Company Registration No. 06875192 (England and Wales)
AEROSPACE CUTTING TOOL LIMITED
Unaudited accounts
for the year ended 30 April 2024
AEROSPACE CUTTING TOOL LIMITED
Unaudited accounts
Contents
AEROSPACE CUTTING TOOL LIMITED
Company Information
for the year ended 30 April 2024
Directors
RICHARDSON, Barry
COLLINS, Patrick John
MEYYAPPAN, Shamini
Company Number
06875192 (England and Wales)
Registered Office
20-22 WENLOCK ROAD
LONDON
N1 7GU
ENGLAND
Accountants
Rich Accounting
Acorn Centre Phase 1, 51 High Street
Grimethorpe
Barnlsey
S72 7BB
AEROSPACE CUTTING TOOL LIMITED
Statement of financial position
as at 30 April 2024
Tangible assets
115,714
145,585
Cash at bank and in hand
17,236
77,888
Creditors: amounts falling due within one year
(1,281)
4,516
Net current assets
61,932
95,639
Total assets less current liabilities
177,646
241,224
Creditors: amounts falling due after more than one year
(26,151)
(70,999)
Net assets
151,495
170,225
Called up share capital
200
200
Profit and loss account
151,295
170,025
Shareholders' funds
151,495
170,225
For the year ending 30 April 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 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 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 of Directors and authorised for issue on 12 December 2024 and were signed on its behalf by
RICHARDSON, Barry
Director
Company Registration No. 06875192
AEROSPACE CUTTING TOOL LIMITED
Notes to the Accounts
for the year ended 30 April 2024
AEROSPACE CUTTING TOOL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06875192. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, 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.
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:
Plant & machinery
Straight Line
Motor vehicles
Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
604
148,402
19,263
168,269
Additions
-
66,499
706
67,205
Disposals
-
(76,297)
-
(76,297)
At 30 April 2024
604
138,604
19,969
159,177
At 1 May 2023
402
8,902
13,380
22,684
Charge for the year
-
29,680
-
29,680
On disposals
-
(8,901)
-
(8,901)
At 30 April 2024
402
29,681
13,380
43,463
At 30 April 2024
202
108,923
6,589
115,714
At 30 April 2023
202
139,500
5,883
145,585
AEROSPACE CUTTING TOOL LIMITED
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
(16,930)
(3,754)
Other creditors
(1,792)
(855)
Loans from directors
5,469
-
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
44,848
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).