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REGISTERED NUMBER: 04631937 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

AER-SAT COMMUNICATIONS LIMITED

AER-SAT COMMUNICATIONS LIMITED (REGISTERED NUMBER: 04631937)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AER-SAT COMMUNICATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: C J Whaling



SECRETARY: K J Whaling



REGISTERED OFFICE: Amyas House
9 Ashwood Heights
Middlestown
Wakefield
West Yorkshire
WF4 4UD



REGISTERED NUMBER: 04631937 (England and Wales)



ACCOUNTANTS: Reed Smith Associates Limited
Copia House
Great Cliffe Court
Great Cliffe Road
Barnsley
South Yorkshire
S75 3SP



BANKERS: HSBC Bank plc
66 Westgate
Wakefield
West Yorkshire
WF1 1XB

AER-SAT COMMUNICATIONS LIMITED (REGISTERED NUMBER: 04631937)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 112,048 72,105
112,048 72,105

CURRENT ASSETS
Inventories 6 3,178 2,931
Debtors 7 125,499 136,566
Cash at bank and in hand 123,436 127,534
252,113 267,031
CREDITORS
Amounts falling due within one year 8 85,724 125,807
NET CURRENT ASSETS 166,389 141,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,437

213,329

CREDITORS
Amounts falling due after more than one
year

9

(63,351

)

(30,335

)

PROVISIONS FOR LIABILITIES (28,012 ) (18,026 )
NET ASSETS 187,074 164,968

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 186,074 163,968
SHAREHOLDERS' FUNDS 187,074 164,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AER-SAT COMMUNICATIONS LIMITED (REGISTERED NUMBER: 04631937)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2024


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 3 September 2024 and were signed by:





C J Whaling - Director


AER-SAT COMMUNICATIONS LIMITED (REGISTERED NUMBER: 04631937)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Aer-Sat Communications 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.

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

Goodwill
Goodwill is stated at cost less amortisation and is written off on a straight line basis over 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment - 25% on reducing balance
Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

AER-SAT COMMUNICATIONS LIMITED (REGISTERED NUMBER: 04631937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 7,700
AMORTISATION
At 1 February 2023
and 31 January 2024 7,700
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

AER-SAT COMMUNICATIONS LIMITED (REGISTERED NUMBER: 04631937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. PROPERTY, PLANT AND EQUIPMENT
Office Motor
Equipment equipment vehicles Totals
£    £    £    £   
COST
At 1 February 2023 6,986 5,480 129,812 142,278
Additions - - 86,087 86,087
Disposals - - (69,643 ) (69,643 )
At 31 January 2024 6,986 5,480 146,256 158,722
DEPRECIATION
At 1 February 2023 3,677 4,293 62,203 70,173
Charge for year 1,140 331 16,204 17,675
Eliminated on disposal - - (41,174 ) (41,174 )
At 31 January 2024 4,817 4,624 37,233 46,674
NET BOOK VALUE
At 31 January 2024 2,169 856 109,023 112,048
At 31 January 2023 3,309 1,187 67,609 72,105

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023 71,163
Additions 66,896
Disposals (56,844 )
At 31 January 2024 81,215
DEPRECIATION
At 1 February 2023 41,617
Charge for year 4,557
Eliminated on disposal (34,375 )
At 31 January 2024 11,799
NET BOOK VALUE
At 31 January 2024 69,416
At 31 January 2023 29,546

6. INVENTORIES
31.1.24 31.1.23
£    £   
Stocks 3,178 2,931

AER-SAT COMMUNICATIONS LIMITED (REGISTERED NUMBER: 04631937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 118,969 130,470
Other debtors and prepayments 6,530 6,096
125,499 136,566

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 4,128 6,667
Hire purchase contracts 9,767 13,137
Trade creditors 31,026 24,808
Taxation and social security 33,231 76,551
Other creditors 7,572 4,644
85,724 125,807

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 28,784 30,335
Hire purchase contracts 34,567 -
63,351 30,335

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after more than 5 years 11,375 -

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts 44,334 13,137

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the director Mr C J Whaling by virtue of his controlling shareholding.