Airlinx Solutions Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06980565 (England and Wales)

Financial Statements

for the Year Ended 31 August 2023

for

Airlinx Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Munday

J D Raybould

REGISTERED OFFICE:

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

REGISTERED NUMBER:

06980565 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

FIXED ASSETS

Tangible assets

4

-

3,826

CURRENT ASSETS

Debtors

5

14,986

6,642

Cash at bank

17,023

46,769

32,009

53,411

CREDITORS

Amounts falling due within one year

6

11,335

3,987

NET CURRENT ASSETS

20,674

49,424

TOTAL ASSETS LESS CURRENT LIABILITIES

20,674

53,250

PROVISIONS FOR LIABILITIES

-

727

NET ASSETS

20,674

52,523

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

20,574

52,423

SHAREHOLDERS' FUNDS

20,674

52,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 29 November 2023 and were signed on its behalf by:

J D Raybould - Director

1.	STATUTORY INFORMATION

Airlinx Solutions Limited 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

-

25% on reducing balance and 25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2022

34,535

Disposals

(34,535

)

At 31 August 2023

-

DEPRECIATION

At 1 September 2022

30,709

Charge for year

957

Eliminated on disposal

(31,666

)

At 31 August 2023

-

NET BOOK VALUE

At 31 August 2023

-

At 31 August 2022

3,826

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

£

Trade debtors

12,794

3,714

Other debtors

2,192

2,928

14,986

6,642

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

£

Trade creditors

573

990

Other creditors

10,762

2,997

11,335

3,987

7.	RELATED PARTY DISCLOSURES

During the year the company bought goods and services to the value of £15,611 (2022 : £44,202) from J.D.R. Software Services Ltd, a company in which J D Raybould is materially interested as a shareholder. The balance outstanding at the balance sheet date was nil (2022 : nil). All purchases were made on normal trade terms on an arm's length basis.