REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JANUARY 2022 TO 31ST MARCH 2023 |
FOR |
AV8JET LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JANUARY 2022 TO 31ST MARCH 2023 |
FOR |
AV8JET LIMITED |
AV8JET LIMITED (REGISTERED NUMBER: 04786295) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JANUARY 2022 TO 31ST MARCH 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 | to | 3 |
Notes to the Financial Statements | 4 | to | 6 |
AV8JET LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1ST JANUARY 2022 TO 31ST MARCH 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
17 Wright Street |
Hull |
East Yorkshire |
HU2 8HU |
AV8JET LIMITED (REGISTERED NUMBER: 04786295) |
BALANCE SHEET |
31ST MARCH 2023 |
2023 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Revaluation reserve | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
AV8JET LIMITED (REGISTERED NUMBER: 04786295) |
BALANCE SHEET - continued |
31ST MARCH 2023 |
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 |
AV8JET LIMITED (REGISTERED NUMBER: 04786295) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JANUARY 2022 TO 31ST MARCH 2023 |
1. | STATUTORY INFORMATION |
Av8jet Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover comprises the value of services provided excluding value added tax. |
Tangible fixed assets |
Depreciation is calculated on the reducing balance method and aims to write down the cost of all fixed assets over their expected useful lives. |
The rates generally applicable are: |
Plant and machinery | 20% per annum |
Office furniture | 20% per annum |
Investments in associates |
Investments in associate undertakings are recognised at cost. |
Taxation |
Taxation for the period 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 period 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 period was |
AV8JET LIMITED (REGISTERED NUMBER: 04786295) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST JANUARY 2022 TO 31ST MARCH 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and | Office | Motor |
machinery | furniture | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1st January 2022 |
Additions |
At 31st March 2023 |
DEPRECIATION |
At 1st January 2022 |
Charge for period |
At 31st March 2023 |
NET BOOK VALUE |
At 31st March 2023 |
At 31st December 2021 |
5. | FIXED ASSET INVESTMENTS |
Interest |
in |
associate |
£ |
COST OR VALUATION |
Revaluations |
At 31st March 2023 |
NET BOOK VALUE |
At 31st March 2023 |
Cost or valuation at 31st March 2023 is represented by: |
Interest |
in |
associate |
£ |
Valuation in 2023 | 998,000 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2021 |
£ | £ |
Trade debtors |
Other debtors |
AV8JET LIMITED (REGISTERED NUMBER: 04786295) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST JANUARY 2022 TO 31ST MARCH 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2021 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
8. | PROVISIONS FOR LIABILITIES |
2023 | 2021 |
£ | £ |
Deferred tax | 1,634 | 1,176 |
Deferred |
tax |
£ |
Balance at 1st January 2022 |
Accelerated capital allowances | 458 |
Balance at 31st March 2023 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2021 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
10. | RESERVES |
Revaluation |
reserve |
£ |
Revaluation of associated undertaking | 998,000 |
At 31st March 2023 |
11. | PARENT UNDERTAKING |
The parent undertaking of the group of undertakings of which the company is a member is IMVA Limited (Company number 03957093) registered in England and Wales. |