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REGISTERED NUMBER: 02993728 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Aircraft Independent Records Limited

Aircraft Independent Records Limited (Registered number: 02993728)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Aircraft Independent Records Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: B Glover





REGISTERED OFFICE: The Air Centre
Cinder Hill
Horstead Keynes
West Sussex
RH17 7BA





REGISTERED NUMBER: 02993728 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

Aircraft Independent Records Limited (Registered number: 02993728)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,028 4,584

CURRENT ASSETS
Debtors 5 50,457 24,817
Cash at bank 74,310 58,274
124,767 83,091
CREDITORS
Amounts falling due within one year 6 22,253 21,398
NET CURRENT ASSETS 102,514 61,693
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,542

66,277

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 7 103,540 66,275
SHAREHOLDERS' FUNDS 103,542 66,277

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 January 2024 and were signed by:





B Glover - Director


Aircraft Independent Records Limited (Registered number: 02993728)

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

1. STATUTORY INFORMATION

Aircraft Independent Records 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.

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.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Aircraft Independent Records Limited (Registered number: 02993728)

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

4. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 32,134 77,134 109,268
DEPRECIATION
At 1 January 2023 28,922 75,762 104,684
Charge for year 3,213 343 3,556
At 31 December 2023 32,135 76,105 108,240
NET BOOK VALUE
At 31 December 2023 (1 ) 1,029 1,028
At 31 December 2022 3,212 1,372 4,584

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Directors' current accounts 50,075 24,510
VAT 382 307
50,457 24,817

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax 21,133 20,278
Accrued expenses 1,120 1,120
22,253 21,398

7. RESERVES
Retained
earnings
£   

At 1 January 2023 66,275
Profit for the year 72,265
Dividends (35,000 )
At 31 December 2023 103,540