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REGISTERED NUMBER: 07556666 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Avion Training and Consultancy Ltd

Avion Training and Consultancy Ltd (Registered number: 07556666)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Avion Training and Consultancy Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr S Cockshott
Ms N Rochfort





REGISTERED OFFICE: Willows
Stroudwood Lane
Upham
Southampton
Hampshire
SO32 1HG





REGISTERED NUMBER: 07556666 (England and Wales)





ACCOUNTANTS: Northover & Co Accountants Ltd
132A Bournemouth Road
Chandler's Ford
Eastleigh
Hampshire
SO53 3AL

Avion Training and Consultancy Ltd (Registered number: 07556666)

Abridged Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 87,237 87,982

CURRENT ASSETS
Debtors 928 9,031
Cash at bank 12,203 22,890
13,131 31,921
CREDITORS
Amounts falling due within one year 38,753 20,650
NET CURRENT (LIABILITIES)/ASSETS (25,622 ) 11,271
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,615

99,253

PROVISIONS FOR LIABILITIES 5 8,777 8,919
NET ASSETS 52,838 90,334

CAPITAL AND RESERVES
Called up share capital 6 20 20
Revaluation reserve 7 (10,000 ) (10,000 )
Retained earnings 62,818 100,314
SHAREHOLDERS' FUNDS 52,838 90,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Avion Training and Consultancy Ltd (Registered number: 07556666)

Abridged Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 19 October 2023 and were signed on its behalf by:




Ms N Rochfort - Director



Mr S Cockshott - Director


Avion Training and Consultancy Ltd (Registered number: 07556666)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Avion Training and Consultancy Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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.
Office equipmt - 25% on cost

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 2 (2022 - 2 ) .

Avion Training and Consultancy Ltd (Registered number: 07556666)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 92,051
DEPRECIATION
At 1 April 2022 4,069
Charge for year 745
At 31 March 2023 4,814
NET BOOK VALUE
At 31 March 2023 87,237
At 31 March 2022 87,982

The company aircrafts are being held at fair value and will be valued on this basis going forward; for this reason it has not been necessary to provide an annual depreciation charge on the aircrafts.

Cost or valuation at 31 March 2023 is represented by:

Totals
£   
Valuation in 2023 92,051

5. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 8,777 8,919

Deferred
tax
£   
Balance at 1 April 2022 8,919
movement in the year (142 )
Balance at 31 March 2023 8,777

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary A £1 10 10
10 Ordinary B £1 10 10
20 20

Avion Training and Consultancy Ltd (Registered number: 07556666)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 (10,000 )