Company Registration No. 06147737 (England and Wales)
AIREBOX LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
PAGES FOR FILING WITH REGISTRAR
AIREBOX LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
AIREBOX LIMITED
BALANCE SHEET
AS AT
31 MARCH 2019
31 March 2019
- 1 -
2019
2018
Notes
£
£
£
£
Fixed assets
Investments
3
4,032
4,032
Current assets
Debtors
4
921
921
Net current assets
921
921
Total assets less current liabilities
4,953
4,953
Capital and reserves
Called up share capital
5
4,509
4,509
Capital redemption reserve
100
100
Profit and loss reserves
344
344
Total equity
4,953
4,953
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 4 September 2019 and are signed on its behalf by:
Mr J M Gill
Director
Company Registration No. 06147737
AIREBOX LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
- 2 -
1
Accounting policies
Company information
Airebox Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Unit B, National Court, Fox Way South, Accomodation Road, Leeds, LS10 1PS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Fixed asset investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company
. Control is
the power to govern the financial and operating policies of
the
entity so as to obtain benefits from its activities.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other receivables are measured at transaction price
.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including trade and other payables
and
loans from
fellow group companies are recognised at transaction price
.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was: 4 (2017: 4).
AIREBOX LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2019
- 3 -
3
Fixed asset investments
2019
2018
£
£
Investments
4,032
4,032
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 April 2018 & 31 March 2019
4,032
Carrying amount
At 31 March 2019
4,032
At 31 March 2018
4,032
4
Debtors
2019
2018
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
914
914
Other debtors
7
7
921
921
5
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
4,002 Ordinary shares of £1 each
4,002
4,002
500 Ordinary B shares of £1 each
500
500
1 Ordinary C shares of £1 each
1
1
1 Ordinary D share of £1 each
1
1
1 Ordinary E share of £1 each
1
1
1 Ordinary F share of £1 each
1
1
1 Ordinary G share of £1 each
1
1
1 Ordinary H share of £1 each
1
1
1 Ordinary I share of £1 each
1
1
4,509
4,509