Registered number
12432166
Lima Charlie Aviation Ltd
Filleted Accounts
31 January 2024
Lima Charlie Aviation Ltd
Registered number: 12432166
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,958 657
Current assets
Debtors 4 66,941 3,191
Cash at bank and in hand 12,927 1,072
79,868 4,263
Creditors: amounts falling due within one year 5 (25,841) (720)
Net current assets 54,027 3,543
Total assets less current liabilities 55,985 4,200
Creditors: amounts falling due after more than one year 6 (4,781) (6,468)
Net assets/(liabilities) 51,204 (2,268)
Capital and reserves
Called up share capital 102 102
Profit and loss account 51,102 (2,370)
Shareholders' funds 51,204 (2,268)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Lyles-Clarke
Director
Approved by the board on 28 October 2024
Lima Charlie Aviation Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Computer equipment & IT Plant and machinery etc Total
£ £ £ £
Cost
At 1 February 2023 - 821 - 821
Additions - 1,167 665 1,832
At 31 January 2024 - 1,988 665 2,653
Depreciation
At 1 February 2023 - 164 - 164
Charge for the year - 398 133 531
At 31 January 2024 - 562 133 695
Net book value
At 31 January 2024 - 1,426 532 1,958
At 31 January 2023 - 657 - 657
4 Debtors 2024 2023
£ £
Trade debtors 7,500 3,191
Other debtors 11,266 -
66,941 3,191
5 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Taxation and social security costs 24,856 -
Other creditors 985 720
25,841 720
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,781 6,468
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 4,781 6,468
Lloyds bank bounce back loan.
8 Controlling party
The ultimate controlling parties are Mr J Lyles-Clarke and Mrs S Lyles-Clarke, the directors and shareholders of the company.
9 Other information
Lima Charlie Aviation Ltd is a private company limited by shares and incorporated in England. Its registered office is:
34 Croydon Road
Caterham
Surrey
CR3 6QB
Lima Charlie Aviation Ltd 12432166 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts July 2024 J Lyles-Clarke No description of principal activity 12432166 2022-02-01 2023-01-31 12432166 core:WithinOneYear 2023-01-31 12432166 core:AfterOneYear 2023-01-31 12432166 core:ShareCapital 2023-01-31 12432166 core:RetainedEarningsAccumulatedLosses 2023-01-31 12432166 2023-02-01 2024-01-31 12432166 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12432166 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 12432166 bus:Director40 2023-02-01 2024-01-31 12432166 1 2023-02-01 2024-01-31 12432166 2 2023-02-01 2024-01-31 12432166 core:LandBuildings 2023-02-01 2024-01-31 12432166 core:PlantMachinery 2023-02-01 2024-01-31 12432166 core:Vehicles 2023-02-01 2024-01-31 12432166 countries:England 2023-02-01 2024-01-31 12432166 bus:FRS102 2023-02-01 2024-01-31 12432166 bus:FilletedAccounts 2023-02-01 2024-01-31 12432166 2024-01-31 12432166 core:WithinOneYear 2024-01-31 12432166 core:AfterOneYear 2024-01-31 12432166 core:ShareCapital 2024-01-31 12432166 core:RetainedEarningsAccumulatedLosses 2024-01-31 12432166 core:LandBuildings 2024-01-31 12432166 core:PlantMachinery 2024-01-31 12432166 core:Vehicles 2024-01-31 12432166 2023-01-31 12432166 core:LandBuildings 2023-01-31 12432166 core:PlantMachinery 2023-01-31 12432166 core:Vehicles 2023-01-31 iso4217:GBP xbrli:pure