IRIS Accounts Production v24.3.2.46 10780599 director 1.6.23 31.5.24 31.5.24 false true false false true false Ordinary 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh107805992023-05-31107805992024-05-31107805992023-06-012024-05-31107805992022-05-31107805992022-06-012023-05-31107805992023-05-3110780599ns15:EnglandWales2023-06-012024-05-3110780599ns14:PoundSterling2023-06-012024-05-3110780599ns10:Director12023-06-012024-05-3110780599ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3110780599ns10:SmallEntities2023-06-012024-05-3110780599ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3110780599ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3110780599ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3110780599ns10:FullAccounts2023-06-012024-05-3110780599ns10:OrdinaryShareClass12023-06-012024-05-3110780599ns10:OrdinaryShareClass22023-06-012024-05-3110780599ns5:CurrentFinancialInstruments2024-05-3110780599ns5:CurrentFinancialInstruments2023-05-3110780599ns5:Non-currentFinancialInstruments2024-05-3110780599ns5:Non-currentFinancialInstruments2023-05-3110780599ns5:ShareCapital2024-05-3110780599ns5:ShareCapital2023-05-3110780599ns5:RetainedEarningsAccumulatedLosses2024-05-3110780599ns5:RetainedEarningsAccumulatedLosses2023-05-3110780599ns5:LeaseholdImprovements2023-06-012024-05-3110780599ns5:FurnitureFittings2023-06-012024-05-3110780599ns5:ComputerEquipment2023-06-012024-05-3110780599ns5:LeaseholdImprovements2023-05-3110780599ns5:FurnitureFittings2023-05-3110780599ns5:ComputerEquipment2023-05-3110780599ns5:LeaseholdImprovements2024-05-3110780599ns5:FurnitureFittings2024-05-3110780599ns5:ComputerEquipment2024-05-3110780599ns5:LeaseholdImprovements2023-05-3110780599ns5:FurnitureFittings2023-05-3110780599ns5:ComputerEquipment2023-05-3110780599ns5:CostValuation2023-05-3110780599ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3110780599ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3110780599ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-05-3110780599ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-05-3110780599ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-05-3110780599ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3110780599ns5:DeferredTaxation2023-05-3110780599ns5:DeferredTaxation2023-06-012024-05-3110780599ns5:DeferredTaxation2024-05-3110780599ns10:OrdinaryShareClass12024-05-3110780599ns10:OrdinaryShareClass22024-05-31107805991ns10:Director12023-05-31107805991ns10:Director12022-05-31107805991ns10:Director12023-06-012024-05-31107805991ns10:Director12022-06-012023-05-31107805991ns10:Director12024-05-31107805991ns10:Director12023-05-31
REGISTERED NUMBER: 10780599 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

SSD AVIATION GROUP LTD

SSD AVIATION GROUP LTD (REGISTERED NUMBER: 10780599)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Balance sheet 1

Notes to the financial statements 3


SSD AVIATION GROUP LTD (REGISTERED NUMBER: 10780599)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,252 1,602
Investments 5 100 100
1,352 1,702

Current assets
Debtors 6 65,987 41,886
Cash at bank 1,742 7,433
67,729 49,319
Creditors
Amounts falling due within one year 7 63,519 42,935
Net current assets 4,210 6,384
Total assets less current liabilities 5,562 8,086

Creditors
Amounts falling due after more than one year 8 (4,250 ) (7,650 )

Provisions for liabilities 9 (313 ) (382 )
Net assets 999 54

Capital and reserves
Called up share capital 10 2 2
Retained earnings 997 52
Shareholders' funds 999 54

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SSD AVIATION GROUP LTD (REGISTERED NUMBER: 10780599)

BALANCE SHEET - continued
31 MAY 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 February 2025 and were signed by:





Mr M Wamae - Director


SSD AVIATION GROUP LTD (REGISTERED NUMBER: 10780599)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. Statutory information

SSD Aviation Group Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10780599. The registered office address and business address is 48 Terringes Avenue, Worthing, West Sussex, BN13 1JG.

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.

Preparation of consolidated financial statements
The financial statements contain information about SSD Aviation Group Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents amounts receivable, excluding value added tax, in respect of aviation services provided in the ordinary course of business. Turnover is recognised when the service has been provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

SSD AVIATION GROUP LTD (REGISTERED NUMBER: 10780599)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
Cost
At 1 June 2023 732 721 3,687 5,140
Additions - - 141 141
At 31 May 2024 732 721 3,828 5,281
Depreciation
At 1 June 2023 659 488 2,391 3,538
Charge for year 73 58 360 491
At 31 May 2024 732 546 2,751 4,029
Net book value
At 31 May 2024 - 175 1,077 1,252
At 31 May 2023 73 233 1,296 1,602

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 June 2023
and 31 May 2024 100
Net book value
At 31 May 2024 100
At 31 May 2023 100

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Directors' current accounts 65,987 41,515
VAT - 371
65,987 41,886

SSD AVIATION GROUP LTD (REGISTERED NUMBER: 10780599)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 3,400 3,400
Trade creditors 989 734
Tax 49,997 35,207
VAT 6,342 -
Other creditors 481 1,394
Accruals and deferred income 2,310 2,200
63,519 42,935

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 3,400 3,400
Bank loans - 2-5 years 850 4,250
4,250 7,650

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 313 382

Deferred
tax
£   
Balance at 1 June 2023 382
Credit to Income statement during year (69 )
Balance at 31 May 2024 313

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1
1 Ordinary B £1 1 1
2 2

SSD AVIATION GROUP LTD (REGISTERED NUMBER: 10780599)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


11. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr M Wamae
Balance outstanding at start of year 41,515 41,138
Amounts advanced 97,288 94,138
Amounts repaid (72,816 ) (93,761 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 65,987 41,515

At the balance sheet date, the director owed the company £65,987 disclosed within debtors. The loan was fully repaid within 9 months of the year end.

12. Ultimate controlling party

The company is under the control of the director, Mr M Wamae, by virtue of his 100% ownership of the issued voting share capital of the company.