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Registration number: 01516901

Roebuck Air Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Roebuck Air Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Roebuck Air Services Limited

Company Information

Director

D M G Veazey

Registered office

Ancoats Lodge
Bangors Road North
Iver
Buckinghamshire
SL0 0BQ

Accountants

Sterlings Ltd
Chartered AccountantsLawford House
Albert Place
London
N3 1QA

 

Roebuck Air Services Limited

(Registration number: 01516901)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

8,639

10,212

Current assets

 

Debtors

5

143,112

240,904

Cash at bank and in hand

 

1,297,596

1,037,360

 

1,440,708

1,278,264

Creditors: Amounts falling due within one year

6

(173,405)

(176,303)

Net current assets

 

1,267,303

1,101,961

Total assets less current liabilities

 

1,275,942

1,112,173

Provisions for liabilities

(2,160)

(2,553)

Net assets

 

1,273,782

1,109,620

Capital and reserves

 

Called up share capital

8

100

100

Profit and loss account

1,273,682

1,109,520

Shareholders' funds

 

1,273,782

1,109,620

For the financial year ending 30 September 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 her 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 provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 March 2025
 

.........................................
D M G Veazey
Director

 

Roebuck Air Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

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

The address of its registered office is:
Ancoats Lodge
Bangors Road North
Iver
Buckinghamshire
SL0 0BQ

These financial statements were authorised for issue by the director on 14 March 2025.

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 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when: the service has been provided and an invoice issued and sent to the client.

Foreign currency transactions and balances

Assets and liabilities in foreign currencies are translated into Sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Roebuck Air Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over it's estimated useful life as follows:

Ambulances & High Lifts - 25% on reducing balance
Fixtures fittings & equipment - 25% on reducing balance
Computer equipment - 33% on cost

At the end of each financial year, the directors assess the carrying values of the assets having regard to their condition, obsolescence and whether they are still in use, and where necessary the asset values are impaired.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Roebuck Air Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Defined contribution pension obligation

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

Short term employee benefits
Short term employee benefits are recognised as an expense in the period in which they are incurred. However, the company's holiday period coincides with the company's financial year end and the employees are not allowed to carry over any holiday leave.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 15 (2023 - 15).

 

Roebuck Air Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 October 2023

104,175

285,932

2,897

393,004

Additions

-

-

1,470

1,470

At 30 September 2024

104,175

285,932

4,367

394,474

Depreciation

At 1 October 2023

96,719

283,176

2,897

382,792

Charge for the year

1,864

689

490

3,043

At 30 September 2024

98,583

283,865

3,387

385,835

Carrying amount

At 30 September 2024

5,592

2,067

980

8,639

At 30 September 2023

7,456

2,756

-

10,212

5

Debtors

Current

2024
£

2023
£

Trade debtors

108,831

205,250

Prepayments and accrued income

22,811

25,276

Other debtors

11,470

10,378

 

143,112

240,904

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

21,441

20,051

Taxation and social security

65,820

95,172

Accruals and deferred income

61,901

35,750

Other creditors

24,243

25,330

173,405

176,303

 

Roebuck Air Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Provisions for liabilities

Deferred tax provision

Deferred tax provision at the year end was £2,160 (2023 - £2,553)

The credit charge to the profit & loss account was £394 (2023 - £64).

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Related party transactions


Transactions with directors

At the year end, the balance of a loan provided by the company to a director was £5,434 (2023 - £5,434).

The above loan is unsecured, interest free and repayable on demand.