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Company Registration No. 13428381 (England and Wales)
M Benns Aviation Services Ltd Unaudited accounts for the year ended 31 May 2023
M Benns Aviation Services Ltd Unaudited accounts Contents
Page
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M Benns Aviation Services Ltd Company Information for the year ended 31 May 2023
Director
Matthew Benns
Company Number
13428381 (England and Wales)
Registered Office
16 ST. MICHAELS LONGSTANTON CAMBRIDGE CB24 3BZ ENGLAND
Accountants
Glenton Smith Croft House Brightwell cum Sotwell Wallingford OXON OX10 0RJ
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M Benns Aviation Services Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
- 
1 
Fixed assets
Tangible assets
1,187 
- 
Current assets
Debtors
6,317 
- 
Cash at bank and in hand
44,287 
- 
50,604 
- 
Creditors: amounts falling due within one year
(15,888)
- 
Net current assets
34,716 
- 
Net assets
35,903 
1 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
35,902 
- 
Shareholders' funds
35,903 
1 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 November 2023 and were signed on its behalf by
Matthew Benns Director Company Registration No. 13428381
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M Benns Aviation Services Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
M Benns Aviation Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 13428381. The registered office is 16 ST. MICHAELS, LONGSTANTON, CAMBRIDGE, CB24 3BZ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 years straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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M Benns Aviation Services Ltd Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2022
- 
Additions
1,351 
At 31 May 2023
1,351 
Depreciation
Charge for the year
164 
At 31 May 2023
164 
Net book value
At 31 May 2023
1,187 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
246 
- 
Trade debtors
5,297 
- 
Accrued income and prepayments
774 
- 
6,317 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
489 
- 
Taxes and social security
9,278 
- 
Loans from directors
4,721 
- 
Accruals
1,400 
- 
15,888 
- 
7
Average number of employees
During the year the average number of employees was 1 (2022: 0).
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