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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
Page
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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
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AEROSPACE CUTTING TOOL LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
115,714 
145,585 
Current assets
Debtors
45,977 
13,235 
Cash at bank and in hand
17,236 
77,888 
63,213 
91,123 
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 
Capital and reserves
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
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AEROSPACE CUTTING TOOL LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 30 April 2024
202 
108,923 
6,589 
115,714 
At 30 April 2023
202 
139,500 
5,883 
145,585 
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AEROSPACE CUTTING TOOL LIMITED Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
12,257 
12,704 
Trade debtors
29,520 
- 
Other debtors
4,200 
531 
45,977 
13,235 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,920 
- 
Trade creditors
37,010 
93 
Taxes and social security
(16,930)
(3,754)
Other creditors
(1,792)
(855)
Loans from directors
5,469 
- 
Accruals
(27,396)
- 
1,281 
(4,516)
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
26,151 
26,151 
Obligations under finance leases and hire purchase contracts
- 
44,848 
26,151 
70,999 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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