21 AERO LIMITED

Company Registration Number:
14352544 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

21 AERO LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

21 AERO LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

7 months to 31 March 2023


£

£
Fixed assets
Tangible assets: 3 60,348 59,562
Total fixed assets: 60,348 59,562
Current assets
Stocks: 35,165 4,770
Debtors: 4 302,443 145,731
Cash at bank and in hand: 76,663 91,135
Total current assets: 414,271 241,636
Creditors: amounts falling due within one year: 5 (246,132) (159,405)
Net current assets (liabilities): 168,139 82,231
Total assets less current liabilities: 228,487 141,793
Creditors: amounts falling due after more than one year: 6 (17,500)
Provision for liabilities: (15,087) (11,317)
Total net assets (liabilities): 195,900 130,476
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 194,900 129,476
Shareholders funds: 195,900 130,476

The notes form part of these financial statements

21 AERO LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 July 2024
and signed on behalf of the board by:

Name: Jason Hickson
Status: Director

The notes form part of these financial statements

21 AERO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue comprises the aggregate of the fair value of the sale of goods and services provided, net of value added tax. Sale of goods are recognised when the company has delivered products to the customer, the customer has accepted the products and collectability of the related receivables is fairly certain. Service revenues are recognised as those services are provided to customers.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Plant and machinery - 20% on cost Office equipment - 33% on cost

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost represents actual purchase price.

Other accounting policies

Leased assets - rentals payable under operating leases are charged on a straight-line is over the term of the lease. Pension costs - the company operates a defined contribution pension scheme - contributions to the company's pension scheme are charged to profit or loss in the year to which they relate. Research and development - expenditure on research and development is written off in the year in which it is incurred. Deferred taxation - deferred taxation is recognised on all timing differences between the carrying amount of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the periods in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Foreign currencies - monetary 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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

21 AERO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 7 months to 31 March 2023
Average number of employees during the period 7 6

21 AERO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 65,810
Additions 15,460
At 31 March 2024 81,270
Depreciation
At 01 April 2023 6,248
Charge for year 14,674
At 31 March 2024 20,922
Net book value
At 31 March 2024 60,348
At 31 March 2023 59,562

21 AERO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 7 months to 31 March 2023
££
Debtors due after more than one year: 0 0

21 AERO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023 £ £ Trade creditors 38,475 15,217 Other creditors 56,960 113,554 Corporation tax 42,414 19,166 Social security and other taxes 8,105 11,468 Directors' loans 35,178 - Bank loans 65,000 - Total 246,132 159,405

21 AERO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

2024 2023 £ £ Bank loans 17,500 -