Airfotos Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02411685

Airfotos Ltd

Filleted Unaudited Financial Statements

31 March 2025

Airfotos Ltd

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		1,121	1,321

Current assets

Debtors	5	116	66
Cash at bank and in hand		1,659	3,279
		-------	-------
		1,775	3,345

Creditors: amounts falling due within one year	6	1,401		1,551
		-------		-------
Net current assets			374	1,794
			-------	-------
Total assets less current liabilities			1,495	3,115
			-------	-------
Net assets			1,495	3,115
			-------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,395	3,015
	-------	-------
Shareholders funds	1,495	3,115
	-------	-------

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 March 2025 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Airfotos Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 12 November 2025 , and are signed on behalf of the board by:

C M McLeod

Director

Company registration number: 02411685

Airfotos Ltd

Notes to the Financial Statements

Year ended 31 March 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 Southside, Woolsington, Newcastle Upon Tyne, NE13 8BT.

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. The financial statements are prepared in sterling, which is the functional currency of the entity, rounded to the nearest £1. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. 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. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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 & machinery	-	15% reducing balance
Fixtures & fittings	-	15% 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.

4. Tangible assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	6,778	724	7,502
	-------	----	-------
Depreciation
At 1 April 2024	5,870	311	6,181
Charge for the year	136	64	200
	-------	----	-------
At 31 March 2025	6,006	375	6,381
	-------	----	-------
Carrying amount
At 31 March 2025	772	349	1,121
	-------	----	-------
At 31 March 2024	908	413	1,321
	-------	----	-------

5. Debtors

	2025	2024
	£	£
Other debtors	116	66
	----	----

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	901	–
Social security and other taxes	–	101
Other creditors	500	1,450
	-------	-------
	1,401	1,551
	-------	-------