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REGISTERED NUMBER: 04609439 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31st December 2024

for

AIRCRAFT PARTS & LOGISTICS LTD

AIRCRAFT PARTS & LOGISTICS LTD (REGISTERED NUMBER: 04609439)






Contents of the Financial Statements
for the year ended 31st December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AIRCRAFT PARTS & LOGISTICS LTD

Company Information
for the year ended 31st December 2024







DIRECTOR: A J Feltham





REGISTERED OFFICE: Suffolk House
George Street
Croydon
Surrey
CR0 0YN





REGISTERED NUMBER: 04609439 (England and Wales)





ACCOUNTANTS: TC Group
Office: Croydon - TC SWP
3rd Floor, Suffolk House
George Street
Croydon
CR0 0YN

AIRCRAFT PARTS & LOGISTICS LTD (REGISTERED NUMBER: 04609439)

Statement of Financial Position
31st December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 31,254 37,395
Investment property 6 281,880 281,880
313,134 319,275

CURRENT ASSETS
Inventories 857,000 668,000
Debtors 7 72,605 145,888
Investments 8 15,000 15,000
Cash at bank 321,577 315,499
1,266,182 1,144,387
CREDITORS
Amounts falling due within one year 9 219,505 205,664
NET CURRENT ASSETS 1,046,677 938,723
TOTAL ASSETS LESS CURRENT LIABILITIES 1,359,811 1,257,998

CREDITORS
Amounts falling due after more than one
year

10

27,485

33,287
NET ASSETS 1,332,326 1,224,711

CAPITAL AND RESERVES
Called up share capital 5,100 5,100
Retained earnings 1,327,226 1,219,611
SHAREHOLDERS' FUNDS 1,332,326 1,224,711

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

AIRCRAFT PARTS & LOGISTICS LTD (REGISTERED NUMBER: 04609439)

Statement of Financial Position - continued
31st December 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th March 2025 and were signed by:





A J Feltham - Director


AIRCRAFT PARTS & LOGISTICS LTD (REGISTERED NUMBER: 04609439)

Notes to the Financial Statements
for the year ended 31st December 2024

1. STATUTORY INFORMATION

Aircraft Parts & Logistics Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on cost
Fixtures & fittings - 25% reducing balance
Motor vehicles - 25% reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


AIRCRAFT PARTS & LOGISTICS LTD (REGISTERED NUMBER: 04609439)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2024
and 31st December 2024 5,000
AMORTISATION
At 1st January 2024
and 31st December 2024 5,000
NET BOOK VALUE
At 31st December 2024 -
At 31st December 2023 -

AIRCRAFT PARTS & LOGISTICS LTD (REGISTERED NUMBER: 04609439)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

5. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st January 2024
and 31st December 2024 54,691 24,458 5,327 84,476
DEPRECIATION
At 1st January 2024 19,987 22,166 4,928 47,081
Charge for year 5,469 573 99 6,141
At 31st December 2024 25,456 22,739 5,027 53,222
NET BOOK VALUE
At 31st December 2024 29,235 1,719 300 31,254
At 31st December 2023 34,704 2,292 399 37,395

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2024
and 31st December 2024 281,880
NET BOOK VALUE
At 31st December 2024 281,880
At 31st December 2023 281,880

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 196,755 326,684
Bad debt allowance (137,418 ) (199,820 )
Other debtors 1,000 -
VAT 5,026 10,493
Prepayments 7,242 8,531
72,605 145,888

8. CURRENT ASSET INVESTMENTS
31.12.24 31.12.23
£    £   
Unlisted investments 15,000 15,000

AIRCRAFT PARTS & LOGISTICS LTD (REGISTERED NUMBER: 04609439)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 5,741 5,593
Trade creditors 59,164 63,365
Tax 48,821 8,510
Social security and other taxes 6,860 5,483
Directors' loan accounts 93,319 117,113
Accrued expenses 5,600 5,600
219,505 205,664

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-2 years 5,821 5,609
Bank loans - 2-5 years 18,928 18,375
Bank loans more 5 yr by instal 2,736 9,303
27,485 33,287

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,736 9,303