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 2020

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

1,177

1,347

Investments

5

50

50

1,227

1,397

CURRENT ASSETS

Stocks

-

5,184

Debtors

6

289,557

236,330

Cash at bank and in hand

655,203

772,543

944,760

1,014,057

CREDITORS

Amounts falling due within one year

7

227,568

367,504

NET CURRENT ASSETS

717,192

646,553

TOTAL ASSETS LESS CURRENT LIABILITIES

718,419

647,950

PROVISIONS FOR LIABILITIES

172

172

NET ASSETS

718,247

647,778

CAPITAL AND RESERVES

Called up share capital

7,144

5,001

Retained earnings

711,103

642,777

SHAREHOLDERS' FUNDS

718,247

647,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 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 24 November 2021 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 3 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2019

64,922

Additions

125

At 30 November 2020

65,047

DEPRECIATION

At 1 December 2019

63,575

Charge for year

295

At 30 November 2020

63,870

NET BOOK VALUE

At 30 November 2020

1,177

At 30 November 2019

1,347

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 December 2019

and 30 November 2020

50

NET BOOK VALUE

At 30 November 2020

50

At 30 November 2019

50

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

857

89,834

Amounts owed by group undertakings

183,741

61,304

Other debtors

104,959

85,192

289,557

236,330

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

8,362

11,277

Amounts owed to group undertakings

163,120

183,120

Taxation and social security

54,135

73,158

Other creditors

1,951

99,949

227,568

367,504

8.	RELATED PARTY DISCLOSURES

Bruce Metals Limited

Parent Company

At the balance sheet date the company owed £183,120 (2019: £183,120) 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 £92,879 (2019: £82,879) 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 £183,740 (2019: £61,304) 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.