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Registration number: 11100866

Hussey Aviation Limited

Annual Report and Unaudited Financial Statements

For The Year Ended 31 March 2024

 

Hussey Aviation Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Hussey Aviation Limited

(Registration number: 11100866)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

           

Current assets

   

 

Debtors

5

 

-

 

598

Cash at bank and in hand

   

107,789

 

89,125

   

107,789

 

89,723

Creditors: Amounts falling due within one year

6

 

(32,991)

 

(11,623)

Net assets

   

74,798

 

78,100

Capital and reserves

   

 

Called up share capital

100

 

100

 

Profit and loss account

74,698

 

78,000

 

Total equity

   

74,798

 

78,100

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 19 September 2024
 

.........................................
Mr Ian Hussey
Director

 

Hussey Aviation Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Fusion Court
Aberford Road
Garforth
West Yorkshire
LS25 2GH
England

These financial statements were authorised for issue by the director on 19 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when, the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Hussey Aviation Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on cost

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

5,400

5,400

At 31 March 2024

5,400

5,400

Depreciation

At 1 April 2023

5,400

5,400

At 31 March 2024

5,400

5,400

Carrying amount

At 31 March 2024

-

-

 

Hussey Aviation Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

598

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

8,843

9,035

Other creditors

24,148

2,588

32,991

11,623