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REGISTERED NUMBER: 09356453 (England and Wales)
















Financial Statements

for the Year Ended 31 December 2022

for

Gc Aviation Maintenance Limited

Gc Aviation Maintenance Limited (Registered number: 09356453)

Contents of the Financial Statements
for the Year Ended 31 December 2022










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Gc Aviation Maintenance Limited

Company Information
for the Year Ended 31 December 2022







DIRECTOR: M J Gregory





REGISTERED OFFICE: Hangar H1
Cotswold Airport
Kemble
Cirencester
Glos
GL7 6BA





REGISTERED NUMBER: 09356453 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Gc Aviation Maintenance Limited

Report of the Accountants to the Director of
Gc Aviation Maintenance Limited


The following reproduces the text of the report prepared for the director 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 Director 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 and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. 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 the Company 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. You consider that the Company 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 the Company. 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.






GCSD Accountants Limited


28 September 2023

Gc Aviation Maintenance Limited (Registered number: 09356453)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 167,169 199,641

CURRENT ASSETS
Debtors 5 184,582 125,171
Cash at bank 756,900 647,411
941,482 772,582
CREDITORS
Amounts falling due within one year 6 273,442 214,090
NET CURRENT ASSETS 668,040 558,492
TOTAL ASSETS LESS CURRENT
LIABILITIES

835,209

758,133

CREDITORS
Amounts falling due after more than
one year

7

(8,311

)

(17,827

)

PROVISIONS FOR LIABILITIES (23,897 ) (28,957 )
NET ASSETS 803,001 711,349

Gc Aviation Maintenance Limited (Registered number: 09356453)

Balance Sheet - continued
31 December 2022

2022 2021
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 802,001 710,349
SHAREHOLDERS' FUNDS 803,001 711,349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 September 2023 and were signed by:





M J Gregory - Director


Gc Aviation Maintenance Limited (Registered number: 09356453)

Notes to the Financial Statements
for the Year Ended 31 December 2022


1. STATUTORY INFORMATION

Gc Aviation Maintenance 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 - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2021 - 5 ) .

Gc Aviation Maintenance Limited (Registered number: 09356453)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2022 312,505 23,640 2,571 338,716
Additions 8,775 - 651 9,426
At 31 December 2022 321,280 23,640 3,222 348,142
DEPRECIATION
At 1 January 2022 133,551 4,771 753 139,075
Charge for year 37,546 3,774 578 41,898
At 31 December 2022 171,097 8,545 1,331 180,973
NET BOOK VALUE
At 31 December 2022 150,183 15,095 1,891 167,169
At 31 December 2021 178,954 18,869 1,818 199,641

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 165,881 75,201
Other debtors 18,701 49,970
184,582 125,171

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts (see note 8) 9,516 9,108
Trade creditors 208,456 131,161
Taxation and social security 52,785 71,493
Other creditors 2,685 2,328
273,442 214,090

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Hire purchase contracts (see note 8) 8,311 17,827

Gc Aviation Maintenance Limited (Registered number: 09356453)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2022 2021
£    £   
Net obligations repayable:
Within one year 9,516 9,108
Between one and five years 8,311 17,827
17,827 26,935

Non-cancellable operating leases
2022 2021
£    £   
Within one year 132,681 132,681
Between one and five years 530,724 530,724
In more than five years 431,215 563,894
1,094,620 1,227,299

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1,000 Ordinary £1 1,000 1,000