

76,763

174,807

387,368

446,244

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans - 1-2 years

10,000

10,000

Bank loans - 2-5 years

6,986

17,500

Hire purchase contracts

37,121

-

54,107

27,500

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

1

Ordinary

10p

-

50

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 February 2024

1,446,855

50

1,446,905

Profit for the year

478,768

478,768

Dividends

(40,000

)

(40,000

)

Purchase of own shares

(1,150,000

)

50

(1,149,950

)

At 31 January 2025

735,623

100

735,723

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

D Friend

Balance outstanding at start of year

150,031

82,783

Amounts advanced

-

212,248

Amounts repaid

(150,031

)

(145,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

150,031

T B Friend

Balance outstanding at start of year

-

-

Amounts advanced

8,687

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,687

-

At the end of the accounting period the director owed an amount of £8,687 (2024 £nil) included within Other Debtors

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 (2024 - £145,000) were paid to the directors .

The controlling party is T B Friend.