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REGISTERED NUMBER: SC716711 (Scotland)












Financial Statements for the Year Ended 30 November 2023

for

ACI AVIATION CONSULTANCY LTD

ACI AVIATION CONSULTANCY LTD (REGISTERED NUMBER: SC716711)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACI AVIATION CONSULTANCY LTD

Company Information
for the Year Ended 30 November 2023







DIRECTORS: J S McMichael
A McMichael





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC716711 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

ACI AVIATION CONSULTANCY LTD (REGISTERED NUMBER: SC716711)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 112,407 121,635

CURRENT ASSETS
Debtors 5 37,497 17,478
Cash at bank 11,262 -
48,759 17,478
CREDITORS
Amounts falling due within one year 6 92,910 55,298
NET CURRENT LIABILITIES (44,151 ) (37,820 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,256

83,815

CREDITORS
Amounts falling due after more than one
year

7

(68,142

)

(82,531

)

PROVISIONS FOR LIABILITIES - (1,170 )
NET ASSETS 114 114

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 112 112
SHAREHOLDERS' FUNDS 114 114

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

ACI AVIATION CONSULTANCY LTD (REGISTERED NUMBER: SC716711)

Balance Sheet - continued
30 November 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





J S McMichael - Director


ACI AVIATION CONSULTANCY LTD (REGISTERED NUMBER: SC716711)

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

1. STATUTORY INFORMATION

ACI Aviation Consultancy Ltd is a private company, limited by shares , registered in Scotland. 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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Deferred tax
Deferred tax is recognised in respect of all material 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

ACI AVIATION CONSULTANCY LTD (REGISTERED NUMBER: SC716711)

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

4. TANGIBLE FIXED ASSETS
Freehold Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 22,057 113,803 - 135,860
Additions - 19,056 679 19,735
At 30 November 2023 22,057 132,859 679 155,595
DEPRECIATION
At 1 December 2022 - 14,225 - 14,225
Charge for year - 28,864 99 28,963
At 30 November 2023 - 43,089 99 43,188
NET BOOK VALUE
At 30 November 2023 22,057 89,770 580 112,407
At 30 November 2022 22,057 99,578 - 121,635

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 37,497 17,478

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 14,389 14,389
Taxation and social security 77,153 39,643
Other creditors 1,368 1,266
92,910 55,298

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 68,142 82,531

8. RELATED PARTY DISCLOSURES

The company was under the control of the directors throughout the current period.

During the period the company advanced the director net amounts totalling £10,962. As at 30 November 2023 included within other debtors is a balance outstanding due to the company of £24,030 (2022 - £13,068). Interest has been charged on this loan as prescribed by HMRC.