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ANTHONY KINNS AVIATION (SERVICES)
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST JULY 2024






ANTHONY KINNS AVIATION (SERVICES)
LIMITED (REGISTERED NUMBER: 02525987)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

ANTHONY KINNS AVIATION (SERVICES)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: G L Kinns
A J Kinns





SECRETARY: G L Kinns





REGISTERED OFFICE: First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Estate
Kempston
Bedfordshire
MK42 7PN





REGISTERED NUMBER: 02525987 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

ANTHONY KINNS AVIATION (SERVICES)
LIMITED (REGISTERED NUMBER: 02525987)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 442,938 351,161

CURRENT ASSETS
Stocks 5 785,000 647,879
Debtors 6 825,583 830,081
Cash at bank 350,625 387,563
1,961,208 1,865,523
CREDITORS
Amounts falling due within one year 7 947,778 931,395
NET CURRENT ASSETS 1,013,430 934,128
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,456,368

1,285,289

CREDITORS
Amounts falling due after more than one
year

8

(602,966

)

(501,614

)

PROVISIONS FOR LIABILITIES (110,725 ) (87,778 )
NET ASSETS 742,677 695,897

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 742,577 695,797
SHAREHOLDERS' FUNDS 742,677 695,897

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

ANTHONY KINNS AVIATION (SERVICES)
LIMITED (REGISTERED NUMBER: 02525987)

BALANCE SHEET - continued
31ST JULY 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 Comprehensive Income has not been delivered.

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





A J Kinns - Director


ANTHONY KINNS AVIATION (SERVICES)
LIMITED (REGISTERED NUMBER: 02525987)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Anthony Kinns 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.

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. The Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Turnover
Turnover represents sales of goods and services, excluding value added tax. Sales of bowsers are recognised when the sale becomes unconditional. Bowser hire and rental is recognised evenly over the period of hire. Where the sale was not completed until after the year end, an accrual is made to recognise the income in the accounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - straight line over lease term
Fuel Farm - straight line over lease term
Plant and machinery - 20% on reducing balance
Office equipment - 20% on reducing balance
Motor vehicles - 20% on cost

Tangible fixed assets under the cost model are stated at historic cost less accumulated depreciation and any accumulated impairment losses.

Historic cost included expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The board's policy is to only capitalise improvements to rental assets of more than £1,000 in value, expenditure below this value is treated as revenue expenditure.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


ANTHONY KINNS AVIATION (SERVICES)
LIMITED (REGISTERED NUMBER: 02525987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

ANTHONY KINNS AVIATION (SERVICES)
LIMITED (REGISTERED NUMBER: 02525987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

4. TANGIBLE FIXED ASSETS
Short Plant and
leasehold Fuel Farm machinery
£    £    £   
COST
At 1st August 2023 3,125 157,661 314,414
Additions - - -
Disposals - - -
At 31st July 2024 3,125 157,661 314,414
DEPRECIATION
At 1st August 2023 3,125 157,661 263,413
Charge for year - - 12,745
Eliminated on disposal - - -
At 31st July 2024 3,125 157,661 276,158
NET BOOK VALUE
At 31st July 2024 - - 38,256
At 31st July 2023 - - 51,001

Office Motor
equipment vehicles Totals
£    £    £   
COST
At 1st August 2023 37,355 782,669 1,295,224
Additions 1,160 326,583 327,743
Disposals - (219,882 ) (219,882 )
At 31st July 2024 38,515 889,370 1,403,085
DEPRECIATION
At 1st August 2023 25,361 494,503 944,063
Charge for year 2,536 49,110 64,391
Eliminated on disposal - (48,307 ) (48,307 )
At 31st July 2024 27,897 495,306 960,147
NET BOOK VALUE
At 31st July 2024 10,618 394,064 442,938
At 31st July 2023 11,994 288,166 351,161

The net book value of tangible fixed assets includes £NIL (2023 - £ 24,899 ) in respect of assets held under hire purchase contracts.

5. STOCKS
2024 2023
£    £   
Stocks 785,000 647,879

ANTHONY KINNS AVIATION (SERVICES)
LIMITED (REGISTERED NUMBER: 02525987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 344,808 398,287
Amounts owed by related parties 54,156 59,000
Other debtors - 12,002
Prepayments & accrued income 426,619 360,792
825,583 830,081

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 38,135
Trade creditors 151,148 153,921
Customer deposits held 295,000 330,000
Amounts owed to related parties 302,263 302,476
Corporation tax 43,296 -
Social security and other taxes 8,076 8,098
VAT 37,908 36,777
Other creditors 46,029 47,689
Accruals & deferred income 64,058 14,299
947,778 931,395

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings 602,966 501,614

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 38,135

Bank facilities are secured by a personal guarantee granted by A J Kinns, a director.

Hire purchase contracts are secured against the assets which the agreements relate to.

10. ULTIMATE CONTROLLING PARTY

The ultimate parent company at the balance sheet date was Marlynton & Partners Holdings Limited. Their registered office is First Floor, Woburn Court, 2 Railton Road, Woburn Road Industrial Estate, Kempston, Bedfordshire MK42 7PN.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ANTHONY KINNS AVIATION (SERVICES)
LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Anthony Kinns Aviation (Services) Limited for the year ended 31st July 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Anthony Kinns Aviation (Services) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Anthony Kinns Aviation (Services) Limited and state those matters that we have agreed to state to the Board of Directors of Anthony Kinns Aviation (Services) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Anthony Kinns Aviation (Services) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Anthony Kinns Aviation (Services) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Anthony Kinns Aviation (Services) Limited. You consider that Anthony Kinns Aviation (Services) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Anthony Kinns Aviation (Services) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


28th April 2025