1 May 2022 false No description of principal activity Taxfiler 2023.10 10123418business:PrivateLimitedCompanyLtd2022-05-012023-04-30 101234182022-04-30 101234182022-05-012023-04-30 10123418business:AuditExempt-NoAccountantsReport2022-05-012023-04-30 10123418business:FilletedAccounts2022-05-012023-04-30 101234182023-04-30 10123418business:Director12022-05-012023-04-30 10123418business:RegisteredOffice2022-05-012023-04-30 101234182022-04-30 10123418core:WithinOneYear2023-04-30 10123418core:WithinOneYear2022-04-30 10123418core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 10123418core:ShareCapitalcore:PreviouslyStatedAmount2022-04-30 10123418core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 10123418core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-04-30 10123418core:PreviouslyStatedAmount2023-04-30 10123418core:PreviouslyStatedAmount2022-04-30 10123418business:SmallEntities2022-05-012023-04-30 10123418countries:EnglandWales2022-05-012023-04-30 101234182021-05-012022-04-30 iso4217:GBP xbrli:pure
Company Registration No. 10123418 (England and Wales)
LOTUS AEROSPACE LTD Unaudited accounts for the year ended 30 April 2023
LOTUS AEROSPACE LTD Unaudited accounts Contents
Page
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LOTUS AEROSPACE LTD Company Information for the year ended 30 April 2023
Director
Niraj Patel
Company Number
10123418 (England and Wales)
Registered Office
73 VICTORIA AVENUE HOUNSLOW MIDDLESEX TW3 3SU UNITED KINGDOM
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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LOTUS AEROSPACE LTD Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
764 
349 
Debtors
8,250 
582 
Cash at bank and in hand
5,853 
4,952 
14,867 
5,883 
Creditors: amounts falling due within one year
(4,964)
(3,773)
Net current assets
9,903 
2,110 
Net assets
9,903 
2,110 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
9,893 
2,100 
Shareholders' funds
9,903 
2,110 
For the year ending 30 April 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 October 2023 and were signed on its behalf by
Niraj Patel Director Company Registration No. 10123418
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LOTUS AEROSPACE LTD Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
LOTUS AEROSPACE LTD is a private company, limited by shares, registered in England and Wales, registration number 10123418. The registered office is 73 VICTORIA AVENUE, HOUNSLOW, MIDDLESEX, TW3 3SU, UNITED KINGDOM.
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.
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.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
8,250 
582 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
4,615 
3,519 
Loans from directors
- 
5 
Accruals
349 
249 
4,964 
3,773 
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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