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REGISTERED NUMBER:
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AIRFLOW DESIGN SERVICES LIMITED |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2018 |
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REGISTERED NUMBER:
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AIRFLOW DESIGN SERVICES LIMITED |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2018 |
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AIRFLOW DESIGN SERVICES LIMITED (REGISTERED NUMBER: 08070632) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 July 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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AIRFLOW DESIGN SERVICES LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31 July 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANT: |
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Chartered Accountant |
Chalfont St Giles |
Buckinghamshire |
HP8 4AA |
AIRFLOW DESIGN SERVICES LIMITED (REGISTERED NUMBER: 08070632) |
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BALANCE SHEET |
31 July 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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AIRFLOW DESIGN SERVICES LIMITED (REGISTERED NUMBER: 08070632) |
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BALANCE SHEET - continued |
31 July 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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D Blakey - Director | S Byrne - Director |
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K Sheppard - Director | P Turner - Director |
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AIRFLOW DESIGN SERVICES LIMITED (REGISTERED NUMBER: 08070632) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 July 2018 |
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1. | STATUTORY INFORMATION |
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Airflow Design Services Limited is a
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Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover comprises revenue recognised by the company in respect of goods and services supplied, |
exclusive of Value Added Tax. |
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Turnover from the sale of goods is recognised at the point of sale. Turnover from the sale of services |
is usually recognised on completion of the service and for long engagements, it is recognised by |
reference to the stages of completion at the balance sheet date. |
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Tangible fixed assets |
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Short leasehold | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Tangible fixed assets are stated at cost less accumulated depreciation and any recognised |
impairment loss. |
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The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful |
economic lives and residual values of the assets. The useful economic lives and residual values are |
reassessed annually. They are amended when necessary to reflect current estimates, future |
investments and the physical condition of the assets |
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AIRFLOW DESIGN SERVICES LIMITED (REGISTERED NUMBER: 08070632) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 July 2018 |
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2. | ACCOUNTING POLICIES - continued |
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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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. |
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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. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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AIRFLOW DESIGN SERVICES LIMITED (REGISTERED NUMBER: 08070632) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 July 2018 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Short | and | Motor |
leasehold | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 August 2017 |
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Additions |
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Disposals |
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At 31 July 2018 |
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DEPRECIATION |
At 1 August 2017 |
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Charge for year |
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Eliminated on disposal |
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At 31 July 2018 |
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NET BOOK VALUE |
At 31 July 2018 |
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At 31 July 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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AIRFLOW DESIGN SERVICES LIMITED (REGISTERED NUMBER: 08070632) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 July 2018 |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Hire purchase contracts |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary shares | £1 | 40 | 40 |
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The ordinary share capital of the company is divided into 4 categories of £1 ordinary shares each with |
10 shares issued. The share categories are ordinary, ordinary B, ordinary C and ordinary D. |