PJH Aviation Management Ltd 08001920 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Repair and maintenance of aircraft Digita Accounts Production Advanced 6.30.9574.0 true true 08001920 2023-04-01 2024-03-31 08001920 2024-03-31 08001920 core:CurrentFinancialInstruments 2024-03-31 08001920 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08001920 core:FurnitureFittingsToolsEquipment 2024-03-31 08001920 bus:SmallEntities 2023-04-01 2024-03-31 08001920 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08001920 bus:FullAccounts 2023-04-01 2024-03-31 08001920 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08001920 bus:RegisteredOffice 2023-04-01 2024-03-31 08001920 bus:Director1 2023-04-01 2024-03-31 08001920 bus:Director2 2023-04-01 2024-03-31 08001920 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08001920 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 08001920 core:PlantMachinery 2023-04-01 2024-03-31 08001920 countries:AllCountries 2023-04-01 2024-03-31 08001920 2023-03-31 08001920 core:FurnitureFittingsToolsEquipment 2023-03-31 08001920 2022-04-01 2023-03-31 08001920 2023-03-31 08001920 core:CurrentFinancialInstruments 2023-03-31 08001920 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08001920 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure
image-name

Registration number: 08001920

PJH Aviation Management Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

PJH Aviation Management Ltd

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

PJH Aviation Management Ltd

Company Information

Directors

Mr Peter Hall

Mrs Jacqueline Ann Hall

Registered office

Muritai
Hillway Road
Bembridge
Isle of Wight
PO35 5PJ

Accountants

Novus 24 Ltd
3 Marsh Court Farm
Romsey Road
Stockbridge
Hampshire
SO20 6DF

 

PJH Aviation Management Ltd

Directors' Report for the Year Ended 31 March 2024

The directors present their report and the financial statements for the year ended 31 March 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Peter Hall

Mrs Jacqueline Ann Hall

Principal activity

The principal activity of the company is Repair and maintenance of aircraft

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 20 September 2024 and signed on its behalf by:
 

.........................................
Mr Peter Hall
Director

.........................................
Mrs Jacqueline Ann Hall
Director

 

PJH Aviation Management Ltd

(Registration number: 08001920)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

1,711

2,280

Current assets

 

Cash at bank and in hand

 

5,640

56,007

Creditors: Amounts falling due within one year

6

(32,612)

(23,379)

Net current (liabilities)/assets

 

(26,972)

32,628

Net (liabilities)/assets

 

(25,261)

34,908

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(25,262)

34,907

Shareholders' (deficit)/funds

 

(25,261)

34,908

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.

Directors' 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 directors acknowledge their 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.

Approved and authorised by the Board on 20 September 2024 and signed on its behalf by:
 

.........................................
Mr Peter Hall
Director

.........................................
Mrs Jacqueline Ann Hall
Director

 

PJH Aviation Management Ltd

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 UK.

The address of its registered office is:
Muritai
Hillway Road
Bembridge
Isle of Wight
PO35 5PJ

These financial statements were authorised for issue by the Board on 20 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.

 

PJH Aviation Management Ltd

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

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.

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% reducing balance

Fixtures and fittings

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

PJH Aviation Management Ltd

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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 directors) during the year, was 1 (2023 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

570

735

 

PJH Aviation Management Ltd

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

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

8,776

8,776

At 31 March 2024

8,776

8,776

Depreciation

At 1 April 2023

6,496

6,496

Charge for the year

569

569

At 31 March 2024

7,065

7,065

Carrying amount

At 31 March 2024

1,711

1,711

At 31 March 2023

2,280

2,280

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

18,744

-

Trade creditors

 

-

715

Taxation and social security

 

12,191

20,494

Accruals and deferred income

 

1,011

1,215

Other creditors

 

666

955

 

32,612

23,379

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

18,744

-