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Company Registration No. 02504413 (England and Wales)
City Air Express (n.i.) Ltd. Unaudited accounts for the year ended 31 December 2025
City Air Express (n.i.) Ltd. Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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City Air Express (n.i.) Ltd. Company Information for the year ended 31 December 2025
Directors
Jamie KNAPPER Jason KNAPPER Stephen WALLACE
Company Number
02504413 (England and Wales)
Registered Office
City Air Express (Ni) Ltd 1 Ordinal Street Trafford Park Manchester Lancashire M17 1GB England
Accountants
Teim Accountants The Print House 18 Ashwin Street London LONDON E8 3DL
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of City Air Express (n.i.) Ltd. for the year ended 31 December 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of City Air Express (n.i.) Ltd. for the year ended 31 December 2025 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of City Air Express (n.i.) Ltd., as a body, in accordance with the terms of our engagement letter dated 20 February 2026. Our work has been undertaken solely to prepare for your approval the accounts of City Air Express (n.i.) Ltd. and state those matters that we have agreed to state to the Board of Directors of City Air Express (n.i.) Ltd., as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than City Air Express (n.i.) Ltd. and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that City Air Express (n.i.) Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of City Air Express (n.i.) Ltd.. You consider that City Air Express (n.i.) Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of City Air Express (n.i.) Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Teim Accountants Chartered Certified Accountants The Print House 18 Ashwin Street London LONDON E8 3DL 11 March 2026
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City Air Express (n.i.) Ltd. Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
403,155
443,426
Current assets
Debtors
5
2,149,801
1,890,930
Cash at bank and in hand
14,760
5,370
2,164,561
1,896,300
Creditors: amounts falling due within one year
6
(1,722,377)
(1,695,895)
Net current assets
442,184
200,405
Total assets less current liabilities
845,339
643,831
Creditors: amounts falling due after more than one year
7
(156,230)
-
Provisions for liabilities
Deferred tax
8
(78,438)
-
Other provisions
-
(50,193)
(78,438)
(50,193)
Net assets
610,671
593,638
Capital and reserves
Called up share capital
100
100
Profit and loss account
610,571
593,538
Shareholders' funds
610,671
593,638
For the year ending 31 December 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 31 March 2026 and were signed on its behalf by
Jamie KNAPPER Director Company Registration No. 02504413
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City Air Express (n.i.) Ltd. Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
City Air Express (n.i.) Ltd. is a private company, limited by shares, registered in England and Wales, registration number 02504413. The registered office is City Air Express (Ni) Ltd, 1 Ordinal Street, Trafford Park, Manchester, Lancashire, M17 1GB, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. 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 credited or charged to profit or loss. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant & machinery
12.5% straight line
Motor vehicles
25% straight line
Fixtures & fittings
12.5% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
87,534
337,138
239,177
663,849
At 31 December 2025
87,534
337,138
239,177
663,849
Depreciation
At 1 January 2025
26,588
133,372
60,463
220,423
Charge for the year
6,101
15,308
18,862
40,271
At 31 December 2025
32,689
148,680
79,325
260,694
Net book value
At 31 December 2025
54,845
188,458
159,852
403,155
At 31 December 2024
60,946
203,766
178,714
443,426
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City Air Express (n.i.) Ltd. Notes to the Accounts for the year ended 31 December 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
927,498
893,184
Deferred tax asset
-
43,815
Accrued income and prepayments
1,222,303
953,931
2,149,801
1,890,930
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
673,512
706,215
Taxes and social security
210,406
181,936
Proposed dividends
68,459
-
Other creditors
770,000
807,744
1,722,377
1,695,895
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
156,230
-
8
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
78,438
(43,815)
2025
2024
£
£
Provision at start of year
(43,815)
(43,815)
Charged to the profit and loss account
122,253
-
Provision at end of year
78,438
(43,815)
9
Average number of employees
During the year the average number of employees was 26 (2024: 25).
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