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REGISTERED NUMBER: 06437661 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

GJD AEROTECH LTD

GJD AEROTECH LTD (REGISTERED NUMBER: 06437661)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GJD AEROTECH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: G D Spoors





SECRETARY: Mrs A Spoors





REGISTERED OFFICE: Hangar 872
St Athan Aerospace Business Park
Picketston
Vale of Glamorgan
CF62 4QN





REGISTERED NUMBER: 06437661 (England and Wales)





ACCOUNTANTS: Cole & Co
4 The Sheepcote
Monks Orchard
Lumber Lane, Lugwardine
Hereford
Herefordshire
HR1 4AG

GJD AEROTECH LTD (REGISTERED NUMBER: 06437661)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 599,158 775,662

CURRENT ASSETS
Debtors 5 119,968 95,520
Cash at bank 3,250 6,331
123,218 101,851
CREDITORS
Amounts falling due within one year 6 (242,035 ) (151,455 )
NET CURRENT LIABILITIES (118,817 ) (49,604 )
TOTAL ASSETS LESS CURRENT LIABILITIES 480,341 726,058

CREDITORS
Amounts falling due after more than one
year

7

(100,574

)

(176,001

)

PROVISIONS FOR LIABILITIES (44,742 ) (89,147 )
NET ASSETS 335,025 460,910

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Revaluation reserve 11 390,996 521,328
Retained earnings (56,971 ) (61,418 )
SHAREHOLDERS' FUNDS 335,025 460,910

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.

GJD AEROTECH LTD (REGISTERED NUMBER: 06437661)

BALANCE SHEET - 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2024 and were signed by:





G D Spoors - Director


GJD AEROTECH LTD (REGISTERED NUMBER: 06437661)

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

1. STATUTORY INFORMATION

GJD Aerotech Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statement have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

There were no material departures from Financial Reporting Standard 102 1A.

TURNOVER
Turnover represents amounts invoiced during the year in respect of the repairs and maintenance of aircraft and spacecrafts, exclusive of Value Added Tax.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and propertyVarious rates based on the expected life
Plant and machinery25% reducing balance
Motor vehicles25% reducing balance
Computer equipment33% on cost

FINANCIAL INSTRUMENTS
Basic financial instruments are recognised at amortised cost.

TAXATION
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

GJD AEROTECH LTD (REGISTERED NUMBER: 06437661)

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

2. ACCOUNTING POLICIES - continued

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 February 2023 43,346 981,472 36,999 6,923 1,068,740
Additions - 14,804 - - 14,804
At 31 January 2024 43,346 996,276 36,999 6,923 1,083,544
DEPRECIATION
At 1 February 2023 17,183 241,225 28,219 6,451 293,078
Charge for year 1,296 187,660 2,195 157 191,308
At 31 January 2024 18,479 428,885 30,414 6,608 484,386
NET BOOK VALUE
At 31 January 2024 24,867 567,391 6,585 315 599,158
At 31 January 2023 26,163 740,247 8,780 472 775,662

Tooling and equipment within Plant and Machinery were valued on an open market basis on 31 January 2023 by Aircraft and Ground Ltd, who do not have formal valuation qualifications but have experience in selling new and used aircraft ground support equipment.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 95,726 64,654
Other debtors - 28,088
VAT 12,329 1,423
Prepayments and accrued income 11,913 1,355
119,968 95,520

GJD AEROTECH LTD (REGISTERED NUMBER: 06437661)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 75,426 66,882
Trade creditors 19,080 19,079
Social security and other taxes 1,197 2,075
Other creditors 93,767 14,986
Directors' current accounts 49,815 43,065
Accrued expenses 2,750 5,368
242,035 151,455

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 83,977 75,426
Bank loans - 2-5 years 16,597 100,575
100,574 176,001

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 11,701 29,600
Between one and five years - 11,701
11,701 41,301

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 176,001 208,860

The bank loan is secured against the assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

GJD AEROTECH LTD (REGISTERED NUMBER: 06437661)

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

11. RESERVES
Revaluation
reserve
£   
At 1 February 2023 521,328
Revaluation (130,332 )

At 31 January 2024 390,996