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REGISTERED NUMBER: 00746513



































Financial Statements

for the Year Ended 31 January 2024

for

Herefordshire Aero Club Ltd

Herefordshire Aero Club Ltd (Registered number: 00746513)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Herefordshire Aero Club Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: P Brown
N G Bumford
G Cook
C P Giddins
G P Hotchen
G Reid-Smith
J A Stanton





REGISTERED OFFICE: Shobdon Airfield
Shobdon
Leominster
Herefordshire
HR6 9NR





REGISTERED NUMBER: 00746513





ACCOUNTANTS: Thorne Widgery Accountancy Ltd
Chartered Accountants
2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS

Herefordshire Aero Club Ltd (Registered number: 00746513)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 136,196 122,936

CURRENT ASSETS
Stocks 54,979 54,979
Debtors 71,356 48,118
Cash at bank and in hand 161,963 194,232
288,298 297,329
CREDITORS
Amounts falling due within one year (99,361 ) (90,453 )
NET CURRENT ASSETS 188,937 206,876
TOTAL ASSETS LESS CURRENT LIABILITIES 325,133 329,812

CREDITORS
Amounts falling due after more than one
year

(22,909

)

(34,091

)
NET ASSETS 302,224 295,721

RESERVES
Retained earnings 302,224 295,721
302,224 295,721

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 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.

Herefordshire Aero Club Ltd (Registered number: 00746513)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 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 4 June 2024 and were signed on its behalf by:





N G Bumford - Director


Herefordshire Aero Club Ltd (Registered number: 00746513)

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

1. STATUTORY INFORMATION

Herefordshire Aero Club Ltd is a private company, limited by shares , registered in Not specified/Other. 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
Tangible fixed assets other than freehold land and aircraft are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:


Property improvements20% Straight line
Caravan park improvements20% Straight line
Club equipment20% Reducing balance
Computer equipment33% Straight line
Maintenance workshop improvements20% Straight line

Aircraft are depreciated by writing off such amounts as are required to state book values in line with market values.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 20 ) .

Herefordshire Aero Club Ltd (Registered number: 00746513)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 567,017
Additions 37,462
Disposals (1,280 )
At 31 January 2024 603,199
DEPRECIATION
At 1 February 2023 444,081
Charge for year 23,185
Eliminated on disposal (263 )
At 31 January 2024 467,003
NET BOOK VALUE
At 31 January 2024 136,196
At 31 January 2023 122,936

5. COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee and does not have any share capital.