REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 December 2022 |
|
for |
|
Airbase UK Interiors Ltd |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 December 2022 |
|
for |
|
Airbase UK Interiors Ltd |
Airbase UK Interiors Ltd (Registered number: 12068803) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 December 2022 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Income Statement | 2 |
|
Balance Sheet | 3 |
|
Notes to the Financial Statements | 5 |
|
Report of the Accountants | 11 |
Airbase UK Interiors Ltd |
|
Company Information |
for the Year Ended 31 December 2022 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Suite 102 |
No.1 Old Hall Street |
Liverpool |
Merseyside |
L3 9HF |
Airbase UK Interiors Ltd (Registered number: 12068803) |
|
Income Statement |
for the Year Ended 31 December 2022 |
|
31.12.22 | 31.12.21 |
Notes | £ | £ |
|
TURNOVER |
|
|
|
Cost of sales |
|
|
GROSS PROFIT |
|
|
|
Administrative expenses |
|
|
464,445 | (111,785 | ) |
|
Other operating income |
|
|
OPERATING PROFIT/(LOSS) | 4 |
|
( |
) |
|
|
Interest payable and similar
expenses |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
|
( |
) |
|
Tax on profit/(loss) |
|
|
PROFIT/(LOSS) FOR THE
FINANCIAL YEAR |
|
( |
) |
Airbase UK Interiors Ltd (Registered number: 12068803) |
|
Balance Sheet |
31 December 2022 |
|
31.12.22 | 31.12.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 6 |
|
|
Tangible assets | 7 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 8 |
|
|
Investments | 9 |
|
|
Prepayments and accrued income |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 10 |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
|
( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than
one year |
11 |
|
|
NET ASSETS |
|
|
Airbase UK Interiors Ltd (Registered number: 12068803) |
|
Balance Sheet - continued |
31 December 2022 |
|
31.12.22 | 31.12.21 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
|
|
Revaluation reserve | 13 |
|
|
Retained earnings | 13 |
|
( |
) |
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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 were approved by the Board of Directors and authorised for issue on
|
|
|
|
|
|
|
|
Airbase UK Interiors Ltd (Registered number: 12068803) |
|
Notes to the Financial Statements |
for the Year Ended 31 December 2022 |
|
1. | STATUTORY INFORMATION |
|
Airbase UK Interiors Ltd is a
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
Goodwill |
|
|
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
|
|
|
Tangible fixed assets |
|
Plant and machinery etc | - |
|
|
Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
|
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Airbase UK Interiors Ltd (Registered number: 12068803) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
|
2. | ACCOUNTING POLICIES - continued |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
|
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. |
|
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
|
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
|
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. | OPERATING PROFIT/(LOSS) |
|
The operating profit (2021 - operating loss) is stated after charging: |
|
31.12.22 | 31.12.21 |
£ | £ |
Depreciation - owned assets |
|
|
Goodwill amortisation |
|
|
Patents and licences amortisation |
|
|
|
5. | EXCEPTIONAL ITEMS |
31.12.22 | 31.12.21 |
£ | £ |
Understatement of rates and in
surance accruals in prior year |
(3,362 |
) |
(56,567 |
) |
Airbase UK Interiors Ltd (Registered number: 12068803) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
|
The exceptional items relate to material understatement of accruals for rates and insurance in the prior year. |
|
6. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
Goodwill | assets | Totals |
£ | £ | £ |
COST |
At 1 January 2022 |
|
|
|
Additions |
|
|
|
At 31 December 2022 |
|
|
|
AMORTISATION |
At 1 January 2022 |
|
|
|
Charge for year |
|
|
|
At 31 December 2022 |
|
|
|
NET BOOK VALUE |
At 31 December 2022 |
|
|
|
At 31 December 2021 |
|
|
|
|
7. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST OR VALUATION |
At 1 January 2022 |
|
Additions |
|
At 31 December 2022 |
|
DEPRECIATION |
At 1 January 2022 |
|
Charge for year |
|
At 31 December 2022 |
|
NET BOOK VALUE |
At 31 December 2022 |
|
At 31 December 2021 |
|
Airbase UK Interiors Ltd (Registered number: 12068803) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
|
7. | TANGIBLE FIXED ASSETS - continued |
|
Cost or valuation at 31 December 2022 is represented by: |
|
Plant and |
machinery |
etc |
£ |
Valuation in 2020 | 255,529 |
Cost | 346,480 |
602,009 |
|
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
|
Plant and |
machinery |
etc |
£ |
COST OR VALUATION |
At 1 January 2022 |
|
Additions |
|
At 31 December 2022 |
|
DEPRECIATION |
At 1 January 2022 |
|
Charge for year |
|
At 31 December 2022 |
|
NET BOOK VALUE |
At 31 December 2022 |
|
At 31 December 2021 |
|
|
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.22 | 31.12.21 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
9. | CURRENT ASSET INVESTMENTS |
31.12.22 | 31.12.21 |
£ | £ |
Other |
|
|
Airbase UK Interiors Ltd (Registered number: 12068803) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
|
10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.22 | 31.12.21 |
£ | £ |
Bank loans and overdrafts |
|
|
Hire purchase contracts |
|
|
Trade creditors |
|
|
Amounts owed to group undertakings |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
11. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
31.12.22 | 31.12.21 |
£ | £ |
Bank loans |
|
|
Hire purchase contracts |
|
|
Other creditors |
|
|
|
|
|
12. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
31.12.22 | 31.12.21 |
£ | £ |
Hire purchase contracts | 105,351 | 113,198 |
Other loans | 574,919 | 401,852 |
|
|
|
Hire purchase loans are secured by a charge over the specific asset and the other loans are secured by a fixed and floating charge over the assets of the company. |
|
13. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
|
At 1 January 2022 | ( |
) |
|
150,643 |
Profit for the year |
|
|
At 31 December 2022 |
|
|
445,053 |
Airbase UK Interiors Ltd (Registered number: 12068803) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
|
14. | ULTIMATE CONTROLLING PARTY |
|
The immediate and ultimate parent undertaking and controlling party is 81 Capital Limited and is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. The registered office of 81 Capital Limited is Burton Manor, The Village, Burton, CH64 5SJ. |
Airbase UK Interiors Ltd |
|
Report of the Accountants to the Directors of |
Airbase UK Interiors Ltd |
|
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
|
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2022 set out on pages three to eleven and you consider that the company is exempt from an audit. |
|
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
|
|
|
|
|
|
|
Suite 102 |
No.1 Old Hall Street |
Liverpool |
Merseyside |
L3 9HF |
|
|
|