Airprotekt Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 02972026 (England and Wales)

AIRPROTEKT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

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

631

789

Investments

5

50

-

681

789

CURRENT ASSETS

Stocks

45,805

73,200

Debtors

6

346,945

246,738

Cash at bank and in hand

295,913

286,020

688,663

605,958

CREDITORS

Amounts falling due within one year

7

190,207

109,339

NET CURRENT ASSETS

498,456

496,619

TOTAL ASSETS LESS CURRENT LIABILITIES

499,137

497,408

CAPITAL AND RESERVES

Called up share capital

5,001

5,001

Retained earnings

494,136

492,407

SHAREHOLDERS' FUNDS

499,137

497,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 6 June 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 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.

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 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2016

and 30 November 2017

63,470

DEPRECIATION

At 1 December 2016

62,681

Charge for year

158

At 30 November 2017

62,839

NET BOOK VALUE

At 30 November 2017

631

At 30 November 2016

789

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

50

At 30 November 2017

50

NET BOOK VALUE

At 30 November 2017

50

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

213,465

24,677

Amounts owed by group undertakings

92,879

-

Other debtors

40,601

222,061

346,945

246,738

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

11,330

46,162

Amounts owed to group undertakings

143,120

47,000

Taxation and social security

5,870

2,156

Other creditors

29,887

14,021

190,207

109,339

8.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments that are not included in the balance sheet is £15,123.