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REGISTERED NUMBER: 03702091 (England and Wales)











Financial Statements

for the Year Ended 30 November 2023

for

Aero Anglia Limited

Aero Anglia Limited (Registered number: 03702091)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Aero Anglia Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: K T Barber





SECRETARY: Mrs A J Barber





REGISTERED OFFICE: 5 Grange Way
Colchester
Essex
CO2 8HG





REGISTERED NUMBER: 03702091 (England and Wales)





AUDITORS: Knights Lowe Limited
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

Aero Anglia Limited (Registered number: 03702091)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,025 3,405

CURRENT ASSETS
Stocks 155,648 3,750
Debtors 5 121,817 126,096
Cash at bank 65,905 48,677
343,370 178,523
CREDITORS
Amounts falling due within one year 6 212,103 172,723
NET CURRENT ASSETS 131,267 5,800
TOTAL ASSETS LESS CURRENT LIABILITIES 137,292 9,205

CAPITAL AND RESERVES
Called up share capital 7 120 120
Retained earnings 137,172 9,085
SHAREHOLDERS' FUNDS 137,292 9,205

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 30 August 2024 and were signed by:





K T Barber - Director


Aero Anglia Limited (Registered number: 03702091)

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

1. STATUTORY INFORMATION

Aero Anglia Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements
In preparing these financial statements the directors have made the following significant judgements and estimates:-

Amounts recoverable on contracts
In determining the carrying value of amounts recoverable on contracts, the directors review each contract using their experience and contract data in order to determine whether any amounts are considered irrecoverable.

Turnover
Turnover represents services provided and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Where a service is incomplete at the financial year end, an appropriate amount is included in turnover based on the stage of completion of the transaction. Related uninvoiced amounts are included in amounts recoverable on contracts in the Statement of Financial Position.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

Aero Anglia Limited (Registered number: 03702091)

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

2. ACCOUNTING POLICIES - continued

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.

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.

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 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022 34,194 1,337 2,592 38,123
Additions 4,166 - - 4,166
At 30 November 2023 38,360 1,337 2,592 42,289
DEPRECIATION
At 1 December 2022 31,103 1,291 2,324 34,718
Charge for year 1,467 12 67 1,546
At 30 November 2023 32,570 1,303 2,391 36,264
NET BOOK VALUE
At 30 November 2023 5,790 34 201 6,025
At 30 November 2022 3,091 46 268 3,405

Aero Anglia Limited (Registered number: 03702091)

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

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 72,162 19,015
Amounts owed by group undertakings 40,722 3,242
Amounts recoverable on contracts - 98,834
Other debtors 8,933 4,566
121,817 125,657

Amounts falling due after more than one year:
Other debtors - 439

Aggregate amounts 121,817 126,096

The 2022 amounts owed by group undertakings of £3,242 are stated after the deduction of an impairment provision of £94,123. In 2023 this provision is no longer considered necessary and has been reversed.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 54,389 15,930
Amounts owed to group undertakings 149,339 136,107
Taxation and social security 5,023 17,386
Other creditors 3,352 3,300
212,103 172,723

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100
20 Ordinary B 1 20 20
120 120

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Mortimer FCA FCCA (Senior Statutory Auditor)
for and on behalf of Knights Lowe Limited

9. CONTROLLING PARTY

The controlling party is Colne Valley Electrical Limited whose registered office is at 5 Grange Way, Colchester, Essex, CO2 8HG.