REGISTERED NUMBER: 06995816 (England and Wales)

AIRPORT FACILITIES (MAINTENANCE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K J W Weir

D R Churcher

REGISTERED OFFICE:

Suite 6 Furzehall Farm

110 Wickham Road

Fareham

Hampshire

PO16 7JH

REGISTERED NUMBER:

06995816 (England and Wales)

FIXED ASSETS

Tangible assets

4

210,810

317,666

CURRENT ASSETS

Debtors

5

2,411,272

4,248,628

Cash at bank

771,650

75,721

3,182,922

4,324,349

CREDITORS

Amounts falling due within one year

6

(1,580,256

)

(3,657,463

)

NET CURRENT ASSETS

1,602,666

666,886

TOTAL ASSETS LESS CURRENT LIABILITIES

1,813,476

984,552

CREDITORS

Amounts falling due after more than one year

7

(141,009

)

(214,281

)

PROVISIONS FOR LIABILITIES

(52,703

)

(79,417

)

NET ASSETS

1,619,764

690,854

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,619,763

690,853

SHAREHOLDERS' FUNDS

1,619,764

690,854

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 31 July 2026 and were signed on its behalf by:

K J W Weir - Director

1.	STATUTORY INFORMATION

Airport Facilities (Maintenance) 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Turnover

Turnover represents the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of value added tax.

Where turnover relates to long term projects, it is recognised based on the percentage completion of each project, making due allowance for any loss making contracts at the point at which the loss becomes foreseeable.

Amounts recoverable on contracts

The value of work completed on a contract, less amounts invoiced to customers to date, are recognised in accounts recoverable on contracts within current assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

Straight line over 4 years

Computer equipment

-

Straight line over 4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Taxation

Taxation for the year comprises current 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 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Financial assets

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2024

506,390

5,213

511,603

Additions

24,800

-

24,800

Disposals

(62,479

)

-

(62,479

)

At 31 October 2025

468,711

5,213

473,924

DEPRECIATION

At 1 November 2024

188,996

4,941

193,937

Charge for year

131,548

108

131,656

Eliminated on disposal

(62,479

)

-

(62,479

)

At 31 October 2025

258,065

5,049

263,114

NET BOOK VALUE

At 31 October 2025

210,646

164

210,810

At 31 October 2024

317,394

272

317,666

The net book value of assets held under hire purchase agreements at the balance sheet date is £181,572 (2024: £271,798).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

903,457

1,927,941

Amounts owed by group undertakings

-

23,174

Amounts recoverable on

contracts

692,229

633,308

Other debtors

815,586

1,664,205

2,411,272

4,248,628

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

92,555

114,000

Trade creditors

306,715

474,290

Amounts owed to group undertakings

-

2,530,564

Taxation and social security

546,972

325,408

Other creditors

634,014

213,201

1,580,256

3,657,463

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

141,009

214,281

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

92,555

114,000

Between one and five years

141,009

214,281

233,564

328,281

Non-cancellable

operating leases

2025

2024

£

£

Within one year

126,893

144,452

Between one and five years

170,268

207,095

297,161

351,547

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

233,564

328,281

Hire purchase liabilities are secured against the assets to which the balances relate.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year amounts totalling £805,633 (2024: £Nil) were repaid by the directors.

At the balance sheet date, the company was owed £Nil (2024:£805,633) by the directors.

Loan amounts are interest free and repayable on demand.

11.	RELATED PARTY DISCLOSURES

From 13 December 2024, A F (Maintenance) Holdings Limited became the immediate and ultimate parent company.

Prior to this date, Cura Commercial Ltd was the immediate and ultimate parent company.