REGISTERED NUMBER: 06270041 (England and Wales)

AIR 21 LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr S Ahmed

REGISTERED OFFICE:

Studio 401, Zellig

Custard Factory

Gibb Street

Birmingham

West Midlands

B9 4AA

REGISTERED NUMBER:

06270041 (England and Wales)

ACCOUNTANTS:

Clark & Deen LLP

Benson House, Suite D

98-104 Lombard Street

Birmingham

West Midlands

B12 0QR

FIXED ASSETS

Tangible assets

2

39,303

2,927

CURRENT ASSETS

Stocks

18,000

11,000

Debtors

17,722

49,446

Cash at bank and in hand

104,225

24,080

139,947

84,526

CREDITORS

Amounts falling due within one year

(71,657

)

(61,747

)

NET CURRENT ASSETS

68,290

22,779

TOTAL ASSETS LESS CURRENT LIABILITIES

107,593

25,706

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

106,593

24,706

SHAREHOLDERS' FUNDS

107,593

25,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 March 2015 and were signed by:

Mr S Ahmed - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

3,461

Additions

43,312

At 30 June 2014

46,773

DEPRECIATION

At 1 July 2013

534

Charge for year

6,936

At 30 June 2014

7,470

NET BOOK VALUE

At 30 June 2014

39,303

At 30 June 2013

2,927

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

£1

1,000

1,000