Company Registration No. 14022597 (England and Wales)
AIRAIZ LIMITED
Unaudited accounts
for the year ended 31 March 2025
AIRAIZ LIMITED
Unaudited accounts
Contents
AIRAIZ LIMITED
Company Information
for the year ended 31 March 2025
Directors
Lawinjeya Chandrakumaran
Gintas Karpavicius
Company Number
14022597 (England and Wales)
Registered Office
14 Hanover Square
London
W1S 1BN
England
Accountants
Aikon Accountants Limited
17 Hanover Square
London
W1S 1BN
AIRAIZ LIMITED
Statement of financial position
as at 31 March 2025
Intangible assets
112,344
81,956
Tangible assets
1,809
3,374
Cash at bank and in hand
165,575
238,941
Creditors: amounts falling due within one year
(104,249)
(126,795)
Net current assets
85,151
130,415
Net assets
199,304
215,745
Called up share capital
1,000
1,000
Profit and loss account
198,304
214,745
Shareholders' funds
199,304
215,745
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by
Lawinjeya Chandrakumaran
Director
Company Registration No. 14022597
AIRAIZ LIMITED
Notes to the Accounts
for the year ended 31 March 2025
AIRAIZ LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14022597. The registered office is 14 Hanover Square, London, W1S 1BN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 GBP, which is the functional currency of the entity.
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.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Web based application and platform 25% Straight Line.
AIRAIZ LIMITED
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Other
Charge for the year
33,497
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
12,500
10,000
Accrued income and prepayments
-
1,222
Other debtors
11,110
1,892
AIRAIZ LIMITED
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
5,230
3,243
Deferred income
94,368
112,875
8
Average number of employees
During the year the average number of employees was 4 (2024: 3).