Aircraft Paint Services Limited 08874351 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is the provision of paint services to the aviation sector, including leasing of specialist equipment. Digita Accounts Production Advanced 6.30.9574.0 true true 08874351 2023-06-01 2024-05-31 08874351 2024-05-31 08874351 bus:OrdinaryShareClass1 2024-05-31 08874351 core:RetainedEarningsAccumulatedLosses 2024-05-31 08874351 core:ShareCapital 2024-05-31 08874351 core:CurrentFinancialInstruments 2024-05-31 08874351 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 08874351 bus:SmallEntities 2023-06-01 2024-05-31 08874351 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 08874351 bus:FilletedAccounts 2023-06-01 2024-05-31 08874351 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08874351 bus:RegisteredOffice 2023-06-01 2024-05-31 08874351 bus:Director1 2023-06-01 2024-05-31 08874351 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 08874351 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08874351 1 2023-06-01 2024-05-31 08874351 countries:EnglandWales 2023-06-01 2024-05-31 08874351 2022-06-01 2023-05-31 08874351 2023-05-31 08874351 bus:OrdinaryShareClass1 2023-05-31 08874351 core:RetainedEarningsAccumulatedLosses 2023-05-31 08874351 core:ShareCapital 2023-05-31 08874351 core:CurrentFinancialInstruments 2023-05-31 08874351 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Aircraft Paint Services Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 May 2024

Registration number: 08874351

 

Aircraft Paint Services Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Aircraft Paint Services Limited

Balance Sheet

31 May 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

58,161

58,161

Cash at bank and in hand

 

51

123

 

58,212

58,284

Creditors: Amounts falling due within one year

5

(26,934)

(26,934)

Net assets

 

31,278

31,350

Capital and reserves

 

Called up share capital

6

100

100

Profit and loss account

31,178

31,250

Shareholders' funds

 

31,278

31,350

For the financial year ending 31 May 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 27 November 2024
 

.........................................
W H Crook
Director

Company Registration Number: 08874351

 

Aircraft Paint Services Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office and principal place of business is:
Unit 1, First Floor
Exeter International Office Park
Clyst Honiton
Exeter
Devon
EX5 2HL

These financial statements were authorised for issue by the director on 27 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' incorporating Section 1A and the Companies Act 2006. There are no material departures from FRS 102 Section 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. All exchange differences are included in the statement of income and retained earnings.

 

Aircraft Paint Services Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2024

Financial instruments

Classification
The company holds short term other debtors and creditors as financial instruments. All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.


 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

2024
£

2023
£

Other debtors

58,161

58,161

58,161

58,161

5

Creditors

2024
£

2023
£

Due within one year

Owed to group undertakings

24,784

24,784

Accruals and deferred income

2,000

2,000

Other creditors

150

150

26,934

26,934

 

Aircraft Paint Services Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2024

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

7

Parent and ultimate parent undertaking

The company's immediate parent is JMC-Group Limited, incorporated in England and Wales. The financial statements are available upon request from Companies House.