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REGISTERED NUMBER: 05219784 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Europa Aircraft (2004) Ltd

Europa Aircraft (2004) Ltd (Registered number: 05219784)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Europa Aircraft (2004) Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: D I Stanbridge





REGISTERED OFFICE: Hanger 2 Scottow Enterprise Park
Lamas Road
Badersfield
Norwich
Norfolk
NR10 5FB





REGISTERED NUMBER: 05219784 (England and Wales)





ACCOUNTANTS: Steve Pye & Co.
Chartered Certified Accountants
Unit 3
North Lynn Business Village
Bergen Way
King's Lynn
Norfolk
PE30 2JG

Europa Aircraft (2004) Ltd (Registered number: 05219784)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 33,352 27,958
Debtors 5 25,895 30,463
Cash at bank and in hand 4,702 1,932
63,949 60,353
CREDITORS
Amounts falling due within one year 6 52,681 26,004
NET CURRENT ASSETS 11,268 34,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,268

34,349

CREDITORS
Amounts falling due after more than one year 7 48,651 29,833
NET (LIABILITIES)/ASSETS (37,383 ) 4,516

CAPITAL AND RESERVES
Called up share capital 8 480,006 480,006
Retained earnings (517,389 ) (475,490 )
SHAREHOLDERS' FUNDS (37,383 ) 4,516

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 director acknowledges his 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.

Europa Aircraft (2004) Ltd (Registered number: 05219784)

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 May 2023 and were signed by:





D I Stanbridge - Director


Europa Aircraft (2004) Ltd (Registered number: 05219784)

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

1. STATUTORY INFORMATION

Europa Aircraft (2004) 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.

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.

The financial statements are prepared on a going concern basis of accounting.

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.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Europa Aircraft (2004) Ltd (Registered number: 05219784)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 20,023 13,431 33,454
DEPRECIATION
At 1 April 2022
and 31 March 2023 20,023 13,431 33,454
NET BOOK VALUE
At 31 March 2023 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 24,436 30,262
Other debtors 1,459 201
25,895 30,463

Europa Aircraft (2004) Ltd (Registered number: 05219784)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4 4,397
Trade creditors 44,988 17,529
Taxation and social security 1,165 97
Other creditors 6,524 3,981
52,681 26,004

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 19,438 21,479
Amounts owed to group undertakings 29,213 8,354
48,651 29,833

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
480,000 Ordinary 1 480,000 480,000
6 Redeemable preference £1 6 6
480,006 480,006

On the 10 August 2020 the holding company Swift Technology Group Limited agreed to the capitalisation of £475,000 of the loan owed to it by the company in exchange for the issue of 475,000 ordinary shares of £1 each.

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Swift Technology Group Limited acquired 5,000 shares of £1.00 each in Europa Aircraft (2004) Limited on the 18 November 2008.

The ultimate holding company is Swift Technology Group Limited the company depends upon it's continuing support.