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REGISTERED NUMBER: SC110291 (Scotland)













AIRE-SALES SCOTLAND LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017





AIRE-SALES SCOTLAND LIMITED (REGISTERED NUMBER: SC110291)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6
AIRE-SALES SCOTLAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2017







DIRECTORS: C R Friel
J M P Colbron



REGISTERED OFFICE: 6th Floor
145 St Vincent Street
Glasgow
G2 5JF



REGISTERED NUMBER: SC110291 (Scotland)



ACCOUNTANTS: Hardie Caldwell LLP
Chartered Accountants
Citypoint 2
25 Tyndrum Street
Glasgow
G4 0JY



BANKERS: Clydesdale Bank plc
St Rollox Branch
66 Queen Street
Glasgow
G1 3DS



SOLICITORS: Morton Fraser LLP
6th Floor
145 St Vincent Street
Glasgow
G2 5JF
AIRE-SALES SCOTLAND LIMITED (REGISTERED NUMBER: SC110291)

BALANCE SHEET
30 JUNE 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,433 36,473

CURRENT ASSETS
Debtors 5 172,694 472,470
Cash at bank 188,311 169,991
361,005 642,461
CREDITORS
Amounts falling due within one year 6 210,818 440,029
NET CURRENT ASSETS 150,187 202,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,620

238,905

CAPITAL AND RESERVES
Called up share capital 7 340 340
Capital redemption reserve 660 660
Retained earnings 177,620 237,905
SHAREHOLDERS' FUNDS 178,620 238,905

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 11 January 2018 and were signed on its behalf by:





C R Friel - Director

AIRE-SALES SCOTLAND LIMITED (REGISTERED NUMBER: SC110291)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017


1. STATUTORY INFORMATION

Aire-Sales Scotland Limited is a private company, limited by shares, registered in Scotland. The company's
registered number is SC110291 and its registered office is 6th Floor, 145 St Vincent Street, Glasgow, G2 5JF.

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.

This is the first year in which the financial statements have been prepared under FRS 102. The transition from
preparing the financial statements in accordance with FRSSE (2015) to FRS 102 (1A) has had no material
impact on either the financial position or the financial performance as previously reported by the company.

Revenue recognition
Turnover is measured at fair value of the consideration received or receivable.

Turnover represents net invoiced sales of goods, excluding value added tax attributable to the one principal
activity of the company.

Tangible fixed assets
Depreciation of fixed assets is calculated to write off the cost or valuation less any residual value over their
estimated useful lives as follows:

Fixtures & fittings 15% reducing balance
Motor vehicles 25% reducing balance

Pension costs and other post-retirement benefits
The company contributes to a private personal plan for all employees. Contributions payable to the pension
plans are charged to the profit and loss account in the period to which they relate.

Financial instruments

Debtors
Trade and other debtors are recognised at the settlement amount due with appropriate allowances for any
irrecoverable amounts when there is objective evidence that the asset is impaired.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash on hand and cash at bank with a short term of
maturity, being twelve months or less, from the opening of the deposit or similar account.

Creditors
Trade and other creditors are recognised where the company has a present obligation resulting from a past event
and are recognised at the settlement amount due after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2016 - 5 ) .
AIRE-SALES SCOTLAND LIMITED (REGISTERED NUMBER: SC110291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2016 70,995
Additions 397
At 30 June 2017 71,392
DEPRECIATION
At 1 July 2016 34,522
Charge for year 8,437
At 30 June 2017 42,959
NET BOOK VALUE
At 30 June 2017 28,433
At 30 June 2016 36,473


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 162,624 461,664
Other debtors 10,070 10,806
172,694 472,470

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 150,798 313,339
Taxation and social security 51,686 76,696
Other creditors 8,334 49,994
210,818 440,029

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
340 Ordinary £1 340 340

8. OTHER FINANCIAL COMMITMENTS

At 30 June 2017, the company had total commitments under non-cancellable operating leases over the remaining
life of those leases of £101,341 (2016: £122,221)
AIRE-SALES SCOTLAND LIMITED (REGISTERED NUMBER: SC110291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017


9. RELATED PARTY DISCLOSURES

Aire-Sales Holdings Limited owns the share capital of Aire-Sales Scotland Limited. The company is controlled
by the directors Mr J Colbron and Mr C R Friel.

Aire-Sales Holdings Limited's principal place of business is 6th Floor, St Vincent Street, Glasgow, G2 5JF.
Aire-Sales Holdings Limited is a registered company in Scotland and its registered number is SC436130.
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AIRE-SALES SCOTLAND LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Aire-Sales Scotland Limited for the year ended 30 June 2017 which comprise the Income
Statement, Other Comprehensive Income, Balance Sheet, and the related notes from the company's accounting records
and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Aire-Sales Scotland Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aire-Sales Scotland Limited and state those matters that we have agreed to state to the Board of Directors of Aire-Sales Scotland Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Aire-Sales Scotland Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Aire-Sales Scotland Limited. You consider that Aire-Sales Scotland Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aire-Sales Scotland Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hardie Caldwell LLP
Chartered Accountants
Citypoint 2
25 Tyndrum Street
Glasgow
G4 0JY


11 January 2018

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