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REGISTERED NUMBER: 06301244 (England and Wales)












Financial Statements

for the Year Ended 31 July 2024

for

Aermech Limited

Aermech Limited (Registered number: 06301244)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aermech Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: S Taylor
Mrs P M Taylor
S D Newbery





REGISTERED OFFICE: Williamston House
7 Goat Street
Haverfordwest
Pembrokeshire
SA61 1PX





REGISTERED NUMBER: 06301244 (England and Wales)

Aermech Limited (Registered number: 06301244)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 113,860 91,031

CURRENT ASSETS
Debtors 5 332,270 330,411
Cash at bank and in hand 274,531 167,381
606,801 497,792
CREDITORS
Amounts falling due within one year 6 346,704 289,502
NET CURRENT ASSETS 260,097 208,290
TOTAL ASSETS LESS CURRENT
LIABILITIES

373,957

299,321

CREDITORS
Amounts falling due after more than one year 7 (14,250 ) (23,250 )

PROVISIONS FOR LIABILITIES (26,178 ) (20,518 )
NET ASSETS 333,529 255,553

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 333,526 255,550
SHAREHOLDERS' FUNDS 333,529 255,553

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Aermech Limited (Registered number: 06301244)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2025 and were signed on its behalf by:




S Taylor - Director



Mrs P M Taylor - Director


Aermech Limited (Registered number: 06301244)

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

1. STATUTORY INFORMATION

Aermech 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 15 ) .

Aermech Limited (Registered number: 06301244)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2023 57,546 186,548 244,094
Additions 5,703 55,630 61,333
Disposals (3,228 ) - (3,228 )
At 31 July 2024 60,021 242,178 302,199
DEPRECIATION
At 1 August 2023 42,365 110,698 153,063
Charge for year 5,085 32,872 37,957
Eliminated on disposal (2,681 ) - (2,681 )
At 31 July 2024 44,769 143,570 188,339
NET BOOK VALUE
At 31 July 2024 15,252 98,608 113,860
At 31 July 2023 15,181 75,850 91,031

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 278,385 288,679
VAT 37,956 32,603
Prepayments and accrued income 15,929 9,129
332,270 330,411

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 9,000 9,000
Trade creditors 203,406 170,930
Tax 82,898 52,372
Social security and other taxes 34,643 15,531
Directors' current accounts 8,251 34,115
Accrued expenses 8,506 7,554
346,704 289,502

Aermech Limited (Registered number: 06301244)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans - 1-2 years 9,000 9,000
Bank loans - 2-5 years 5,250 14,250
14,250 23,250

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
S Taylor and Mrs P M Taylor
Balance outstanding at start of year (34,115 ) (11,749 )
Amounts advanced 213,363 135,134
Amounts repaid (187,500 ) (157,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,252 ) (34,115 )

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £187,500 (2023 - £157,500) were paid to the directors .