Airedale Electrical Services (Skipton) Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

Airedale Electrical Services (Skipton) Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 03016567 . The registered office is Riverside Grange Old Mill Lane, Grassington, Skipton, BD23 5BX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	No depreciation
Plant & Machinery	10% straight line
Fixtures & Fittings	15% straight line

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Financial Instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual

provisions of the instrument.

Basic financial instruments are initially recognised at the transactions 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.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Airedale Electrical Services (Skipton) Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is

probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation

can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount

of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting

date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount

that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised

in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is

measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the

discount is recognised in finance costs in profit or loss in the period is arises.

2.8. Impairment

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. 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.

The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows

that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of

goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cashgenerating

units that are expected to benefit from the synergies of the combination, irrespective of whether other

assets or liabilities of the company are assigned to those units.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 September 2024	964,871	1,050	3,326	969,247

As at 31 August 2025	964,871	1,050	3,326	969,247

Depreciation
As at 1 September 2024	-	420	2,968	3,388
Provided during the period	-	105	198	303

As at 31 August 2025	-	525	3,166	3,691

Net Book Value
As at 31 August 2025	964,871	525	160	965,556

As at 1 September 2024	964,871	630	358	965,859

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Airedale Electrical Services (Skipton) Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1,601	1,204

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	3,090	-
Other creditors	628,042	621,895
Taxation and social security	21,633	24,518

	652,765	646,413

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

8. Related Party Transactions

During the period, dividends of £nil (2024 - £667) were paid to the directors.

Included in creditors: amounts falling due within one year is a director's loan account balance of £622,527 (2024 - 610,657) owing to Mr R Anderson. The loan is interest free and repayable on demand.

9. Ultimate Controlling Party

The company is under the control of Mr R Anderson, who is interested in 100% of the company's

issued share capital.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		965,556		965,859

			965,556		965,859
CURRENT ASSETS
Debtors	5	1,601		1,204
Cash at bank and in hand		2,081		3,672

		3,682		4,876
Creditors: Amounts Falling Due Within One Year	6	(652,765 )		(646,413 )

NET CURRENT ASSETS (LIABILITIES)			(649,083 )		(641,537 )

TOTAL ASSETS LESS CURRENT LIABILITIES			316,473		324,322

NET ASSETS			316,473		324,322

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			316,373		324,222

SHAREHOLDERS' FUNDS			316,473		324,322