2023-08-012024-07-312024-07-31false12129390GOVERNORAEROTECH 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GOVERNORAEROTECH LTD

Registered Number
12129390
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

GOVERNORAEROTECH LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

HILDITCH, Stanley Laurence

Company Secretary

HILDITCH, Margaret Cusick

Registered Address

Turnarobert Too! Jennings Orchard
Woodmancote
Cheltenham
GL52 9HL

Registered Number

12129390 (England and Wales)
GOVERNORAEROTECH LTD
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,2203,290
1,2203,290
Current assets
Debtors41,798-
Cash at bank and on hand13,07927,908
14,87727,908
Creditors amounts falling due within one year5(2,496)(3,672)
Net current assets (liabilities)12,38124,236
Total assets less current liabilities13,60127,526
Net assets13,60127,526
Capital and reserves
Called up share capital22
Profit and loss account13,59927,524
Shareholders' funds13,60127,526
The financial statements were approved and authorised for issue by the Director on 14 April 2025, and are signed on its behalf by:
HILDITCH, Stanley Laurence
Director
Registered Company No. 12129390
GOVERNORAEROTECH LTD
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 August 231,0058,4629,467
At 31 July 241,0058,4629,467
Depreciation and impairment
At 01 August 231,0055,1726,177
Charge for year-2,0702,070
At 31 July 241,0057,2428,247
Net book value
At 31 July 24-1,2201,220
At 31 July 23-3,2903,290
4.Debtors: amounts due within one year

2024

2023

££
Deferred tax asset, debtors1,798-
Total1,798-
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security-1,799
Other creditors2,4961,873
Total2,4963,672
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.