REGISTERED NUMBER: 04422304 (England and Wales)

Air South West 2000 Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

N A Bruce

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

04422304 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

Lloyds Bank plc

15 High Street

Westbury-on-Trym

Bristol

BS9 3DA

FIXED ASSETS

Intangible assets

5

22,434

29,912

Tangible assets

6

237

468

Investments

7

493,907

493,907

516,578

524,287

CURRENT ASSETS

Stocks

6,300

4,200

Debtors

105,176

58,359

Cash at bank and in hand

38,774

39,788

150,250

102,347

CREDITORS

Amounts falling due within one year

579,852

532,879

NET CURRENT LIABILITIES

(429,602

)

(430,532

)

TOTAL ASSETS LESS CURRENT LIABILITIES

86,976

93,755

CREDITORS

Amounts falling due after more than one year

(1,667

)

(12,419

)

PROVISIONS FOR LIABILITIES

(59

)

(117

)

NET ASSETS

85,250

81,219

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

85,150

81,119

SHAREHOLDERS' FUNDS

85,250

81,219

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 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.

All the members have consented to the preparation of an abridged Statement of Financial Position 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 director and authorised for issue on 17 December 2025 and were signed by:

N A Bruce - Director

1.	STATUTORY INFORMATION

Air South West 2000 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Air South West 2000 Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

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.

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

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

149,560

AMORTISATION

At 1 April 2024

119,648

Amortisation for year

7,478

At 31 March 2025

127,126

NET BOOK VALUE

At 31 March 2025

22,434

At 31 March 2024

29,912

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

699

DEPRECIATION

At 1 April 2024

231

Charge for year

231

At 31 March 2025

462

NET BOOK VALUE

At 31 March 2025

237

At 31 March 2024

468

7.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2024

and 31 March 2025

493,907

NET BOOK VALUE

At 31 March 2025

493,907

At 31 March 2024

493,907

During the year ending 31 March 2017, the company purchased 100% of the shareholdings of CHS Plant & Tool Hire Ltd.

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

11,667

48,419

The bank loans and overdraft are secured by a fixed and floating charge over the assets of the company and a personal guarantee given by the director.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N A Bruce.

The company was controlled throughout the current and previous period by its director by virtue of the fact that he owns all of the issued share capital.