IRIS Accounts Production v24.2.0.383 06924453 director 1.3.23 28.2.24 28.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069244532023-02-28069244532024-02-28069244532023-03-012024-02-28069244532022-02-28069244532022-03-012023-02-28069244532023-02-2806924453ns15:EnglandWales2023-03-012024-02-2806924453ns14:PoundSterling2023-03-012024-02-2806924453ns10:Director12023-03-012024-02-2806924453ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2806924453ns10:SmallEntities2023-03-012024-02-2806924453ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2806924453ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2806924453ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2806924453ns10:FullAccounts2023-03-012024-02-2806924453ns10:RegisteredOffice2023-03-012024-02-2806924453ns5:CurrentFinancialInstruments2024-02-2806924453ns5:CurrentFinancialInstruments2023-02-2806924453ns5:ShareCapital2024-02-2806924453ns5:ShareCapital2023-02-2806924453ns5:RetainedEarningsAccumulatedLosses2024-02-2806924453ns5:RetainedEarningsAccumulatedLosses2023-02-2806924453ns5:PlantMachinery2023-03-012024-02-2806924453ns5:PlantMachinery2023-02-2806924453ns5:PlantMachinery2024-02-2806924453ns5:PlantMachinery2023-02-2806924453ns5:CostValuation2023-02-2806924453ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-02-2806924453ns5:UnlistedNon-exchangeTraded2024-02-2806924453ns5:UnlistedNon-exchangeTraded2023-02-2806924453ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2806924453ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28
REGISTERED NUMBER: 06924453 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

AVALON AERO HOLDINGS LIMITED

AVALON AERO HOLDINGS LIMITED (REGISTERED NUMBER: 06924453)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AVALON AERO HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTOR: M D Darling





REGISTERED OFFICE: Hanger 2 / Building 84
Cranfield University
Wharley End
Cranfield
Bedfordshire
MK42 0AL





REGISTERED NUMBER: 06924453 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

AVALON AERO HOLDINGS LIMITED (REGISTERED NUMBER: 06924453)

BALANCE SHEET
28 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,959 2,305
Investments 5 254 254
2,213 2,559

CURRENT ASSETS
Debtors 6 1,107,709 1,089,409
Cash at bank 82,555 256,961
1,190,264 1,346,370
CREDITORS
Amounts falling due within one year 7 1,112,480 1,289,532
NET CURRENT ASSETS 77,784 56,838
TOTAL ASSETS LESS CURRENT LIABILITIES 79,997 59,397

PROVISIONS FOR LIABILITIES 345 405
NET ASSETS 79,652 58,992

CAPITAL AND RESERVES
Called up share capital 124 124
Retained earnings 79,528 58,868
79,652 58,992

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 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.

AVALON AERO HOLDINGS LIMITED (REGISTERED NUMBER: 06924453)

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2024 and were signed by:





M D Darling - Director


AVALON AERO HOLDINGS LIMITED (REGISTERED NUMBER: 06924453)

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


1. STATUTORY INFORMATION

Avalon Aero Holdings 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

AVALON AERO HOLDINGS LIMITED (REGISTERED NUMBER: 06924453)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 March 2023
and 28 February 2024 7,504
DEPRECIATION
At 1 March 2023 5,199
Charge for year 346
At 28 February 2024 5,545
NET BOOK VALUE
At 28 February 2024 1,959
At 28 February 2023 2,305

5. FIXED ASSET INVESTMENTS
Shares in
group Unlisted
undertakings investments Totals
£    £    £   
COST
At 1 March 2023
and 28 February 2024 200 54 254
NET BOOK VALUE
At 28 February 2024 200 54 254
At 28 February 2023 200 54 254

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 1,106,021 1,087,846
Other debtors 1,688 1,563
1,107,709 1,089,409

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,111,244 1,284,297
Taxation and social security - 4,080
Other creditors 1,236 1,155
1,112,480 1,289,532