Registered Number:06438822 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
Aerotech Solutions Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Aerotech Solutions Ltd
Statement of Financial Position
2023
2024
27,000
36,000
Property, plant and equipment |
135,570
100,522
2
162,570
136,522
Trade and other receivables |
491,463
465,111
3
68,183
Cash and cash equivalents |
95,033
560,144
559,646
Trade and other payables: amounts falling due within one year |
(475,676)
(533,303)
4
83,970
26,841
Net current assets
Total assets less current liabilities |
189,411
220,492
Trade and other payables: amounts falling due after more than |
one year |
(86,006)
(70,440)
5
118,971
Net assets
134,486
100
100
118,871
134,386
118,971
134,486
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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 proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Alexander David Allen Director |
These financial statements were approved and authorised for issue by the Board on 21 August 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
Aerotech Solutions Ltd
Notes to the Financial Statements
Statutory Information
Aerotech Solutions Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 06438822. |
Principal place of business: |
Unit 9
Galleymead Road
Colnbrook
Berkshire
SL3 0EN
3 Conqueror Court
Watermark
Sittingbourne
Kent
ME10 5BH
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 ''The |
Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have |
been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of 5 years. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 March 2024
Aerotech Solutions Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
162,179
5,462
2,101
122,492
32,124
67,196
2,238
-
58,990
5,968
181,482
2,101
7,700
229,375
38,092
Provision for depreciation and impairment |
61,657
2,717
944
45,307
12,689
Charge for year
32,148
1,654
541
20,427
9,526
93,805
4,371
1,485
65,734
22,215
15,877
115,748
616
3,329
135,570
19,435
77,185
1,157
2,745
100,522
3. Trade and other receivables |
2023
2024
293,104
284,259
172,007
207,204
491,463
465,111
4. Trade and other payables: amounts falling due within one year |
2023
2024
Bank loans and overdraft (secured) |
32,963
30,463
206,306
115,696
Taxation and social security |
45,736
73,617
248,298
255,900
533,303
475,676
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For the year ended 31 March 2024
Aerotech Solutions Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year |
2023
2024
Bank loans and overdraft (secured) |
31,296
66,759
39,144
19,247
70,440
86,006
6. Average number of persons employed |
During the year the average number of employees was 16 (2023 : 14)
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