Aireforge Filleted Accounts Cover
Aireforge
Company No. 10324263
Information for Filing with The Registrar
31 August 2019
Aireforge Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 August 2019.
Principal activities
The principal activity of the company during the year under review was software development.
Directors
The Directors who served at any time during the year were as follows:
P.J. Grayson
A.C.H. Littler
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
P.J. Grayson
Director
04 May 2020
Aireforge Balance Sheet Registrar
at
31 August 2019
Company No.
10324263
Notes
2019
2018
£
£
Current assets
Debtors
3
322 562
Cash at bank and in hand
2,951 913
3,273 1,475
Creditors: Amount falling due within one year
4
(936)
(554)
Net current assets
2,337 921
Total assets less current liabilities
2,337 921
Net assets
2,337 921
Capital and reserves
Called up share capital
100 100
Profit and loss account
5
2,237 821
Total equity
2,337 921
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 04 May 2020
And signed on its behalf by:
P.J. Grayson
Director
04 May 2020
Aireforge Notes to the Accounts Registrar
for the year ended 31 August 2019
1
General information
Its registered number is: 10324263
Its registered office is:
The Leeming Building
Ludgate Hill
Leeds
West Yorkshire
LS2 7HZ
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006. The March 2018 edition of FRS 102 includes amendments arising from the Financial Reporting Council's triennial review of the standard. There is no material effect on the amounts recognised in these financial statements as a result of early adopting these amendments.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Debtors
2019
2018
£
£
Trade debtors
222 462
Other debtors
100 100
322 562
4
Creditors:
amounts falling due within one year
2019
2018
£
£
Corporation tax
525 193
Loans from directors
411 -
Accruals and deferred income
- 361
936 554
5
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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