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REGISTERED NUMBER: 13025150 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30th November 2023

for

Main-Spar Aviation Ltd

Main-Spar Aviation Ltd (Registered number: 13025150)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Main-Spar Aviation Ltd

Company Information
for the Year Ended 30th November 2023







DIRECTORS: Mrs R O'Brien
P O'Brien





SECRETARY:





REGISTERED OFFICE: c/o AMM
4 Longlands
West End Gardens
Fairford
Gloucestershire
GL7 4LG





REGISTERED NUMBER: 13025150 (England and Wales)





ACCOUNTANTS: AMM Bookkeeping & Accountancy
4 Longlands
West End Gardens
Fairford
Gloucestershire
GL7 4LG

Main-Spar Aviation Ltd (Registered number: 13025150)

Statement of Financial Position
30th November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,286 2,125

CURRENT ASSETS
Cash at bank 2,980 6,255

CREDITORS
Amounts falling due within one year 5 (4,731 ) (5,653 )
NET CURRENT (LIABILITIES)/ASSETS (1,751 ) 602
TOTAL ASSETS LESS CURRENT
LIABILITIES

(465

)

2,727

PROVISIONS FOR LIABILITIES (244 ) (404 )
NET (LIABILITIES)/ASSETS (709 ) 2,323

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (711 ) 2,321
(709 ) 2,323

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.

Main-Spar Aviation Ltd (Registered number: 13025150)

Statement of Financial Position - continued
30th 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st August 2024 and were signed on its behalf by:





Mrs R O'Brien - Director


Main-Spar Aviation Ltd (Registered number: 13025150)

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

1. STATUTORY INFORMATION

Main-Spar Aviation Limited is a private company, registered in England and Wales.
The company's registered number and registered office can be found on the Company Information page. The principle place of business is Chestnut Cottage, Marston Meysey, Swindon, SN6 6LQ.

The presentation currency of the financial statements is UK sterling pounds (£)

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.
Plant and machinery etc - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

Main-Spar Aviation Ltd (Registered number: 13025150)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2022 4,013
Additions 180
At 30th November 2023 4,193
DEPRECIATION
At 1st December 2022 1,888
Charge for year 1,019
At 30th November 2023 2,907
NET BOOK VALUE
At 30th November 2023 1,286
At 30th November 2022 2,125

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security (530 ) 530
Other creditors 5,261 5,123
4,731 5,653