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REGISTERED NUMBER: 04609439 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31st December 2023

for

AIRCRAFT PARTS & LOGISTICS LTD

AIRCRAFT PARTS & LOGISTICS LTD (REGISTERED NUMBER: 04609439)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

AIRCRAFT PARTS & LOGISTICS LTD

Company Information
for the year ended 31st December 2023







DIRECTOR: A J Feltham





REGISTERED OFFICE: Suffolk House
George Street
Croydon
Surrey
CR0 0YN





REGISTERED NUMBER: 04609439 (England and Wales)





ACCOUNTANTS: Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN

AIRCRAFT PARTS & LOGISTICS LTD (REGISTERED NUMBER: 04609439)

Statement of Financial Position
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 37,395 31,162
Investment property 6 281,880 281,880
319,275 313,042

CURRENT ASSETS
Inventories 668,000 427,000
Debtors 7 145,888 279,259
Investments 8 15,000 16,000
Cash at bank 315,499 505,542
1,144,387 1,227,801
CREDITORS
Amounts falling due within one year 9 205,664 293,767
NET CURRENT ASSETS 938,723 934,034
TOTAL ASSETS LESS CURRENT LIABILITIES 1,257,998 1,247,076

CREDITORS
Amounts falling due after more than one
year

10

33,287

38,955
NET ASSETS 1,224,711 1,208,121

CAPITAL AND RESERVES
Called up share capital 5,100 5,100
Retained earnings 1,219,611 1,203,021
SHAREHOLDERS' FUNDS 1,224,711 1,208,121

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

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

AIRCRAFT PARTS & LOGISTICS LTD (REGISTERED NUMBER: 04609439)

Statement of Financial Position - continued
31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th March 2024 and were signed by:





A J Feltham - Director


AIRCRAFT PARTS & LOGISTICS LTD (REGISTERED NUMBER: 04609439)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Aircraft Parts & Logistics 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 10% on cost
Fixtures & fittings - 25% reducing balance
Motor vehicles - 25% reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


AIRCRAFT PARTS & LOGISTICS LTD (REGISTERED NUMBER: 04609439)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 5,000
AMORTISATION
At 1st January 2023
and 31st December 2023 5,000
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 -

AIRCRAFT PARTS & LOGISTICS LTD (REGISTERED NUMBER: 04609439)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

5. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st January 2023 42,091 24,458 5,327 71,876
Additions 12,600 - - 12,600
At 31st December 2023 54,691 24,458 5,327 84,476
DEPRECIATION
At 1st January 2023 14,518 21,402 4,794 40,714
Charge for year 5,469 764 134 6,367
At 31st December 2023 19,987 22,166 4,928 47,081
NET BOOK VALUE
At 31st December 2023 34,704 2,292 399 37,395
At 31st December 2022 27,573 3,056 533 31,162

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023
and 31st December 2023 281,880
NET BOOK VALUE
At 31st December 2023 281,880
At 31st December 2022 281,880

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 326,684 388,545
Bad debt allowance (199,820 ) (145,000 )
VAT 10,493 6,968
Prepayments 8,531 28,746
145,888 279,259

8. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Unlisted investments 15,000 16,000

AIRCRAFT PARTS & LOGISTICS LTD (REGISTERED NUMBER: 04609439)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 5,593 5,449
Trade creditors 63,365 138,892
Tax 8,510 9,731
Social security and other taxes 5,483 3,172
Directors' loan accounts 117,113 116,466
Accrued expenses 5,600 20,057
205,664 293,767

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 5,609 5,465
Bank loans - 2-5 years 18,375 17,620
Bank loans more 5 yr by instal 9,303 15,870
33,287 38,955

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,303 15,870

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Aircraft Parts & Logistics Ltd

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 Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income 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 Aircraft Parts & Logistics Ltd for the year ended 31st December 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Aircraft Parts & Logistics Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aircraft Parts & Logistics Ltd and state those matters that we have agreed to state to the director of Aircraft Parts & Logistics Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aircraft Parts & Logistics Ltd and its director for our work or for this report.

It is your duty to ensure that Aircraft Parts & Logistics Ltd 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 Aircraft Parts & Logistics Ltd. You consider that Aircraft Parts & Logistics Ltd 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 Aircraft Parts & Logistics Ltd. 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.






Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN


Date: .............................................