Advanced Air Systems Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06625224

ADVANCED AIR SYSTEMS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 July 2025

ADVANCED AIR SYSTEMS LIMITED

STATEMENT OF FINANCIAL POSITION

31 July 2025

	2025		2024
Note	£	£	£	£

Fixed Assets

Tangible assets	5		9,405		12,651

Current Assets

Stocks		78,404	76,054
Debtors	6	106,315	127,931
Cash at bank and in hand		62,920	54,482
		----------	----------
		247,639	258,467

Creditors: amounts falling due within one year	7	112,007		132,038
		----------		----------
Net Current Assets			135,632		126,429
			----------		----------
Total Assets Less Current Liabilities			145,037		139,080

Creditors: amounts falling due after more than one year	8	847	5,005
		----------	----------
Net Assets		144,190	134,075
		----------	----------

ADVANCED AIR SYSTEMS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 July 2025

	2025		2024
Note	£	£	£	£

Capital and Reserves

Called up share capital	100	100
Profit and loss account	144,090	133,975
	----------	----------
Shareholders Funds	144,190	134,075
	----------	----------

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 year ending 31 July 2025 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 year 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 .

These financial statements were approved by the board of directors and authorised for issue on 21 October 2025 , and are signed on behalf of the board by:

A Neesham
Director

Company registration number: 06625224

ADVANCED AIR SYSTEMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2025

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 5 East Side, Northumberland Avenue, Hull, HU2 0LN, England.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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:

Plant and machinery	-	25% reducing balance
Equipment	-	25% reducing balance
Motor cars	-	25% reducing balance
Equipment	-	25% reducing balance

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

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.

Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined Contribution Plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).

5. Tangible Assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 August 2024 and 31 July 2025	12,982	6,418	26,526	16,882	62,808
	---------	-------	---------	---------	---------
Depreciation
At 1 August 2024	11,375	5,442	19,314	14,026	50,157
Charge for the year	402	244	1,443	1,157	3,246
	---------	-------	---------	---------	---------
At 31 July 2025	11,777	5,686	20,757	15,183	53,403
	---------	-------	---------	---------	---------
Carrying amount
At 31 July 2025	1,205	732	5,769	1,699	9,405
	---------	-------	---------	---------	---------
At 31 July 2024	1,607	976	7,212	2,856	12,651
	---------	-------	---------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	104,202	125,219
Other debtors	2,113	2,712
	----------	----------
	106,315	127,931
	----------	----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	4,069	3,980
Trade creditors	67,965	78,164
Social security and other taxes	21,150	30,980
Other creditors	18,823	18,914
	----------	----------
	112,007	132,038
	----------	----------

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

	2025	2024
	£	£
Bank loans and overdrafts	847	5,005
	----	-------