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Registered number: 03028116

Burwood Aviation Supplies Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
IUVO Services Limited
Chartered Accountants
10 The Crescent
Little Leighs
Chelmsford
Essex
CM3 1LY

Burwood Aviation Supplies Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
Daron Golding
David Daughters
REGISTERED OFFICE
Burwood House
8 Bessemer Close
Verwood
Dorset
BH31 6AZ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03028116
ACCOUNTANTS
IUVO Services Limited
Chartered Accountants
10 The Crescent
Little Leighs
Chelmsford
Essex
CM3 1LY

Burwood Aviation Supplies Limited

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Burwood Aviation Supplies Limited

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3913,783921,310
CURRENT ASSETS
Stock178,218187,469
Debtors5584,438466,299
Cash at bank and in hand3,856,1553,497,830
4,618,8114,151,598
CREDITORS: Amounts falling due within one year6621,641599,510
NET CURRENT ASSETS3,997,1703,552,088
TOTAL ASSETS LESS CURRENT LIABILITIES4,910,9534,473,398
PROVISIONS FOR LIABILITIES AND CHARGES76,0008,000
NET ASSETS4,904,9534,465,398
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account4,904,8534,465,298
SHAREHOLDERS' FUNDS4,904,9534,465,398
For the year ending 31/03/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 03/10/2024 and signed on their behalf by
.............................
Daron Golding
Director

Burwood Aviation Supplies Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 15%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
1f. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Burwood Aviation Supplies Limited

2. EMPLOYEES
20242023
No.No.
Average number of employees44
3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachineryMotor CarsTotal
££££
Cost
At 01/04/2023885,39336,87749,950972,220
Additions-789-789
At 31/03/2024885,39337,66649,950973,009
Depreciation
At 01/04/2023-29,05621,85450,910
For the year-1,2927,0248,316
At 31/03/2024-30,34828,87859,226
Net Book Amounts
At 31/03/2024885,3937,31821,072913,783
At 31/03/2023885,3937,82128,096921,310
4. STOCK 20242023
££
Stock comprises:
Stock178,218187,469
178,218187,469
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors573,949435,753
VAT-2,899
Other debtors10,48927,647
584,438466,299

Burwood Aviation Supplies Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax283,327273,990
VAT3,637-
PAYE control1381,796
Directors current account1,9771,977
Bank loans and overdrafts4,6841,871
Trade creditors235,305210,127
Other creditors86,881103,626
Accruals5,6926,123
621,641599,510
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation6,0008,000
6,0008,000
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
95 Class 1 shares of £1 each9595
5 Class 2 shares of £1 each55
100100
9. CONTROLLING PARTY
The company is controlled by D R Golding.
10. RELATED PARTY TRANSACTIONS
At the year end date the company owed D Golding £1,977 (2023: £1,977). This is included in creditors, is repayable on demand and attracts no interest.