1 false false false false false false false false false false true false false false false true true No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04256151 2023-08-01 2024-07-31 04256151 2024-07-31 04256151 2023-07-31 04256151 2022-08-01 2023-07-31 04256151 2023-07-31 04256151 2022-07-31 04256151 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 04256151 bus:Director1 2023-08-01 2024-07-31 04256151 core:WithinOneYear 2024-07-31 04256151 core:WithinOneYear 2023-07-31 04256151 core:ShareCapital 2024-07-31 04256151 core:ShareCapital 2023-07-31 04256151 core:RetainedEarningsAccumulatedLosses 2024-07-31 04256151 core:RetainedEarningsAccumulatedLosses 2023-07-31 04256151 bus:SmallEntities 2023-08-01 2024-07-31 04256151 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 04256151 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04256151 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04256151 bus:FullAccounts 2023-08-01 2024-07-31 04256151 bus:OrdinaryShareClass1 2024-07-31 04256151 bus:OrdinaryShareClass1 2023-07-31
COMPANY REGISTRATION NUMBER: 04256151
Rotorhead Aviation Limited
Filleted Unaudited Financial Statements
31 July 2024
Rotorhead Aviation Limited
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
£
Current assets
Debtors
5
5,509
2,392
Cash at bank and in hand
22,762
70,472
--------
--------
28,271
72,864
Creditors: amounts falling due within one year
6
25,548
55,576
--------
--------
Net current assets
2,723
17,288
-------
--------
Total assets less current liabilities
2,723
17,288
-------
--------
Net assets
2,723
17,288
-------
--------
Capital and reserves
Called up share capital
7
2
2
Profit and loss account
2,721
17,286
-------
--------
Shareholder funds
2,723
17,288
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 January 2025 , and are signed on behalf of the board by:
Mr S Smith
Director
Company registration number: 04256151
Rotorhead Aviation Limited
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Perryfields Barn, Priory Farm Lane, Inkberrow, Worcester, WR7 4HU, Worcestershire.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a small entity as defined in FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No significant estimates or judgements have been made in preparing these accounts.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Debtors
2024
2023
£
£
Trade debtors
5,509
2,392
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
1,867
1,595
Corporation tax
1,321
1,621
Social security and other taxes
33
33
Director loan accounts
21,327
51,327
Other creditors
1,000
1,000
--------
--------
25,548
55,576
--------
--------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
----
----
----
----