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Draft
Paul Reid Aviation Limited
Registered Number:10795120
For the year ended 31 May 2024
England and Wales
Report of the Director and Unaudited Financial Statements
2
Draft
For the year ended 31 May 2024
Paul Reid Aviation Limited
Contents Page
Company Information
1
2
Director's Report
3
Independent Accountants' Report
4
Income Statement
5
Statement of Financial Position
6
Notes to the Financial Statements
3
Draft
For the year ended 31 May 2024
Paul Reid Aviation Limited
Company Information
Mr Paul Reid
Director
10795120
Registered Number
The Lantern House 27
Registered Office
North Bar Without
Beverley
England
HU17 7AG
Accountants
P Tite tax Consultants Limited
17b Iron Mill Lane
Crayford
Dartford
Kent
DA1 4RN
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For the year ended 31 May 2024
Paul Reid Aviation Limited
Director's Report
The director presents his report and financial statements for the year ended 31 May 2024.
Principal activities
The principal activity of the company continued to be that of
Director
The director who served the company throughout the year was as follows:
Mr Paul Reid
Mr Paul Reid
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
25 February 2025
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For the year ended 31 May 2024
Paul Reid Aviation Limited
Independent Accountants' Report
As described on the Statement of Financial Position you are responsible for the preparation of the financial statements
for the year ended 31 May 2024 and you consider that the company is exempt from an audit under the Companies Act
2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist
you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to
us.
P Tite tax Consultants Limited
17b Iron Mill Lane
Crayford
Dartford
Kent
DA1 4RN
Date:
25 February 2025
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For the year ended 31 May 2024
Paul Reid Aviation Limited
Income Statement
2023
£
2024
£
Turnover
16,182
26,492
26,492
Gross profit
16,182
Administrative expenses
(8,081)
(13,558)
Other operating income
(2,500)
(2,000)
Operating profit
5,601
10,934
Interest payable and similar charges
(340)
(435)
5,261
10,499
Profit before taxation
(1,000)
(842)
Taxation
4,261
Profit for the financial year
9,657
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Registered Number :
10795120
As at 31 May 2024
Paul Reid Aviation Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
6,356
7,752
6,356
7,752
Current assets
150
Cash and cash equivalents
226
226
150
Trade and other payables: amounts falling due within one
year
(34,476)
(27,379)
2
(34,326)
(27,153)
Net current liabilities
Total assets less current liabilities
(20,797)
(26,574)
Trade and other payables: amounts falling due after more
than one year
(14,379)
(15,895)
3
(36,692)
Net liabilities
(40,953)
Capital and reserves
Called up share capital
1
1
Retained earnings
(36,693)
(40,954)
(36,692)
(40,953)
Shareholders' funds
For the year ended 31 May 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 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 proper 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 Section
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.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Paul Reid
These financial statements were approved and authorised for issue by the Board on 25 February 2025 and were signed by:
The notes form part of these financial statements
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For the year ended 31 May 2024
Paul Reid Aviation Limited
Notes to the Financial Statements
Statutory Information
Paul Reid Aviation Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 10795120.
Registered address:
The Lantern House 27
North Bar Without
Beverley
England
HU17 7AG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
1,000
842
Other creditors
26,379
33,634
27,379
34,476
3. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
15,895
14,379
4. Average number of persons employed
During the year the average number of employees was 0
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