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REGISTERED NUMBER: 10756136 (England and Wales)












REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

24-7 AVIATION SERVICES LIMITED

24-7 AVIATION SERVICES LIMITED (REGISTERED NUMBER: 10756136)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 4


24-7 AVIATION SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTOR: P D Swords





REGISTERED OFFICE: Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 10756136 (England and Wales)





ACCOUNTANTS: Cook & Partners Limited
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

24-7 AVIATION SERVICES LIMITED (REGISTERED NUMBER: 10756136)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31ST MAY 2023

The director presents his report with the financial statements of the company for the year ended 31st May 2023.

DIRECTOR
P D Swords held office during the whole of the period from 1st June 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P D Swords - Director


14th July 2023

24-7 AVIATION SERVICES LIMITED (REGISTERED NUMBER: 10756136)

BALANCE SHEET
31ST MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,023 66,601

CURRENT ASSETS
Debtors 5 27,085 13,843
Cash at bank 40,774 21,166
67,859 35,009
CREDITORS
Amounts falling due within one year 6 32,131 28,845
NET CURRENT ASSETS 35,728 6,164
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,751

72,765

PROVISIONS FOR LIABILITIES 9,178 11,499
NET ASSETS 80,573 61,266

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 80,473 61,166
SHAREHOLDERS' FUNDS 80,573 61,266

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

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

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 director and authorised for issue on 14th July 2023 and were signed by:



P D Swords - Director


24-7 AVIATION SERVICES LIMITED (REGISTERED NUMBER: 10756136)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023

1. STATUTORY INFORMATION

24-7 Aviation Services 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.

Going Concern Justification
The director has assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The director has not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31 May 2023 have been prepared using the going concern basis of accounting.

Revenue
Revenue - Described as turnover - is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the provision of services once completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance

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 ) .

24-7 AVIATION SERVICES LIMITED (REGISTERED NUMBER: 10756136)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st June 2022 3,136 82,432 1,448 87,016
Additions - - 1,166 1,166
At 31st May 2023 3,136 82,432 2,614 88,182
DEPRECIATION
At 1st June 2022 2,747 17,135 533 20,415
Charge for year 376 13,059 309 13,744
At 31st May 2023 3,123 30,194 842 34,159
NET BOOK VALUE
At 31st May 2023 13 52,238 1,772 54,023
At 31st May 2022 389 65,297 915 66,601

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,482 8,172
Other debtors 1 1
Prepayments and accrued income 22,602 5,670
27,085 13,843

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 11,637 1,306
VAT 3,168 4,242
Directors' current accounts 14,326 20,297
Accrued expenses 3,000 3,000
32,131 28,845