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REGISTERED NUMBER: 06949874 (England and Wales)



















Financial Statements

for the Year Ended 31 October 2024

for

MicroAvionics UK Limited

MicroAvionics UK Limited (Registered number: 06949874)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MicroAvionics UK Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: E G Cartwright
Mrs M L Cartwright





SECRETARY: Mrs M L Cartwright





REGISTERED OFFICE: The Mills
Canal Street
Derby
Derbyshire
DE1 2RJ





REGISTERED NUMBER: 06949874 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

MicroAvionics UK Limited (Registered number: 06949874)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 82,941 113,547

CURRENT ASSETS
Stocks 253,333 242,612
Debtors 5 117,532 35,571
Investments 6 153,082 61,830
Cash at bank 481,483 449,671
1,005,430 789,684
CREDITORS
Amounts falling due within one year 7 171,314 136,178
NET CURRENT ASSETS 834,116 653,506
TOTAL ASSETS LESS CURRENT
LIABILITIES

917,057

767,053

PROVISIONS FOR LIABILITIES 20,735 26,089
NET ASSETS 896,322 740,964

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 896,222 740,864
SHAREHOLDERS' FUNDS 896,322 740,964

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

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

MicroAvionics UK Limited (Registered number: 06949874)

Balance Sheet - continued
31 October 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 May 2025 and were signed on its behalf by:





E G Cartwright - Director


MicroAvionics UK Limited (Registered number: 06949874)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

MicroAvionics UK 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 represents net invoiced sales of goods, excluding value added tax. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the agreed upon payment will be received.

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 equipment - 15% on reducing balance
Micro plant - 10% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for slow moving and obsolete items. Cost represents the invoiced cost of materials and parts on a first in first out basis and an appropriate amount of fixed and variable overheads.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
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 transaction. Exchange differences are taken into account in arriving at the operating result.

Current asset investments
Current asset investments are measured at fair value at the balance sheet date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss and subsequently transferred to a fair value reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

MicroAvionics UK Limited (Registered number: 06949874)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and Micro Motor Computer
equipment plant vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 21,417 56,153 103,163 - 180,733
Additions - - - 930 930
Disposals - (56,153 ) - - (56,153 )
At 31 October 2024 21,417 - 103,163 930 125,510
DEPRECIATION
At 1 November 2023 11,069 39,457 16,660 - 67,186
Charge for year 1,555 - 12,975 310 14,840
Eliminated on disposal - (39,457 ) - - (39,457 )
At 31 October 2024 12,624 - 29,635 310 42,569
NET BOOK VALUE
At 31 October 2024 8,793 - 73,528 620 82,941
At 31 October 2023 10,348 16,696 86,503 - 113,547

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 97,032 27,191
Other debtors 18,689 8,380
Directors' current accounts 1,811 -
117,532 35,571

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Corporate investment 153,082 61,830

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 41,455 35,899
Tax 74,353 48,653
Social security and other taxes 9,369 8,558
Other creditors 46,137 42,049
Directors' current accounts - 1,019
171,314 136,178

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year a net advance of £1,811 was made to a director. This amount was interest free and repayable on demand.