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REGISTERED NUMBER: 08903389 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Voler Aviation Services Ltd

Voler Aviation Services Ltd (Registered number: 08903389)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Voler Aviation Services Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S Tindall





REGISTERED OFFICE: Suite 1, The Old Fire Station
Cotswold Airport
Cirencester
Gloucestershire
GL7 6BA





REGISTERED NUMBER: 08903389 (England and Wales)





ACCOUNTANTS: Andersons
53 Wellhall Road
Hamilton
Lanarkshire
ML3 9BY

Voler Aviation Services Ltd (Registered number: 08903389)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,149,485 19,790

CURRENT ASSETS
Debtors 5 67,757 179,445
Cash at bank 56,956 210,799
124,713 390,244
CREDITORS
Amounts falling due within one year 6 887,726 431,780
NET CURRENT LIABILITIES (763,013 ) (41,536 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

386,472

(21,746

)

CREDITORS
Amounts falling due after more than one year 7 652,553 11,667
NET LIABILITIES (266,081 ) (33,413 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (266,091 ) (33,423 )
SHAREHOLDERS' FUNDS (266,081 ) (33,413 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Voler Aviation Services Ltd (Registered number: 08903389)

Balance Sheet - continued
31 March 2024


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 11 April 2024 and were signed by:





S Tindall - Director


Voler Aviation Services Ltd (Registered number: 08903389)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Voler Aviation Services Ltd 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 represents net invoiced sales of services, excluding value added tax.

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 etc - 15% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The financial statements have been prepared under the going concern policy as the director has indicated his willingness to continue to support the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Voler Aviation Services Ltd (Registered number: 08903389)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 19,790
Additions 1,291,375
At 31 March 2024 1,311,165
DEPRECIATION
Charge for year 161,680
At 31 March 2024 161,680
NET BOOK VALUE
At 31 March 2024 1,149,485
At 31 March 2023 19,790

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 65,315 16,909
Other debtors 2,442 162,536
67,757 179,445

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors 72,477 15,025
Taxation and social security - 2,998
Other creditors 811,249 409,757
887,726 431,780

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 8,000 11,667
Other creditors 644,553 -
652,553 11,667

Voler Aviation Services Ltd (Registered number: 08903389)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Tindall.