MAP AIRCRAFT PARTS LIMITED

Company Registration Number:
SC368475 (Scotland)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

MAP AIRCRAFT PARTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes

MAP AIRCRAFT PARTS LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 1,120,679 747,001
Cash at bank and in hand: 187,036 482,419
Investments:   0 0
Total current assets: 1,307,715 1,229,420
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 108,140 ) ( 101,951 )
Net current assets (liabilities): 1,199,575 1,127,469
Total assets less current liabilities: 1,199,575 1,127,469
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 1,199,575 1,127,469
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 1,199,574 1,127,468
Total Shareholders' funds: 1,199,575 1,127,469

The notes form part of these financial statements

MAP AIRCRAFT PARTS LIMITED

Balance sheet statements

For the year ending 31 December 2023 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.

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

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

This report was approved by the board of directors on 21 August 2024
and signed on behalf of the board by:

Name: Martin Purvis
Status: Director

The notes form part of these financial statements

MAP AIRCRAFT PARTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    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.

MAP AIRCRAFT PARTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

MAP AIRCRAFT PARTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Debtors

2023 2022
£ £
Trade debtors 857,266 522,401
Prepayments and accrued income 0 0
Other debtors 263,413 224,600
Total 1,120,679 747,001
Debtors due after more than one year: 0 0

MAP AIRCRAFT PARTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 87,338 66,612
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 20,802 35,339
Total 108,140 101,951

MAP AIRCRAFT PARTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Financial Commitments

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.