REGISTERED NUMBER: 02591971 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

AIRMARK SYSTEMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs O M Colebrook

Mr J J Colebrook

SECRETARY:

Mrs A I Colebrook

REGISTERED OFFICE:

Adams Close

Heanor Gate Industrial Estate

Heanor

Derbyshire

DE75 7SW

REGISTERED NUMBER:

02591971 (England and Wales)

ACCOUNTANTS:

TC Group

10 Stadium Business Court

Millennium Way

Pride Park

Derby

Derbyshire

DE24 8HP

FIXED ASSETS

Tangible assets

4

3,438

4,584

CURRENT ASSETS

Stocks

28,329

32,761

Debtors

5

55,097

39,414

Cash at bank

8,850

-

92,276

72,175

CREDITORS

Amounts falling due within one year

6

485,196

425,031

NET CURRENT LIABILITIES

(392,920

)

(352,856

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(389,482

)

(348,272

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(389,582

)

(348,372

)

SHAREHOLDERS' FUNDS

(389,482

)

(348,272

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2026 and were signed on its behalf by:

Mr J J Colebrook - Director

1.	STATUTORY INFORMATION

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

The financial statements have been prepared on a going concern basis which assumes the continued support of Isolated Systems Limited a related party and significant customer. Isolated Systems Limited has confirmed it is prepared to support the company for a period of not less than twelve months from the signing of these financial statements. On that basis the accounts do not include any of the adjustments which would be necessary should the going concern basis not be appropriate.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible fixed assets

All fixed assets are initially recorded at cost.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance

Fixtures and fittings - 20% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Stocks

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

40,212

64,697

104,909

DEPRECIATION

At 1 April 2025

37,387

62,938

100,325

Charge for year

706

440

1,146

At 31 March 2026

38,093

63,378

101,471

NET BOOK VALUE

At 31 March 2026

2,119

1,319

3,438

At 31 March 2025

2,825

1,759

4,584

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

53,616

38,229

Prepayments and accrued income

1,481

1,185

55,097

39,414

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

-

3,152

Trade creditors

113,972

68,281

Social security and other taxes

1,039

2,211

VAT

7,786

3,801

Other creditors

344,910

324,000

Directors' current accounts

2,500

2,500

Accruals and deferred income

14,989

21,086

485,196

425,031

7.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank overdraft

-

3,152

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

At the year end, the company owed Isolated Systems Ltd £344,000 (2025: £324,000). This balance is included in Other Creditors. No interest is charged on this loan as it is repayable on demand.

Included in Trade Debtors are £47,837 receivable from Isolated Systems Ltd.

Included in Trade Creditors are £94,800 due to Isolated Systems Ltd and £2,513 due to Prilex Ltd.

All of the above companies are related parties.