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REGISTERED NUMBER: 08022152 (England and Wales)







Unaudited Financial Statements for the Year Ended 30 April 2024

for

MILAIR AVIATION LIMITED

MILAIR AVIATION LIMITED (Registered number: 08022152)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MILAIR AVIATION LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr A Millar





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY





REGISTERED NUMBER: 08022152 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

MILAIR AVIATION LIMITED (Registered number: 08022152)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 180 288

CURRENT ASSETS
Cash at bank 23,903 22,228

CREDITORS
Amounts falling due within one year 5 (16,902 ) (10,790 )
NET CURRENT ASSETS 7,001 11,438
TOTAL ASSETS LESS CURRENT LIABILITIES 7,181 11,726

CAPITAL AND RESERVES
Called up share capital 6 10 10
Retained earnings 7 7,171 11,716
SHAREHOLDERS' FUNDS 7,181 11,726

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:





Mr A Millar - Director


MILAIR AVIATION LIMITED (Registered number: 08022152)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

MILAIR AVIATION 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.
Computer equipment - Straight line over 3 years

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023
and 30 April 2024 324
DEPRECIATION
At 1 May 2023 36
Charge for year 108
At 30 April 2024 144
NET BOOK VALUE
At 30 April 2024 180
At 30 April 2023 288

MILAIR AVIATION LIMITED (Registered number: 08022152)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Tax 7,882 7,727
Social security and other taxes 1,927 1,395
Other creditors 58 -
Directors' current accounts 5,371 4
Accrued expenses 1,664 1,664
16,902 10,790

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
10 Ordinary £1 10 10

7. RESERVES
Retained
earnings
£   

At 1 May 2023 11,716
Profit for the year 33,275
Dividends (37,820 )
At 30 April 2024 7,171