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REGISTERED NUMBER: 04786295 (England and Wales)















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: L J Norris
C Beel





SECRETARY: L J Norris





REGISTERED OFFICE: 17 Wright Street
Hull
East Yorkshire
HU2 8HU





REGISTERED NUMBER: 04786295 (England and Wales)





ACCOUNTANTS: Cheetham Allen
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 60,389 6,192
Investments 5 998,000 -
1,058,389 6,192

CURRENT ASSETS
Debtors 6 571,390 368,214
Cash at bank and in hand 128,725 68,997
700,115 437,211
CREDITORS
Amounts falling due within one year 7 349,610 140,360
NET CURRENT ASSETS 350,505 296,851
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,408,894

303,043

PROVISIONS FOR LIABILITIES 8 1,634 1,176
NET ASSETS 1,407,260 301,867

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 998,000 -
Retained earnings 409,160 301,767
SHAREHOLDERS' FUNDS 1,407,260 301,867

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

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

AV8JET LIMITED (REGISTERED NUMBER: 04786295)

BALANCE SHEET - continued
31ST 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 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 22nd November 2023 and were signed on its behalf by:





L J Norris - Director


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 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 as modified by the revaluation of certain assets.

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 machinery20% per annum
Office furniture20% 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 9 (2021 - 9 ) .

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 44,912 5,117 - 50,029
Additions 5,477 - 54,195 59,672
At 31st March 2023 50,389 5,117 54,195 109,701
DEPRECIATION
At 1st January 2022 40,251 3,586 - 43,837
Charge for period 2,918 367 2,190 5,475
At 31st March 2023 43,169 3,953 2,190 49,312
NET BOOK VALUE
At 31st March 2023 7,220 1,164 52,005 60,389
At 31st December 2021 4,661 1,531 - 6,192

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST OR VALUATION
Revaluations 998,000
At 31st March 2023 998,000
NET BOOK VALUE
At 31st March 2023 998,000

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 94,724 50,444
Other debtors 476,666 317,770
571,390 368,214

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 31,240 28,388
Amounts owed to group undertakings 49,781 49,781
Taxation and social security 113,584 36,208
Other creditors 155,005 25,983
349,610 140,360

8. PROVISIONS FOR LIABILITIES
2023 2021
£    £   
Deferred tax 1,634 1,176

Deferred
tax
£   
Balance at 1st January 2022 1,176
Accelerated capital allowances 458
Balance at 31st March 2023 1,634

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2021
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Revaluation
reserve
£   
Revaluation of associated undertaking 998,000

At 31st March 2023 998,000

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.