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COMPANY REGISTRATION NUMBER: 01567793
Aero Consultants (UK) Limited
Filleted Financial Statements
For the year ended
31 December 2024
Aero Consultants (UK) Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
47,239
43,392
Current assets
Stocks
990,084
638,195
Debtors
6
909,247
708,978
Cash at bank and in hand
431,322
1,003,753
------------
------------
2,330,653
2,350,926
Creditors: amounts falling due within one year
7
530,657
643,185
------------
------------
Net current assets
1,799,996
1,707,741
------------
------------
Total assets less current liabilities
1,847,235
1,751,133
Provisions
Taxation including deferred tax
6,015
4,130
------------
------------
Net assets
1,841,220
1,747,003
------------
------------
Capital and reserves
Called up share capital
600,000
600,000
Share premium account
563
563
Profit and loss account
1,240,657
1,146,440
------------
------------
Shareholders funds
1,841,220
1,747,003
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 7 May 2025 , and are signed on behalf of the board by:
D Price
Director
Company registration number: 01567793
Aero Consultants (UK) Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1b Tower Close, Huntingdon, United Kingdom, PE29 7DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis .
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There were no significant judgements or accounting estimates which would have a material impact on the financial statements other than as already disclosed in the accounting policies.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property
-
15% straight line
Plant and equipment
-
15% straight line
Fixtures and fittings
-
15% straight line
Motor vehicles
-
20% straight line
Equipment
-
20% straight line
Stocks
Stocks are measured 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 the stock to its present location and condition.
Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
Research and development
The company carries out research and development activities in order to enchance its product range and to establish developments in technology that will enable it to design new products and processes within its core market.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2023: 8 ).
5. Tangible assets
Leasehold improvements
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
£
Cost
At 1 Jan 2024
39,581
158,383
70,127
26,795
168,029
462,915
Additions
21,308
2,333
1,290
24,931
Disposals
( 39,581)
( 134,796)
( 64,126)
( 116,737)
( 355,240)
--------
---------
--------
--------
---------
---------
At 31 Dec 2024
44,895
8,334
26,795
52,582
132,606
--------
---------
--------
--------
---------
---------
Depreciation
At 1 Jan 2024
39,581
148,283
69,195
3,796
158,668
419,523
Charge for the year
4,306
554
5,359
4,927
15,146
Disposals
( 39,581)
( 130,612)
( 63,783)
( 115,326)
( 349,302)
--------
---------
--------
--------
---------
---------
At 31 Dec 2024
21,977
5,966
9,155
48,269
85,367
--------
---------
--------
--------
---------
---------
Carrying amount
At 31 Dec 2024
22,918
2,368
17,640
4,313
47,239
--------
---------
--------
--------
---------
---------
At 31 Dec 2023
10,100
932
22,999
9,361
43,392
--------
---------
--------
--------
---------
---------
6. Debtors
2024
2023
£
£
Trade debtors
865,293
460,499
Other debtors
43,954
248,479
---------
---------
909,247
708,978
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
60,400
81,973
Amounts owed to group undertakings and undertakings in which the company has a participating interest
343,943
323,000
Social security and other taxes
79,762
189,269
Other creditors
46,552
48,943
---------
---------
530,657
643,185
---------
---------
8. Contingencies
Since the year end the company has relocated premises. The final outcome of the total relocation costs is unknown and have therefore not been provided for in the financial statements.
9. Summary audit opinion
The auditor's report dated 7 May 2025 was unqualified .
The senior statutory auditor was Jonathan Day , for and on behalf of Streets Audit LLP .
10. Related party transactions
The company is a subsidiary of Aero Consultants Holdings AG .
11. Controlling party
The company is a subsidiary company of Aero Consultants Holdings AG. The parent company prepares consolidated financial statements which include Aero Consultants UK Limited. The registered office for the parent company is PO Box 35, CH8606 Nanikon Uster, Switzerland.