REGISTERED NUMBER: 05340047 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

AIRSPACE SOLUTIONS.COM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G M Gerrish

Mrs L Gerrish

SECRETARY:

Mrs L Gerrish

REGISTERED OFFICE:

Unit 17

Tafarnaubach Industrial

Estate

Tredegar

Gwent

NP22 3AA

REGISTERED NUMBER:

05340047 (England and Wales)

ACCOUNTANTS:

Neuhoff & Co

Chartered Accountants

Claydons Barns

11 Towcester Road

Whittlebury

Northamptonshire

NN12 8XU

BANKERS:

National Westminster Bank Plc

7 High Street

Marlow

Buckinghamshire

SL7 1BZ

FIXED ASSETS

Tangible assets

4

77,291

58,044

CURRENT ASSETS

Stocks

266,597

257,901

Debtors

5

543,623

612,288

Cash at bank and in hand

509,762

268,120

1,319,982

1,138,309

CREDITORS

Amounts falling due within one year

6

(476,798

)

(349,137

)

NET CURRENT ASSETS

843,184

789,172

TOTAL ASSETS LESS CURRENT LIABILITIES

920,475

847,216

CREDITORS

Amounts falling due after more than one year

7

(3,000

)

(39,000

)

NET ASSETS

917,475

808,216

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

917,375

808,116

SHAREHOLDERS' FUNDS

917,475

808,216

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2026 and were signed on its behalf by:

G M Gerrish - Director

1.	STATUTORY INFORMATION

Airspace Solutions.com 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

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

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

-

25% on cost, 15% on cost and 10% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

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.

Government grants

Government grants towards the purchase of plant and machinery are taken to a deferred income account and credited to the Profit and Loss Account as the asset is amortised.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

242,233

Additions

34,899

At 31 October 2025

277,132

DEPRECIATION

At 1 November 2024

184,189

Charge for year

15,652

At 31 October 2025

199,841

NET BOOK VALUE

At 31 October 2025

77,291

At 31 October 2024

58,044

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

303,872

351,153

Amounts owed by group undertakings

69,780

90,030

Other debtors

169,971

171,105

543,623

612,288

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

36,000

36,000

Trade creditors

168,800

141,035

Taxation and social security

150,687

167,602

Other creditors

121,311

4,500

476,798

349,137

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,000

39,000

The Bank Loan has been made under the CBIL Scheme with the Partial Guarantee provided by the Department of Business Energy and Industrial Strategy. Further Security is provided under a charge created on 6 October 2011 with National Westminster Bank PLc.the loan is for a term of 72 months with repayments having commenced in December 2021.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

G M Gerrish and Mrs L Gerrish

Balance outstanding at start of year

123,500

-

Amounts advanced

29,480

123,500

Amounts repaid

(26,100

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

126,880

123,500

It is the intention of the Directors to make arrangements for the repayment of the outstanding loans at the earliest opportunity.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Just Air Holdings Ltd.