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REGISTERED NUMBER: 09134618 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

VARNEY AVIATION LIMITED

VARNEY AVIATION LIMITED (REGISTERED NUMBER: 09134618)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VARNEY AVIATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: Mr M J Varney
Mrs C Salvail





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN





REGISTERED NUMBER: 09134618 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

VARNEY AVIATION LIMITED (REGISTERED NUMBER: 09134618)

BALANCE SHEET
30TH JUNE 2024

30.6.24 30.6.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 77,264 98,726

CURRENT ASSETS
Debtors 5 101,565 13,582
Cash at bank 479,145 490,895
580,710 504,477
CREDITORS
Amounts falling due within one year 6 205,714 172,840
NET CURRENT ASSETS 374,996 331,637
TOTAL ASSETS LESS CURRENT
LIABILITIES

452,260

430,363

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 452,160 430,263
SHAREHOLDERS' FUNDS 452,260 430,363

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th March 2025 and were signed on its behalf by:





Mr M J Varney - Director


VARNEY AVIATION LIMITED (REGISTERED NUMBER: 09134618)

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

1. STATUTORY INFORMATION

Varney Aviation 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.

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
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.
Plant and machinery etc - 25% on cost and 20% on reducing balance

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st July 2023 149,734
Additions 6,716
Disposals (14,641 )
At 30th June 2024 141,809
DEPRECIATION
At 1st July 2023 51,008
Charge for year 26,292
Eliminated on disposal (12,755 )
At 30th June 2024 64,545
NET BOOK VALUE
At 30th June 2024 77,264
At 30th June 2023 98,726

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Trade debtors 94,438 1,240
Other debtors 7,127 12,342
101,565 13,582

VARNEY AVIATION LIMITED (REGISTERED NUMBER: 09134618)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Taxation and social security 16,108 20,197
Other creditors 189,606 152,643
205,714 172,840