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REGISTERED NUMBER: 05465966 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

AEROTROPE LIMITED

AEROTROPE LIMITED (REGISTERED NUMBER: 05465966)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AEROTROPE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: C Hornzee-Jones





SECRETARY: C Blumstein





REGISTERED OFFICE: Unit 2 Level 5 South
New England House
New England Street
Brighton
East Sussex
BN1 4GH





REGISTERED NUMBER: 05465966 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

AEROTROPE LIMITED (REGISTERED NUMBER: 05465966)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 195 530
Tangible assets 5 23,558 32,222
23,753 32,752

CURRENT ASSETS
Debtors 6 192,734 217,481
Cash at bank 596,714 496,397
789,448 713,878
CREDITORS
Amounts falling due within one year 7 114,478 111,542
NET CURRENT ASSETS 674,970 602,336
TOTAL ASSETS LESS CURRENT
LIABILITIES

698,723

635,088

CREDITORS
Amounts falling due after more than one
year

8

(9,599

)

(19,924

)

PROVISIONS FOR LIABILITIES 11 (5,654 ) (6,602 )
NET ASSETS 683,470 608,562

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 683,469 608,561
SHAREHOLDERS' FUNDS 683,470 608,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

AEROTROPE LIMITED (REGISTERED NUMBER: 05465966)

BALANCE SHEET - continued
30 JUNE 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 18 March 2025 and were signed by:





C Hornzee-Jones - Director


AEROTROPE LIMITED (REGISTERED NUMBER: 05465966)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Aerotrope 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.

Turnover
Revenue is measured at fair value of the consideration received or receivable for services, net of VAT. Revenue is recognised when the sales invoice has been raised for services undertaken.

Where services are invoiced in advance or after the year end, revenue is either deferred or accrued in accordance with generally accepted accounting principles.

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.

Computer software is being amortised evenly over its estimated useful life of four years.

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

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 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.

AEROTROPE LIMITED (REGISTERED NUMBER: 05465966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 July 2023
and 30 June 2024 1,340
AMORTISATION
At 1 July 2023 810
Amortisation for year 335
At 30 June 2024 1,145
NET BOOK VALUE
At 30 June 2024 195
At 30 June 2023 530

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings Bicycles equipment Totals
£    £    £    £   
COST
At 1 July 2023 8,456 1,614 56,652 66,722
Additions - - 2,170 2,170
At 30 June 2024 8,456 1,614 58,822 68,892
DEPRECIATION
At 1 July 2023 7,387 998 26,115 34,500
Charge for year 279 180 10,375 10,834
At 30 June 2024 7,666 1,178 36,490 45,334
NET BOOK VALUE
At 30 June 2024 790 436 22,332 23,558
At 30 June 2023 1,069 616 30,537 32,222

AEROTROPE LIMITED (REGISTERED NUMBER: 05465966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 75,577 80,292
Other debtors 117,157 137,189
192,734 217,481

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 10,270 10,016
Trade creditors 22,315 32,504
Taxation and social security 68,541 61,596
Other creditors 13,352 7,426
114,478 111,542

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 9,599 19,924

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,270 10,016

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,599 10,269

Amounts falling due between two and five years:
Bank loans - 2-5 years - 9,655

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 11,017 11,870
Between one and five years 3,036 4,946
14,053 16,816

The operating lease expense borne by the company relate to a motor vehicle used in the company.

AEROTROPE LIMITED (REGISTERED NUMBER: 05465966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,654 6,602

Deferred
tax
£   
Balance at 1 July 2023 6,602
Provided during year (948 )
Balance at 30 June 2024 5,654

12. CALLED UP SHARE CAPITAL

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

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £120,000 were paid to the director .