1 June 2022 false No description of principal activity Taxfiler 2023.10.1 06251038business:PrivateLimitedCompanyLtd2022-06-012023-05-31 062510382022-05-31 062510382022-06-012023-05-31 06251038business:AuditExempt-NoAccountantsReport2022-06-012023-05-31 06251038business:FilletedAccounts2022-06-012023-05-31 062510382023-05-31 06251038business:Director12022-06-012023-05-31 06251038business:RegisteredOffice2022-06-012023-05-31 062510382022-05-31 06251038core:WithinOneYear2023-05-31 06251038core:WithinOneYear2022-05-31 06251038core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 06251038core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 06251038core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 06251038core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 06251038core:PreviouslyStatedAmount2023-05-31 06251038core:PreviouslyStatedAmount2022-05-31 06251038business:SmallEntities2022-06-012023-05-31 06251038countries:EnglandWales2022-06-012023-05-31 06251038core:MotorVehicles2022-06-012023-05-31 06251038core:ComputerEquipment2022-06-012023-05-31 06251038core:MotorVehicles2022-05-31 06251038core:ComputerEquipment2022-05-31 06251038core:MotorVehicles2023-05-31 06251038core:ComputerEquipment2023-05-31 06251038business:OrdinaryShareClass12022-06-012023-05-31 06251038business:OrdinaryShareClass12021-06-012022-05-31 062510382021-06-012022-05-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 06251038 (England and Wales)
Torquil Aviation Limited Unaudited accounts for the year ended 31 May 2023
Torquil Aviation Limited Unaudited accounts Contents
Page
- 2 -
Torquil Aviation Limited Company Information for the year ended 31 May 2023
Director
R T Keel
Company Number
06251038 (England and Wales)
Registered Office
FIRST FLOOR 25 CHERTSEY ROAD CHOBHAM WOKING GU24 8PD ENGLAND
- 3 -
Torquil Aviation Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,760 
9,826 
Current assets
Debtors
21,617 
15,630 
Cash at bank and in hand
123,553 
216,980 
145,170 
232,610 
Creditors: amounts falling due within one year
(2,305)
(84,606)
Net current assets
142,865 
148,004 
Net assets
149,625 
157,830 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
149,525 
157,730 
Shareholders' funds
149,625 
157,830 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 November 2023 and were signed on its behalf by
R T Keel Director Company Registration No. 06251038
- 4 -
Torquil Aviation Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Torquil Aviation Limited is a private company, limited by shares, registered in England and Wales, registration number 06251038. The registered office is FIRST FLOOR 25 CHERTSEY ROAD, CHOBHAM, WOKING, GU24 8PD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight line
Computer equipment
20% Straight line
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
27,620 
3,336 
30,956 
Additions
- 
1,091 
1,091 
At 31 May 2023
27,620 
4,427 
32,047 
Depreciation
At 1 June 2022
19,552 
1,578 
21,130 
Charge for the year
4,157 
- 
4,157 
At 31 May 2023
23,709 
1,578 
25,287 
Net book value
At 31 May 2023
3,911 
2,849 
6,760 
At 31 May 2022
8,068 
1,758 
9,826 
- 5 -
Torquil Aviation Limited Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,585 
15,630 
Other debtors
32 
- 
21,617 
15,630 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
961 
959 
Taxes and social security
9,595 
6,678 
Loans from directors
(47,043)
38,479 
Accruals
38,792 
38,490 
2,305 
84,606 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 6 -