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REGISTERED NUMBER: 06648075 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

A J PEARMAN AVIATION SERVICES LIMITED

A J PEARMAN AVIATION SERVICES LIMITED (REGISTERED NUMBER: 06648075)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A J PEARMAN AVIATION SERVICES LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: A J Pearman
Mrs S L Pearman





REGISTERED OFFICE: 17 Old School Road
Liss
GU33 7RX





REGISTERED NUMBER: 06648075 (England and Wales)





ACCOUNTANTS: B20 Limited
Chartered Certified Accountants
Charwell House
Wilsom Road
Alton
Hampshire
GU34 2PP

A J PEARMAN AVIATION SERVICES LIMITED (REGISTERED NUMBER: 06648075)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,746 2,328
1,746 2,328

CURRENT ASSETS
Debtors 6 8,081 15,461
Cash at bank 60,903 65,177
68,984 80,638
CREDITORS
Amounts falling due within one year 7 (28,806 ) (26,319 )
NET CURRENT ASSETS 40,178 54,319
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,924

56,647

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 41,824 56,547
SHAREHOLDERS' FUNDS 41,924 56,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

A J PEARMAN AVIATION SERVICES LIMITED (REGISTERED NUMBER: 06648075)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





A J Pearman - Director


A J PEARMAN AVIATION SERVICES LIMITED (REGISTERED NUMBER: 06648075)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

A J PEARMAN AVIATION SERVICES 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 comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities, stated net of discount and sales taxes.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance

Tangible assets are stated in the balance sheet at cost less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from banks and to and from related parties

Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If evidence of impairment is found an impairment loss is recognised in the profit and loss account.


A J PEARMAN AVIATION SERVICES LIMITED (REGISTERED NUMBER: 06648075)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 80,478
AMORTISATION
At 1 June 2023
and 31 May 2024 80,478
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 9,491
DEPRECIATION
At 1 June 2023 7,163
Charge for year 582
At 31 May 2024 7,745
NET BOOK VALUE
At 31 May 2024 1,746
At 31 May 2023 2,328

A J PEARMAN AVIATION SERVICES LIMITED (REGISTERED NUMBER: 06648075)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 7,556 14,747
Other debtors 525 714
8,081 15,461

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors - 10,078
Amounts owed to group undertakings 25,820 -
Taxation and social security (2,505 ) 11,670
Other creditors 5,491 4,571
28,806 26,319