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REGISTERED NUMBER: 05486550 (England and Wales)

















Audited Financial Statements

for the Year Ended 31 December 2023

for

AutoGyro Certification Limited

AutoGyro Certification Limited (Registered number: 05486550)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AutoGyro Certification Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: G A Speich



SECRETARY: Mrs J E Speich



REGISTERED OFFICE: Poplar Farm
Prolly Moor Wentor
Bishops Castle
Sth Shropshire
SY9 5EJ



REGISTERED NUMBER: 05486550 (England and Wales)



AUDITORS: WR Partners
Chartered Accountants and Statutory Auditor
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG



BANKERS: HSBC Bank PLC
1 Broad Street
Leominster
Herefordshire
HR68BU

AutoGyro Certification Limited (Registered number: 05486550)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 1,984
Property, plant and equipment 6 1,763 2,411
1,763 4,395

CURRENT ASSETS
Debtors 7 203,322 173,959
Cash at bank and in hand 1,679 7,252
205,001 181,211
CREDITORS
Amounts falling due within one year 8 168,351 123,142
NET CURRENT ASSETS 36,650 58,069
TOTAL ASSETS LESS CURRENT LIABILITIES 38,413 62,464

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 38,313 62,364
38,413 62,464

AutoGyro Certification Limited (Registered number: 05486550)

Statement of Financial Position - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2024 and were signed by:





G A Speich - Director


AutoGyro Certification Limited (Registered number: 05486550)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

AutoGyro Certification 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.

Development expenditure
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.

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 - 20% on reducing balance
Fixtures and fittings - 30% on reducing balance

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.


AutoGyro Certification Limited (Registered number: 05486550)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

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 2 (2022 - 2 ) .

AutoGyro Certification Limited (Registered number: 05486550)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. AUDITORS' REMUNERATION
2023 2022
£    £   
Fees payable to the company's auditors for the audit of the
company's financial statements

3,350

3,240

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 207,854
AMORTISATION
At 1 January 2023 205,870
Charge for year 1,984
At 31 December 2023 207,854
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 1,984

AutoGyro Certification Limited (Registered number: 05486550)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 2,130 2,389 4,519
DEPRECIATION
At 1 January 2023 1,374 734 2,108
Charge for year 152 496 648
At 31 December 2023 1,526 1,230 2,756
NET BOOK VALUE
At 31 December 2023 604 1,159 1,763
At 31 December 2022 756 1,655 2,411

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 199,956 171,813
Other debtors 3,366 2,146
203,322 173,959

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,961 8,121
Amounts owed to group undertakings 1,108 1,108
Taxation and social security 31,455 61,534
Other creditors 130,827 52,379
168,351 123,142

AutoGyro Certification Limited (Registered number: 05486550)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

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

The Report of the Auditors was unqualified.

Helen Pierce (Senior Statutory Auditor)
for and on behalf of WR Partners

10. RELATED PARTY DISCLOSURES

Included in creditors due within one year is an amount of £121,468 (2022: £5.616) due to the director of the company. No interest is charged on this loan. The loan is repayable on demand.

During the year the company provided services to the value of £nil (2022: £10,176) to AutoGyro Investment Holding Ltd, the ultimate parent company. At the balance sheet date AutoGyro Investment Holding Ltd owed the company £10,176 (2022: £10,176) for these services.

During the year the company provided services to the value of £58,100 (2022: £206,150) to AutoGyro Advanced Concepts, a company that is 60% owned by AutoGyro Investment Holding Ltd. At the balance sheet date AutoGyro Advanced Concepts owed the company £58,100 (2022: £132,524) for these services.

The company provided services to the value of £275,598 (2022: £117,091) to AutoGyro GmbH, a company that is a part of the AutoGyro Investment Holding Ltd group. At the balance sheet date AutoGyro GmbH owed the company £141,856 (2022: £21,000) for these services. During the year the company purchased goods from AutoGyro GmbH to the value of £nil (2022: £1,108). At the balance sheet date the company owed AutoGyro GmbH £1,108 (2022: £,1,108) for these purchases.

During the year the company provided services to the value of £1,607 (2022: £9,763) to AutoGyro USA, a company that is owned by AutoGyro Advanced Concepts Holding AG, a company part of the AutoGyro Investment Holding Ltd group. At the balance sheet date AutoGyro USA owed the company £nil (2022: £nil) for these services.

During the year the company provided services to the value of £(8,113) credit note (2022: £7,715 sales) to AutoGyro China Holding Co Ltd, a company that is owned by AutoGyro Advanced Concepts Holding AG. At the balance sheet date AutoGyro China Holding Co Ltd owed the company £nil (2022: £8,113) for these services.

11. ULTIMATE CONTROLLING PARTY

The controlling party is AutoGyro Advanced Concepts Holding AG, a company incorporated in Switzerland and which holds a 100% interest in the shareholding of the company.The registered office of the parent company is c/o Maygold Ltd, Baarerstrasse 8, CH-6300 Zug.

AutoGyro Certification Limited (Registered number: 05486550)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

12. ULTIMATE PARENT UNDERTAKING

The ultimate holding company is AutoGyro Investment Holding Ltd, a company incorporated in Switzerland, which is a majority shareholder in AutoGyro Advanced Concepts Holding AG, which in turn owns 100% of the issued share capital of AutoGyro Certification Limited.