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REGISTERED NUMBER: 06999788 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

HALLAM AVIATION SERVICES LIMITED

HALLAM AVIATION SERVICES LIMITED (REGISTERED NUMBER: 06999788)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HALLAM AVIATION SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTORS: J A Hallam
Mrs K Hallam





SECRETARY: Mrs K Hallam





REGISTERED OFFICE: Orchard House
Old Tewkesbury Road
Norton
Gloucester
Gloucestershire
GL2 9LR





REGISTERED NUMBER: 06999788 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

HALLAM AVIATION SERVICES LIMITED (REGISTERED NUMBER: 06999788)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 176,750 181,395

CURRENT ASSETS
Stocks 47,171 41,155
Cash at bank 54,602 197,311
101,773 238,466
CREDITORS
Amounts falling due within one year 5 (60,406 ) (97,882 )
NET CURRENT ASSETS 41,367 140,584
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,117

321,979

CAPITAL AND RESERVES
Called up share capital 6 2 2
Revaluation reserve 7 20,000 20,000
Retained earnings 7 198,115 301,977
SHAREHOLDERS' FUNDS 218,117 321,979

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

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

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by:





J A Hallam - Director


HALLAM AVIATION SERVICES LIMITED (REGISTERED NUMBER: 06999788)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Hallam Aviation Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Aircraft - Straight line over 25 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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
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.

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.

HALLAM AVIATION SERVICES LIMITED (REGISTERED NUMBER: 06999788)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery Aircraft vehicles Totals
£    £    £    £   
COST
At 1 September 2023 4,244 152,574 110,663 267,481
Additions - - 3,630 3,630
At 31 August 2024 4,244 152,574 114,293 271,111
DEPRECIATION
At 1 September 2023 4,244 17,809 64,033 86,086
Charge for year - 6,103 2,172 8,275
At 31 August 2024 4,244 23,912 66,205 94,361
NET BOOK VALUE
At 31 August 2024 - 128,662 48,088 176,750
At 31 August 2023 - 134,765 46,630 181,395

The aircraft have not been depreciated as shown at market value, this will be reviewed annually.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 39,049
Social security and other taxes 8,157 11,050
Other creditors 10,247 -
Directors' current accounts 40,268 46,083
Accruals 1,734 1,700
60,406 97,882

6. CALLED UP SHARE CAPITAL

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

7. RESERVES