Ward Air Systems Limited - Filleted accounts

Registered number

04486982

Ward Air Systems Limited

Filleted Accounts

31 January 2026

Ward Air Systems Limited
Registered number:		04486982
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		298,045			221,716

Current assets
Stocks		12,500			12,500
Debtors	4	858,325			464,650
Cash at bank and in hand		1,586,357			1,106,831
		2,457,182			1,583,981

Creditors: amounts falling due within one year	5	(820,627)			(515,524)

Net current assets			1,636,555			1,068,457

Total assets less current liabilities			1,934,600			1,290,173

Creditors: amounts falling due after more than one year	6		(196,063)			(110,130)



Net assets			1,738,537			1,180,043

Capital and reserves
Called up share capital			3,750			3,750
Profit and loss account			1,734,787			1,176,293

Shareholders' funds			1,738,537			1,180,043

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Brett Clark
Director
Approved by the board on 28 October 2026

Ward Air Systems Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% and 33.33% reducing balance method
	Motor vehicles	25% reducing balance method

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Government grant
	Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.


	Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.



	Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.



	All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.



2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			8		7


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2025	62,128		317,129		379,257
	Additions	6,052		238,394		244,446
	Disposals	(30,003)		(213,982)		(243,985)
	At 31 January 2026	38,177		341,541		379,718

	Depreciation
	At 1 February 2025	35,896		121,645		157,541
	Charge for the year	8,478		62,917		71,395
	On disposals	(20,930)		(126,333)		(147,263)
	At 31 January 2026	23,444		58,229		81,673

	Net book value
	At 31 January 2026	14,733		283,312		298,045
	At 31 January 2025	26,232		195,484		221,716


4	Debtors			2026		2025
£					£

	Trade debtors			744,438		315,634
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			3,051		2,000
	Other debtors			110,836		147,016
				858,325		464,650


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Obligations under finance lease and hire purchase contracts			37,706		31,177
	Trade creditors			405,712		103,067
	Taxation and social security costs			315,024		345,832
	Other creditors			62,185		35,448
				820,627		515,524


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Obligations under finance lease and hire purchase contracts			196,063		110,130


7	Related party transactions

	Amount due to directors' at the end of year was £116 (2025 : £793).


8	Controlling party

	The company's ultimate controlling party is Ward Air Holdings Limited by virtue of his ownership of 100% of the issued share capital in the company.


9	Other information

	Ward Air Systems Limited is a private company limited by shares and incorporated in England. Its registered office is:
	15 The Waterways
	Stratford-Upon-Avon
	England
	CV37 0AW