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
Torquil Aviation Limited
Company Information
for the year ended 31 May 2024
Company Number
06251038 (England and Wales)
Registered Office
61 High Street
Chobham
Surrey
GU24 8AF
ENGLAND
Torquil Aviation Limited
Statement of financial position
as at 31 May 2024
Tangible assets
3,246
5,983
Cash at bank and in hand
165,016
123,553
Creditors: amounts falling due within one year
(59,584)
(2,305)
Net current assets
127,898
142,865
Net assets
131,144
148,848
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
Torquil Aviation Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
At 31 May 2024
27,620
5,343
32,963
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
At 31 May 2024
1,035
2,211
3,246
At 31 May 2023
3,911
2,072
5,983
Torquil Aviation Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
22,434
21,585
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
5,638
9,595
Loans from directors
1,123
(47,043)
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).