Registration number: 06464424

Air Projects Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 7

Air Projects Limited

Company Information

Directors

A J Wheal M L Wheeler

Registered office

4 Swanbridge Industrial Park Black Croft Road Witham Essex United Kingdom CM8 3YN

Auditors

Clement Rabjohns Limited Registered Auditors and Chartered Accountants111/113 High Street Evesham Worcestershire WR11 4XP

Air Projects Limited

(Registration number: 06464424)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	8,777	9,421
Current assets
Stocks	5	2,000	2,000
Debtors	6	2,063,948	1,491,734
Cash at bank and in hand		16,389	49,604
		2,082,337	1,543,338
Creditors: Amounts falling due within one year	7	(258,136)	(195,880)
Net current assets		1,824,201	1,347,458
Total assets less current liabilities		1,832,978	1,356,879
Provisions for liabilities		2,215	(1,956)
Net assets		1,835,193	1,354,923
Capital and reserves
Called up share capital		20	20
Retained earnings		1,835,173	1,354,903
Shareholders' funds		1,835,193	1,354,923

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 September 2026 and signed on its behalf by:
 

......................................... M L Wheeler Director

Air Projects Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
4 Swanbridge Industrial Park
Black Croft Road
Witham
Essex
CM8 3YN
United Kingdom

These financial statements were authorised for issue by the Board on 16 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Air Projects Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Going concern

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 16 September 2026 was Philip Parsons FCA, who signed for and on behalf of Clement Rabjohns Limited.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Air Projects Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Improvements to property	Straight line over 20 years
Fixtures and fittings	25% on cost
Motor vehicles	25% on cost

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 21 (2024 - 18).

Air Projects Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

4	Tangible assets

	Fixtures and fittings £	Motor vehicles  £	Total £
Cost or valuation
At 1 October 2024	77,818	46,983	124,801
Additions	4,918	18,570	23,488
At 30 September 2025	82,736	65,553	148,289
Depreciation
At 1 October 2024	68,397	46,983	115,380
Charge for the year	5,562	18,570	24,132
At 30 September 2025	73,959	65,553	139,512
Carrying amount
At 30 September 2025	8,777	-	8,777
At 30 September 2024	9,421	-	9,421

5

Stocks

	2025 £	2024 £
Raw materials and consumables	2,000	2,000

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		188,518	223,280
Amounts owed by related parties		1,820,613	1,244,152
Prepayments		54,424	24,302
Other debtors		393	-
		2,063,948	1,491,734

Air Projects Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		33,652	30,864
Amounts owed to group undertakings and undertakings in which the company has a participating interest		5,041	-
Taxation and social security		62,306	80,951
Accruals and deferred income		157,137	72,666
Other creditors		-	11,399
		258,136	195,880

8	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	43,205	39,005
Later than one year and not later than five years	105,391	81,987
	148,596	120,992

The amount of non-cancellable operating lease payments recognised as an expense during the year was £47,461 (2024 - £38,769).

9	Parent and ultimate parent undertaking

The company's immediate parent is EA-RS Group Limited, incorporated in the United Kingdom.

 The ultimate parent is ES-RS Fire Engineering Group Limited, incorporated in the United Kingdom.

  These financial statements are available upon request from 4 Swanbridge Industrial Park, Black Croft Road, Witham, Essex, CM8 3YN