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Company registration number: 09317955
Air & water Projects Ltd
Unaudited filleted financial statements
31 December 2025
Air & water Projects Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Air & water Projects Ltd
Directors and other information
Directors Mr V G Todorov
Company number 09317955
Registered office 24 Stanley Avenue
Essex
RM2 5DL
Business address 24 Stanley Avenue
Romford
Essex
RM2 5DL
Accountants Pritchard Fellows & Co Ltd
Avery House
8 Avery Hill Road
New Eltham
London
SE9 2BD
Air & water Projects Ltd
Statement of financial position
31 December 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 88,174 79,036
_______ _______
88,174 79,036
Current assets
Stocks 4,636 538,723
Debtors 6 431,624 272,392
Cash at bank and in hand 415,729 83,716
_______ _______
851,989 894,831
Creditors: amounts falling due
within one year 7 ( 352,089) ( 265,877)
_______ _______
Net current assets 499,900 628,954
_______ _______
Total assets less current liabilities 588,074 707,990
_______ _______
Net assets 588,074 707,990
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 587,974 707,890
_______ _______
Shareholders funds 588,074 707,990
_______ _______
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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 22 September 2026 , and are signed on behalf of the board by:
Mr V G Todorov
Director
Company registration number: 09317955
Air & water Projects Ltd
Notes to the financial statements
Year ended 31 December 2025
1. General information
The company is a private company limited by shares, registered in England and wales. The address of the registered office is 24 Stanley Avenue, Essex, RM2 5DL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
Fittings fixtures and equipment - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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. 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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2024: 2 ).
5. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 January 2025 6,984 98,640 105,624
Additions 791 30,521 31,312
_______ _______ _______
At 31 December 2025 7,775 129,161 136,936
_______ _______ _______
Depreciation
At 1 January 2025 5,716 20,872 26,588
Charge for the year 515 21,659 22,174
_______ _______ _______
At 31 December 2025 6,231 42,531 48,762
_______ _______ _______
Carrying amount
At 31 December 2025 1,544 86,630 88,174
_______ _______ _______
At 31 December 2024 1,268 77,768 79,036
_______ _______ _______
6. Debtors
2025 2024
£ £
Trade debtors 197,513 28,432
Other debtors 234,111 243,960
_______ _______
431,624 272,392
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 805 -
Trade creditors 139,622 115,962
Corporation tax 88,510 27,956
Social security and other taxes 89,318 82,613
Other creditors 33,834 39,346
_______ _______
352,089 265,877
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2025
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr V G Todorov 168,532 ( 6,878) 161,654
_______ _______ _______
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr V G Todorov 85,699 82,833 168,532
_______ _______ _______