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Company Registration No. 06251038 (England and Wales)
Torquil Aviation Limited Unaudited accounts for the year ended 31 May 2024
Torquil Aviation Limited Unaudited accounts Contents
Page
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Torquil Aviation Limited Company Information for the year ended 31 May 2024
Director
R T Keel
Company Number
06251038 (England and Wales)
Registered Office
61 High Street Chobham Surrey GU24 8AF ENGLAND
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Torquil Aviation Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,246 
5,983 
Current assets
Debtors
22,466 
21,617 
Cash at bank and in hand
165,016 
123,553 
187,482 
145,170 
Creditors: amounts falling due within one year
(59,584)
(2,305)
Net current assets
127,898 
142,865 
Net assets
131,144 
148,848 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
131,044 
148,748 
Shareholders' funds
131,144 
148,848 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 November 2024 and were signed on its behalf by
R T Keel Director Company Registration No. 06251038
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Torquil Aviation Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Torquil Aviation Limited is a private company, limited by shares, registered in England and Wales, registration number 06251038. The registered office is 61 High Street, Chobham, Surrey, GU24 8AF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight line
Computer equipment
20% Straight line
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
27,620 
4,427 
32,047 
Additions
- 
916 
916 
At 31 May 2024
27,620 
5,343 
32,963 
Depreciation
At 1 June 2023
23,709 
2,355 
26,064 
Charge for the year
2,876 
777 
3,653 
At 31 May 2024
26,585 
3,132 
29,717 
Net book value
At 31 May 2024
1,035 
2,211 
3,246 
At 31 May 2023
3,911 
2,072 
5,983 
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Torquil Aviation Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,434 
21,585 
Other debtors
32 
32 
22,466 
21,617 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
960 
961 
Taxes and social security
5,638 
9,595 
Loans from directors
1,123 
(47,043)
Accruals
51,863 
38,792 
59,584 
2,305 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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