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REGISTERED NUMBER: SC487562 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 SEPTEMBER 2023

FOR

INVERCARGILL AVIATION SERVICES
LIMITED

INVERCARGILL AVIATION SERVICES
LIMITED (REGISTERED NUMBER: SC487562)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

INVERCARGILL AVIATION SERVICES
LIMITED

COMPANY INFORMATION
for the Year Ended 29 September 2023







DIRECTOR: S Webb





REGISTERED OFFICE: The Steading Glackburn
Glenprosen
Kirriemuir
Angus
DD8 4ND





REGISTERED NUMBER: SC487562 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

INVERCARGILL AVIATION SERVICES
LIMITED (REGISTERED NUMBER: SC487562)

BALANCE SHEET
29 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,448 2,880

CURRENT ASSETS
Debtors 5 - 12,801
Cash at bank 17,714 16,080
17,714 28,881
CREDITORS
Amounts falling due within one year 6 17,209 16,161
NET CURRENT ASSETS 505 12,720
TOTAL ASSETS LESS CURRENT LIABILITIES 27,953 15,600

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 27,952 15,599
SHAREHOLDERS' FUNDS 27,953 15,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 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 4 March 2024 and were signed by:





S Webb - Director


INVERCARGILL AVIATION SERVICES
LIMITED (REGISTERED NUMBER: SC487562)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 September 2023

1. STATUTORY INFORMATION

Invercargill Aviation Services Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Freehold property - Straight line over 20 years
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

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.

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 1 (2022 - 1 ) .

INVERCARGILL AVIATION SERVICES
LIMITED (REGISTERED NUMBER: SC487562)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 September 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 30 September 2022 2,055 - 930
Additions - 890 -
Disposals - - -
At 29 September 2023 2,055 890 930
DEPRECIATION
At 30 September 2022 196 - 353
Charge for year 102 167 186
Eliminated on disposal - - -
At 29 September 2023 298 167 539
NET BOOK VALUE
At 29 September 2023 1,757 723 391
At 29 September 2022 1,859 - 577

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 30 September 2022 - 3,434 6,419
Additions 28,094 1,209 30,193
Disposals - (914 ) (914 )
At 29 September 2023 28,094 3,729 35,698
DEPRECIATION
At 30 September 2022 - 2,990 3,539
Charge for year 4,682 488 5,625
Eliminated on disposal - (914 ) (914 )
At 29 September 2023 4,682 2,564 8,250
NET BOOK VALUE
At 29 September 2023 23,412 1,165 27,448
At 29 September 2022 - 444 2,880

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 12,801

INVERCARGILL AVIATION SERVICES
LIMITED (REGISTERED NUMBER: SC487562)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation Tax 8,306 10,612
Directors' current accounts 8,903 5,549
17,209 16,161

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 September 2023 and 29 September 2022:

2023 2022
£    £   
S Webb
Balance outstanding at start of year (5,549 ) (2,359 )
Amounts advanced 21,142 -
Amounts repaid (24,496 ) (3,190 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,903 ) (5,549 )

This loan is interest free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Webb.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
INVERCARGILL AVIATION SERVICES
LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Invercargill Aviation Services Limited for the year ended 29 September 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Invercargill Aviation Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Invercargill Aviation Services Limited and state those matters that we have agreed to state to the director of Invercargill Aviation Services Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Invercargill Aviation Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Invercargill Aviation Services Limited. You consider that Invercargill Aviation Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Invercargill Aviation Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


16 February 2024