Registered number
09395836
Aerovision (UK) Ltd
Filleted Accounts
31 January 2023
Aerovision (UK) Ltd
Registered number: 09395836
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 6,927 8,929
Current assets
Debtors 4 2,193 4,838
Cash at bank and in hand 1,326 1,739
3,519 6,577
Creditors: amounts falling due within one year 5 (86,254) (77,630)
Net current liabilities (82,735) (71,053)
Net liabilities (75,808) (62,124)
Capital and reserves
Called up share capital 1 1
Profit and loss account (75,809) (62,125)
Shareholders' funds (75,808) (62,124)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G R Suggett
Director
Approved by the board on 11 October 2023
Aerovision (UK) Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at the following rates:
Plant and machinery 15% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is the invoice price).
Creditors
Short term creditors are measured at transaction price (which is the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2022 5,519 27,950 33,469
At 31 January 2023 5,519 27,950 33,469
Depreciation
At 1 February 2022 3,223 21,317 24,540
Charge for the year 344 1,658 2,002
At 31 January 2023 3,567 22,975 26,542
Net book value
At 31 January 2023 1,952 4,975 6,927
At 31 January 2022 2,296 6,633 8,929
4 Debtors 2023 2022
£ £
Trade debtors 2,193 4,838
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 29,390 33,590
Trade creditors 2,813 4,006
Taxation and social security costs 4,902 7,143
Other creditors 49,149 32,891
86,254 77,630
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
G R Suggett
Directors loan account 32,891 (3,252) 19,510 49,149
32,891 (3,252) 19,510 49,149
7 Controlling party
The company is controlled by its director.
8 Other information
Aerovision (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
22 Mountfield Gardens
Newcastle Upon Tyne
NE3 3DB
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