Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalse2022-07-01No description of principal activity11true 09090373 2022-07-01 2023-06-30 09090373 2021-07-01 2022-06-30 09090373 2023-06-30 09090373 2022-06-30 09090373 c:Director1 2022-07-01 2023-06-30 09090373 c:RegisteredOffice 2022-07-01 2023-06-30 09090373 d:Buildings d:LongLeaseholdAssets 2022-07-01 2023-06-30 09090373 d:Buildings d:LongLeaseholdAssets 2023-06-30 09090373 d:Buildings d:LongLeaseholdAssets 2022-06-30 09090373 d:PlantMachinery 2022-07-01 2023-06-30 09090373 d:PlantMachinery 2023-06-30 09090373 d:PlantMachinery 2022-06-30 09090373 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09090373 d:FurnitureFittings 2022-07-01 2023-06-30 09090373 d:FurnitureFittings 2023-06-30 09090373 d:FurnitureFittings 2022-06-30 09090373 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09090373 d:ComputerEquipment 2022-07-01 2023-06-30 09090373 d:ComputerEquipment 2023-06-30 09090373 d:ComputerEquipment 2022-06-30 09090373 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09090373 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09090373 d:CurrentFinancialInstruments 2023-06-30 09090373 d:CurrentFinancialInstruments 2022-06-30 09090373 d:Non-currentFinancialInstruments 2023-06-30 09090373 d:Non-currentFinancialInstruments 2022-06-30 09090373 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09090373 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 09090373 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 09090373 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 09090373 d:ShareCapital 2023-06-30 09090373 d:ShareCapital 2022-06-30 09090373 d:RetainedEarningsAccumulatedLosses 2023-06-30 09090373 d:RetainedEarningsAccumulatedLosses 2022-06-30 09090373 c:FRS102 2022-07-01 2023-06-30 09090373 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 09090373 c:FullAccounts 2022-07-01 2023-06-30 09090373 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure
Company registration number: 09090373







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2023


EUROPLANE SALES LIMITED






































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EUROPLANE SALES LIMITED
 


 
COMPANY INFORMATION


Director
A Freeman 




Registered number
09090373



Registered office
Magna House
18-32 London Road

Staines-Upon-Thames

TW18 4BP




Trading Address
1 Fitzgerald Park

Binfield

Berkshire

RG42 4FN






Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


EUROPLANE SALES LIMITED
 



CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5


 


EUROPLANE SALES LIMITED
REGISTERED NUMBER:09090373



BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
47,869
43,076

  
47,869
43,076

Current assets
  

Stocks
  
350,000
160,000

Debtors: amounts falling due within one year
 5 
19,322
3,688

Cash at bank and in hand
  
243,758
374,657

  
613,080
538,345

Creditors: amounts falling due within one year
 6 
(182,319)
(180,858)

Net current assets
  
 
 
430,761
 
 
357,487

Total assets less current liabilities
  
478,630
400,563

Creditors: amounts falling due after more than one year
 7 
(50,000)
(50,000)

Provisions for liabilities
  

Deferred tax
  
(6,405)
(6,275)

  
 
 
(6,405)
 
 
(6,275)

Net assets
  
422,225
344,288


Capital and reserves
  

Called up share capital 
  
101
101

Profit and loss account
  
422,124
344,187

  
422,225
344,288


Page 1

 


EUROPLANE SALES LIMITED
REGISTERED NUMBER:09090373


    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


A Freeman
Director
Date: 14 March 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


EUROPLANE SALES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Europlane Sales Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements.  
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is generated through aviation sales and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Long-term leasehold property
-
15 years
Plant and machinery
-
25% Reducing balance
Fixtures and fittings
-
10% Straight line
Computer equipment
-
20% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 


EUROPLANE SALES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2022
21,286
-
52,563
5,147
78,996


Additions
4,273
7,000
-
1,164
12,437



At 30 June 2023

25,559
7,000
52,563
6,311
91,433



Depreciation


At 1 July 2022
4,730
-
27,932
3,258
35,920


Charge for the year on owned assets
1,491
292
5,169
692
7,644



At 30 June 2023

6,221
292
33,101
3,950
43,564



Net book value



At 30 June 2023
19,338
6,708
19,462
2,361
47,869



At 30 June 2022
16,556
-
24,631
1,889
43,076

Page 4

 


EUROPLANE SALES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Debtors

2023
2022
£
£


Trade debtors
12,000
-

Other debtors
3,530
600

Prepayments and accrued income
3,792
3,088

19,322
3,688



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
(2,579)
34,673

Corporation tax
30,042
33,391

Other taxation and social security
-
7,053

Other creditors
146,356
102,541

Accruals and deferred income
8,500
3,200

182,319
180,858



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
50,000
50,000

50,000
50,000


Lloyds Bank has a fixed and floating charge dated 02 November 2017 secured over all the property or undertakings of the company and contains a negative pledge.

 
Page 5