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REGISTERED NUMBER: 07069983 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 30th November 2023

for

Aerial and Handling Services Ltd

Aerial and Handling Services Ltd (Registered number: 07069983)






Contents of the Financial Statements
for the Year Ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aerial and Handling Services Ltd

Company Information
for the Year Ended 30th November 2023







DIRECTORS: S R Curtis
I Harding





REGISTERED OFFICE: Unit 62 Mackley Industrial Estate
Henfield Road
Small Dole
Henfield
West Sussex
BN5 9XR





REGISTERED NUMBER: 07069983 (England and Wales)





ACCOUNTANTS: Sigma Partners
Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE

Aerial and Handling Services Ltd (Registered number: 07069983)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 519,854 483,098
519,854 483,098

CURRENT ASSETS
Stocks 6 3,000 10,000
Debtors 7 101,768 114,543
Cash at bank 24,074 25,544
128,842 150,087
CREDITORS
Amounts falling due within one year 8 267,832 290,732
NET CURRENT LIABILITIES (138,990 ) (140,645 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,864

342,453

CREDITORS
Amounts falling due after more than one
year

9

(128,681

)

(132,913

)

PROVISIONS FOR LIABILITIES (111,769 ) (89,385 )
NET ASSETS 140,414 120,155

Aerial and Handling Services Ltd (Registered number: 07069983)

Balance Sheet - continued
30th November 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 115 115
Retained earnings 140,299 120,040
SHAREHOLDERS' FUNDS 140,414 120,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 24th July 2024 and were signed on its behalf by:




I Harding - Director



S R Curtis - Director


Aerial and Handling Services Ltd (Registered number: 07069983)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

Aerial and Handling 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Other intangibles are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks 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 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.


Aerial and Handling Services Ltd (Registered number: 07069983)

Notes to the Financial Statements - continued
for the Year Ended 30th November 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 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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
Other
intangible
assets
£   
COST
At 1st December 2022
and 30th November 2023 9,750
AMORTISATION
At 1st December 2022
and 30th November 2023 9,750
NET BOOK VALUE
At 30th November 2023 -
At 30th November 2022 -

Aerial and Handling Services Ltd (Registered number: 07069983)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st December 2022 614,244 4,410 114,403 3,936 736,993
Additions 56,000 - 101,090 - 157,090
Disposals (34,063 ) - (61,445 ) - (95,508 )
At 30th November 2023 636,181 4,410 154,048 3,936 798,575
DEPRECIATION
At 1st December 2022 177,996 4,210 68,048 3,641 253,895
Charge for year 46,885 99 32,582 259 79,825
Eliminated on disposal (10,673 ) - (44,326 ) - (54,999 )
At 30th November 2023 214,208 4,309 56,304 3,900 278,721
NET BOOK VALUE
At 30th November 2023 421,973 101 97,744 36 519,854
At 30th November 2022 436,248 200 46,355 295 483,098

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st December 2022 184,091 44,450 228,541
Additions 25,000 101,090 126,090
Disposals (23,203 ) (31,950 ) (55,153 )
Transfer to ownership (56,264 ) - (56,264 )
At 30th November 2023 129,624 113,590 243,214
DEPRECIATION
At 1st December 2022 60,052 27,016 87,068
Charge for year 13,382 26,262 39,644
Eliminated on disposal (7,980 ) (18,471 ) (26,451 )
Transfer to ownership (25,714 ) - (25,714 )
At 30th November 2023 39,740 34,807 74,547
NET BOOK VALUE
At 30th November 2023 89,884 78,783 168,667
At 30th November 2022 124,039 17,434 141,473

Aerial and Handling Services Ltd (Registered number: 07069983)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

6. STOCKS
2023 2022
£    £   
Stocks 3,000 10,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 93,405 110,777
Other debtors 8,363 3,766
101,768 114,543

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 124,799 115,167
Hire purchase contracts 42,137 40,825
Trade creditors 43,744 28,475
Taxation and social security 22,091 42,462
Other creditors 35,061 63,803
267,832 290,732

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 40,989 91,584
Hire purchase contracts 87,692 41,329
128,681 132,913

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 74,204 68,255
Hire purchase contracts 129,829 82,154
204,033 150,409

The bank overdraft is secured by a fixed and floating charge over all assets. The hire purchase liabilities are secured over the related assets.