Airprotekt Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02972026 (England and Wales)

AIRPROTEKT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R S Bruce

T J Lawton

J A Moore

SECRETARY:

R S Bruce

REGISTERED OFFICE:

Newton Hall

Newton

Cambridge

CB2 5PE

REGISTERED NUMBER:

02972026 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,347

1,596

Investments

5

50

50

1,397

1,646

CURRENT ASSETS

Stocks

5,184

270,747

Debtors

6

236,330

238,997

Cash at bank and in hand

772,543

438,426

1,014,057

948,170

CREDITORS

Amounts falling due within one year

7

367,504

436,732

NET CURRENT ASSETS

646,553

511,438

TOTAL ASSETS LESS CURRENT LIABILITIES

647,950

513,084

PROVISIONS FOR LIABILITIES

172

202

NET ASSETS

647,778

512,882

CAPITAL AND RESERVES

Called up share capital

5,001

5,001

Retained earnings

642,777

507,881

SHAREHOLDERS' FUNDS

647,778

512,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2020 and were signed on its behalf by:

R S Bruce - Director

1.	STATUTORY INFORMATION

Airprotekt Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2018

64,834

Additions

88

At 30 November 2019

64,922

DEPRECIATION

At 1 December 2018

63,238

Charge for year

337

At 30 November 2019

63,575

NET BOOK VALUE

At 30 November 2019

1,347

At 30 November 2018

1,596

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 December 2018

and 30 November 2019

50

NET BOOK VALUE

At 30 November 2019

50

At 30 November 2018

50

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

89,834

39,754

Amounts owed by group undertakings

61,304

82,337

Other debtors

85,192

116,906

236,330

238,997

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

11,277

263,999

Amounts owed to group undertakings

183,120

133,120

Taxation and social security

73,158

21,495

Other creditors

99,949

18,118

367,504

436,732

8.	RELATED PARTY DISCLOSURES

Bruce Metals Limited

Parent Company

At the balance sheet date the company owed £183,120 (2019: £193,120) to Bruce Metals Limited.

This loan is interest free with no set repayment date.

RS Bruce (Metals & Machinery) Limited

Related Company

At the balance sheet date the company was owed £82,879 (2019: £92,879) from RS Bruce (Metals & Machinery)

Limited.

This loan is interest free with no set repayment date.

NoxProtekt Limited

Subsidiary Company

At the balance sheet date the company was owed £61,304 (2018: £82,337) from NoxProtekt Limited.

This loan is interest free with no set repayment date.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Bruce Metals Limited.

The ultimate controlling party is R S Bruce.