IRIS Accounts Production v24.2.0.383 03180760 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 26.9.24 true false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031807602023-03-31031807602024-03-31031807602023-04-012024-03-31031807602022-03-31031807602022-04-012023-03-31031807602023-03-3103180760ns15:EnglandWales2023-04-012024-03-3103180760ns14:PoundSterling2023-04-012024-03-3103180760ns10:Director12023-04-012024-03-3103180760ns10:Director22023-04-012024-03-3103180760ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103180760ns10:SmallEntities2023-04-012024-03-3103180760ns10:Audited2023-04-012024-03-3103180760ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103180760ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103180760ns10:FullAccounts2023-04-012024-03-3103180760ns10:Director32023-04-012024-03-3103180760ns10:CompanySecretary12023-04-012024-03-3103180760ns10:RegisteredOffice2023-04-012024-03-3103180760ns5:CurrentFinancialInstruments2024-03-3103180760ns5:CurrentFinancialInstruments2023-03-3103180760ns5:ShareCapital2024-03-3103180760ns5:ShareCapital2023-03-3103180760ns5:RetainedEarningsAccumulatedLosses2024-03-3103180760ns5:RetainedEarningsAccumulatedLosses2023-03-3103180760ns5:PlantMachinery2023-04-012024-03-3103180760ns5:PlantMachinery2023-03-3103180760ns5:PlantMachinery2024-03-3103180760ns5:PlantMachinery2023-03-3103180760ns5:CostValuation2023-03-3103180760ns5:DisposalsRepaymentsInvestments2024-03-3103180760ns5:CostValuation2024-03-3103180760ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103180760ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 03180760 (England and Wales)












Sywell Aviation Limited

Financial Statements

for the Year Ended 31 March 2024






Sywell Aviation Limited (Registered number: 03180760)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sywell Aviation Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Sywell Aerodrome,Limited
M H Bletsoe-Brown
Mrs J Jones



SECRETARY: Mrs J Jones



REGISTERED OFFICE: Hall Farm
Sywell Aerodrome
Sywell
Northampton
Northamptonshire
NN6 0BN



REGISTERED NUMBER: 03180760 (England and Wales)



AUDITORS: Kilby Fox
Statutory Auditor
4 Pavilion Court
600 Pavilion Drive
Northampton Business Park
Northampton
Northamptonshire
NN4 7SL



BANKERS: Santander Corporate Banking
Santander House
AHMG83
201 Grafton Gate East
Milton Keynes
MK9 1AN

Sywell Aviation Limited (Registered number: 03180760)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,403 87,271
Investments 5 - 100
75,403 87,371

CURRENT ASSETS
Stocks 129,983 132,844
Debtors 6 1,190,824 915,934
Cash at bank and in hand 56,699 223,258
1,377,506 1,272,036
CREDITORS
Amounts falling due within one year 7 371,952 425,198
NET CURRENT ASSETS 1,005,554 846,838
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,080,957

934,209

PROVISIONS FOR LIABILITIES 18,851 21,818
NET ASSETS 1,062,106 912,391

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,062,104 912,389
SHAREHOLDERS' FUNDS 1,062,106 912,391

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 Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:




M H Bletsoe-Brown - Director



Mrs J Jones - Director


Sywell Aviation Limited (Registered number: 03180760)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

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

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 - 25% on reducing balance and 4% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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 9 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant &
machinery
etc
£   
COST
At 1 April 2023 505,143
Additions 5,775
At 31 March 2024 510,918
DEPRECIATION
At 1 April 2023 417,872
Charge for year 17,643
At 31 March 2024 435,515
NET BOOK VALUE
At 31 March 2024 75,403
At 31 March 2023 87,271

Sywell Aviation Limited (Registered number: 03180760)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023 100
Disposals (100 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 104,504 161,869
Amounts owed by group undertakings 915,038 565,336
Prepayments and accrued income 171,282 188,729
1,190,824 915,934

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 206,440 252,297
Corporation tax 52,871 57,057
Social security and other taxes 10,040 7,663
Wages control account 2,052 -
VAT 25,980 14,288
Other creditors 9,802 15,812
Accruals and deferred income 64,767 78,081
371,952 425,198

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

The Report of the Auditors was unqualified.

Frances Tebbutt ACA FCCA FMAAT (Senior Statutory Auditor)
for and on behalf of Kilby Fox

9. RELATED PARTY DISCLOSURES

The company is claiming the exemption under paragraph 33.1A of FRS102 from disclosing transactions between wholly owned subsidiaries.

10. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

Sywell Aviation Limited (Registered number: 03180760)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Sywell Aerodrome Limited, a company registered in the United Kingdom.