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REGISTERED NUMBER: 06787942


















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

VM Aviation Consultants Limited

VM Aviation Consultants Limited (Registered number: 06787942)






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


VM Aviation Consultants Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs V Cowper-Smith
J Cowper-Smith





REGISTERED OFFICE: 4 Heath Square
Boltro Rd
Haywards Heath
West Sussex
RH16 1BL





REGISTERED NUMBER: 06787942





ACCOUNTANTS: Macleod Fulton
Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP

VM Aviation Consultants Limited (Registered number: 06787942)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,726 14,099

CURRENT ASSETS
Stocks 12,333 1,653
Debtors 5 2,211 10,738
Cash at bank 10,490 24,359
25,034 36,750
CREDITORS
Amounts falling due within one year 6 17,283 15,929
NET CURRENT ASSETS 7,751 20,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,477

34,920

PROVISIONS FOR LIABILITIES 2,988 2,679
NET ASSETS 20,489 32,241

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 20,389 32,141
20,489 32,241

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 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.

VM Aviation Consultants Limited (Registered number: 06787942)

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 Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:





Mrs V Cowper-Smith - Director


VM Aviation Consultants Limited (Registered number: 06787942)

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

1. STATUTORY INFORMATION

VM Aviation Consultants Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 2 (2022 - 2 ) .

VM Aviation Consultants Limited (Registered number: 06787942)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 18,208 40,759 2,335 61,302
Additions - - 8,027 8,027
At 31 March 2023 18,208 40,759 10,362 69,329
DEPRECIATION
At 1 April 2022 7,966 37,326 1,911 47,203
Charge for year 2,561 858 2,981 6,400
At 31 March 2023 10,527 38,184 4,892 53,603
NET BOOK VALUE
At 31 March 2023 7,681 2,575 5,470 15,726
At 31 March 2022 10,242 3,433 424 14,099

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 9,499
Other debtors 2,211 1,239
2,211 10,738

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 1,769 669
Taxation and social security 9,579 10,795
Other creditors 5,935 4,465
17,283 15,929

7. CONTINGENT LIABILITIES

As at 31 March 2023 the company has no contingent liabilities (2022 - £nil).

8. CAPITAL COMMITMENTS

As at 31 March 2023 the company has no capital commitments (2022 - £nil).

9. RELATED PARTY DISCLOSURES

As at 31 March 2023 included in other creditors is a balance due to Mrs V Cowper-Smith, director of the company of £235 (2022 - £692). There are no fixed repayment terms or interest charged thereon.