IRIS Accounts Production v24.2.0.383 07158992 Board of Directors 1.3.23 28.2.24 28.2.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071589922023-02-28071589922024-02-28071589922023-03-012024-02-28071589922022-02-28071589922022-03-012023-02-28071589922023-02-2807158992ns15:EnglandWales2023-03-012024-02-2807158992ns14:PoundSterling2023-03-012024-02-2807158992ns10:Director12023-03-012024-02-2807158992ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2807158992ns10:SmallEntities2023-03-012024-02-2807158992ns10:AuditExemptWithAccountantsReport2023-03-012024-02-2807158992ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2807158992ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2807158992ns10:AbridgedAccounts2023-03-012024-02-2807158992ns10:OrdinaryShareClass12023-03-012024-02-2807158992ns10:Director22023-03-012024-02-2807158992ns10:RegisteredOffice2023-03-012024-02-2807158992ns5:CurrentFinancialInstruments2024-02-2807158992ns5:CurrentFinancialInstruments2023-02-2807158992ns5:ShareCapital2024-02-2807158992ns5:ShareCapital2023-02-2807158992ns5:RetainedEarningsAccumulatedLosses2024-02-2807158992ns5:RetainedEarningsAccumulatedLosses2023-02-2807158992ns5:FurnitureFittings2023-03-012024-02-2807158992ns5:MotorVehicles2023-03-012024-02-2807158992ns5:ComputerEquipment2023-03-012024-02-2807158992ns10:OrdinaryShareClass12024-02-28071589921ns10:Director12023-02-28071589921ns10:Director12022-02-28071589921ns10:Director12023-03-012024-02-28071589921ns10:Director12022-03-012023-02-28071589921ns10:Director12024-02-28071589921ns10:Director12023-02-28
REGISTERED NUMBER: 07158992 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

AEM (AEROSPACE REPAIR & DELIVERY
SOLUTIONS) LIMITED

AEM (AEROSPACE REPAIR & DELIVERY
SOLUTIONS) LIMITED (REGISTERED NUMBER: 07158992)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

AEM (AEROSPACE REPAIR & DELIVERY
SOLUTIONS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTORS: A J Mell
Mrs E Mell





REGISTERED OFFICE: Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ





REGISTERED NUMBER: 07158992 (England and Wales)





ACCOUNTANTS: Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ

AEM (AEROSPACE REPAIR & DELIVERY
SOLUTIONS) LIMITED (REGISTERED NUMBER: 07158992)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,195 27,216

CURRENT ASSETS
Debtors 171,467 156,001
Cash at bank 354,657 345,230
526,124 501,231
CREDITORS
Amounts falling due within one year 187,191 132,804
NET CURRENT ASSETS 338,933 368,427
TOTAL ASSETS LESS CURRENT
LIABILITIES

362,128

395,643

PROVISIONS FOR LIABILITIES 5,800 6,800
NET ASSETS 356,328 388,843

CAPITAL AND RESERVES
Called up share capital 5 2 2
Retained earnings 356,326 388,841
SHAREHOLDERS' FUNDS 356,328 388,843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

AEM (AEROSPACE REPAIR & DELIVERY
SOLUTIONS) LIMITED (REGISTERED NUMBER: 07158992)

ABRIDGED BALANCE SHEET - continued
28 FEBRUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 8 October 2024 and were signed on its behalf by:





A J Mell - Director


AEM (AEROSPACE REPAIR & DELIVERY
SOLUTIONS) LIMITED (REGISTERED NUMBER: 07158992)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1. STATUTORY INFORMATION

AEM (Aerospace Repair & Delivery Solutions) 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.

The company's registered office address differs to the business address. The business address in located in South Benfleet, Essex.

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 received or receivable from the provision of electrical and mechanical installation engineering services, 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.
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable 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.

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.

AEM (AEROSPACE REPAIR & DELIVERY
SOLUTIONS) LIMITED (REGISTERED NUMBER: 07158992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

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 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 73,720
Additions 2,955
At 28 February 2024 76,675
DEPRECIATION
At 1 March 2023 46,504
Charge for year 6,976
At 28 February 2024 53,480
NET BOOK VALUE
At 28 February 2024 23,195
At 28 February 2023 27,216

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2024 and 28 February 2023:

2024 2023
£    £   
A J Mell
Balance outstanding at start of year 31,505 -
Amounts advanced - 31,505
Amounts repaid (31,505 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 31,505

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AEM (AEROSPACE REPAIR & DELIVERY
SOLUTIONS) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AEM (Aerospace Repair & Delivery Solutions) Limited for the year ended 28 February 2024 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of AEM (Aerospace Repair & Delivery Solutions) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AEM (Aerospace Repair & Delivery Solutions) Limited and state those matters that we have agreed to state to the Board of Directors of AEM (Aerospace Repair & Delivery Solutions) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AEM (Aerospace Repair & Delivery Solutions) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that AEM (Aerospace Repair & Delivery Solutions) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AEM (Aerospace Repair & Delivery Solutions) Limited. You consider that AEM (Aerospace Repair & Delivery Solutions) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AEM (Aerospace Repair & Delivery Solutions) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ


8 October 2024