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REGISTERED NUMBER: 07259671 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2024

FOR

DANSOFT AVIATION SERVICES LTD

DANSOFT AVIATION SERVICES LTD (REGISTERED NUMBER: 07259671)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


DANSOFT AVIATION SERVICES LTD (REGISTERED NUMBER: 07259671)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 3,200 3,600
Tangible assets 6 9,937 12,332
13,137 15,932

CURRENT ASSETS
Debtors 7 84,241 116,888
Cash at bank and in hand 4,816 13,383
89,057 130,271
CREDITORS
Amounts falling due within one year 8 117,508 127,089
NET CURRENT (LIABILITIES)/ASSETS (28,451 ) 3,182
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,314

)

19,114

CREDITORS
Amounts falling due after more than one
year

9

(7,666

)

(15,832

)

PROVISIONS FOR LIABILITIES 12 (1,779 ) (3,083 )
NET (LIABILITIES)/ASSETS (24,759 ) 199

CAPITAL AND RESERVES
Called up share capital 13 2 2
Retained earnings (24,761 ) 197
SHAREHOLDERS' FUNDS (24,759 ) 199

DANSOFT AVIATION SERVICES LTD (REGISTERED NUMBER: 07259671)

BALANCE SHEET - continued
31 MAY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 1 November 2024 and were signed by:





Mr D R Taylor - Director


DANSOFT AVIATION SERVICES LTD (REGISTERED NUMBER: 07259671)

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


1. STATUTORY INFORMATION

Dansoft Aviation Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07259671

Registered office: Banner House
Church Road
Copthorne
Crawley
West Sussex
RH10 3RA

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 - 25% on reducing balance
Computer Equipment - 33% on cost

All fixed assets are initially recorded at cost.

DANSOFT AVIATION SERVICES LTD (REGISTERED NUMBER: 07259671)

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


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 recognized in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made wherein the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax onlywhere the replacement assets are sold.

Deferred tax assets are recognized only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

DANSOFT AVIATION SERVICES LTD (REGISTERED NUMBER: 07259671)

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


3. 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.

Operating lease agreements
Operating lease charges are shown in the profit and loss account in the year to which they relate.

Going concern
The accounts have been prepared on a going concern basis not withstanding the excess of current liabilities over current assets. The director has confirmed their intention to continue their support to the company for the foreseeable future.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 4,000
AMORTISATION
At 1 June 2023 400
Charge for year 400
At 31 May 2024 800
NET BOOK VALUE
At 31 May 2024 3,200
At 31 May 2023 3,600

DANSOFT AVIATION SERVICES LTD (REGISTERED NUMBER: 07259671)

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


6. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles Equipment Totals
£    £    £    £   
COST
At 1 June 2023 14,136 - 35,906 50,042
Additions - 3,000 2,060 5,060
At 31 May 2024 14,136 3,000 37,966 55,102
DEPRECIATION
At 1 June 2023 10,774 - 26,936 37,710
Charge for year 1,268 750 5,437 7,455
At 31 May 2024 12,042 750 32,373 45,165
NET BOOK VALUE
At 31 May 2024 2,094 2,250 5,593 9,937
At 31 May 2023 3,362 - 8,970 12,332

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,499 80,905
Other debtors 1,688 1,688
Director's current account 18,082 5,743
Tax recoverable 10,868 7,857
VAT 14,229 16,820
Prepayments and accrued income 3,875 3,875
84,241 116,888

DANSOFT AVIATION SERVICES LTD (REGISTERED NUMBER: 07259671)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 3,333 3,333
Other loans (see note 10) 12,296 26,773
Trade creditors 71,440 61,520
Corporation tax 18,450 23,785
PAYE and social security 1,639 1,741
Other creditors 9,602 8,807
Accruals and deferred income 748 1,130
117,508 127,089

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 7,666 11,000
Other loans (see note 10) - 4,832
7,666 15,832

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,333 3,333
Other loans 12,296 26,773
15,629 30,106

Amounts falling due between one and two years:
Bank loans - 1-2 years 3,333 3,333
Other loans - 1-2 years - 4,832
3,333 8,165

DANSOFT AVIATION SERVICES LTD (REGISTERED NUMBER: 07259671)

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


10. LOANS - continued
2024 2023
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 4,333 7,667

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 12,296 31,605

The Loan is secured personally against the Director's assets.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,779 3,083

Deferred
tax
£   
Balance at 1 June 2023 3,083
Provided during year (1,304 )
Balance at 31 May 2024 1,779

13. CALLED UP SHARE CAPITAL

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

DANSOFT AVIATION SERVICES LTD (REGISTERED NUMBER: 07259671)

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


14. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr D R Taylor
Balance outstanding at start of year 5,743 (328 )
Amounts advanced 18,394 6,700
Amounts repaid (6,055 ) (629 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,082 5,743

15. RELATED PARTY DISCLOSURES

Dansoft Training Services Ltd is a company associated by shared ownership. A loan subsisted to the company of £nil (2023: £145,533), and was written off in last period due to the company being dissolved.