Friars Airfield Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05117212 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

FRIARS AIRFIELD SOLUTIONS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N E Austin

Mrs H Austin

SECRETARY:

Mrs H Austin

REGISTERED OFFICE:

Unit J5 Harrison Road

Airfield Business Park

Market Harborough

Leicestershire

LE16 7UL

REGISTERED NUMBER:

05117212 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

177,048

205,616

177,048

205,616

CURRENT ASSETS

Stocks

5,970

3,560

Debtors

82,194

22,247

Cash at bank and in hand

191,051

378,025

279,215

403,832

CREDITORS

Amounts falling due within one year

108,701

142,779

NET CURRENT ASSETS

170,514

261,053

TOTAL ASSETS LESS CURRENT
LIABILITIES

347,562

466,669

PROVISIONS FOR LIABILITIES

44,262

49,798

NET ASSETS

303,300

416,871

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

303,200

416,771

SHAREHOLDERS' FUNDS

303,300

416,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

N E Austin - Director

1.	STATUTORY INFORMATION

Friars Airfield Solutions 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover

Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

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.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Leasehold improvements

-

20% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and furniture

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

17,747

AMORTISATION

At 1 April 2024

and 31 March 2025

17,747

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

310,270

Additions

123,659

Disposals

(117,445

)

At 31 March 2025

316,484

DEPRECIATION

At 1 April 2024

104,654

Charge for year

54,356

Eliminated on disposal

(19,574

)

At 31 March 2025

139,436

NET BOOK VALUE

At 31 March 2025

177,048

At 31 March 2024

205,616

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

12,383

Between one and five years

12,383

24,766

37,149

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

N E Austin and Mrs H Austin

Balance outstanding at start of year

-

Amounts advanced

61,646

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

61,646

-

8.	CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.