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REGISTERED NUMBER: 13546548 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2023

for

Simbus Aviation Limited

Simbus Aviation Limited (Registered number: 13546548)






Contents of the Financial Statements
for the Year Ended 31st August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Simbus Aviation Limited

Company Information
for the Year Ended 31st August 2023







DIRECTORS: D Doyle
Ms L Gomez





REGISTERED OFFICE: 1st Floor
49 Peter Street
Manchester
M2 3NG





BUSINESS ADDRESS: Carrer Rei Jaume li 20
Costa De La Calma
07183 Calvia
Mallorca





REGISTERED NUMBER: 13546548 (England and Wales)





ACCOUNTANTS: Veritas Accountants & Advisory Limited
First Floor
49 Peter Street
Manchester
M2 3NG

Simbus Aviation Limited (Registered number: 13546548)

Balance Sheet
31st August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 451 721

CURRENT ASSETS
Debtors 5 787 1
Cash at bank 15,758 321
16,545 322
CREDITORS
Amounts falling due within one year 6 32,761 22,665
NET CURRENT LIABILITIES (16,216 ) (22,343 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,765

)

(21,622

)

PROVISIONS FOR LIABILITIES 86 -
NET LIABILITIES (15,851 ) (21,622 )

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 (15,852 ) (21,623 )
SHAREHOLDERS' FUNDS (15,851 ) (21,622 )

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

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

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 Board of Directors and authorised for issue on 15th November 2023 and were signed on its behalf by:





D Doyle - Director


Simbus Aviation Limited (Registered number: 13546548)

Notes to the Financial Statements
for the Year Ended 31st August 2023

1. COMPANY INFORMATION

Simbus Aviation 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful life on the following basis:

Office Equipment - 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Simbus Aviation Limited (Registered number: 13546548)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st September 2022
and 31st August 2023 1,081
DEPRECIATION
At 1st September 2022 360
Charge for year 270
At 31st August 2023 630
NET BOOK VALUE
At 31st August 2023 451
At 31st August 2022 721

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 787 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts - 25
Tax 2,383 -
Social security and other taxes 750 -
Directors' current accounts 28,668 22,640
Accrued expenses 960 -
32,761 22,665

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
1 Ordinary 1 1 1

8. RESERVES

The dividends were issued prior to the finalisation of the year end accounts. At the date of voting the dividends, the directors were confident that the company would have enough reserves to enable the dividends to be paid. The dividends were therefore not illegal at the time of issue.

Simbus Aviation Limited (Registered number: 13546548)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2023 and 31st August 2022:

31.8.23 31.8.22
£    £   
D Doyle
Balance outstanding at start of year (22,640 ) -
Amounts advanced 48,627 -
Amounts repaid (54,655 ) (22,640 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (28,668 ) (22,640 )

The loan is repayable on demand and no interest was charged during the year.

10. CONTROL

The controlling party is D Doyle.