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REGISTERED NUMBER: 02195074 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

BRAMLANDS (AVIATION) LIMITED

BRAMLANDS (AVIATION) LIMITED (REGISTERED NUMBER: 02195074)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRAMLANDS (AVIATION) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: P D Spence
E Spence
C W E Spence





SECRETARY: E Spence





REGISTERED OFFICE: 4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU





REGISTERED NUMBER: 02195074 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

BRAMLANDS (AVIATION) LIMITED (REGISTERED NUMBER: 02195074)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 46,166 74,139
Investments 5 272 217
46,438 74,356

CURRENT ASSETS
Stocks 230,331 183,913
Debtors 6 332,311 207,178
Cash at bank and in hand 325,354 304,272
887,996 695,363
CREDITORS
Amounts falling due within one year 7 500,183 266,736
NET CURRENT ASSETS 387,813 428,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

434,251

502,983

CREDITORS
Amounts falling due after more than one
year

8

8,333

26,762
NET ASSETS 425,918 476,221

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 420,918 471,221
SHAREHOLDERS' FUNDS 425,918 476,221

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 8 May 2025 and were signed on its behalf by:



E Spence - Director


BRAMLANDS (AVIATION) LIMITED (REGISTERED NUMBER: 02195074)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Bramlands (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.

The presentation currency of the financial statements is the Pound Sterling (£).


The functional currency of Bramlands (Aviation) Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the company operates. When determining the functional currency the directors have considered the currency that influences sales prices for goods and services, the competitive forces and regulations that determine the sales prices and the currency that influences labour, material and its overheads.

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 as modified by the revaluation of certain assets.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and associates assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Critical judgements in applying the company's accounting policies

The following are the critical judgements that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

(a) Impairment of trade debtors
Trade debtors are stated at their recoverable amount based on reviews of specific customers' credit worthiness and payment profits.

(b) Impairment of stocks
Stocks are stated at the lower of cost and net realisable value based on an assessment of likely future revenue.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - over the lease term
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and over the lease term

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


BRAMLANDS (AVIATION) LIMITED (REGISTERED NUMBER: 02195074)

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


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

Foreign currencies
Monetary 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. All differences are taken to the profit and loss account.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Pension costs and other post-retirement benefits
The pension costs charged in the financial statements represent the contributions payable by the company during the year in accordance with FRS 17. These contributions are invested separately from the company's assets.

The company contributes to the directors personal pension schemes. Contributions payable to this scheme are charged to the profit and loss account in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Government grants
Government grants are recognised when the entity has reasonable assurance that conditions attached to the grant will be complied with and that the grant will be received.
Revenue grants are recognised using the accrual model and are therefore recognised as income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Revenue grants are measured at fair value, being the amount of cash receivable.

BRAMLANDS (AVIATION) LIMITED (REGISTERED NUMBER: 02195074)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 September 2023 14,044 47,643 82,900
Additions - - -
Impairments - - -
At 31 August 2024 14,044 47,643 82,900
DEPRECIATION
At 1 September 2023 14,044 46,044 69,994
Charge for year - 800 1,936
At 31 August 2024 14,044 46,844 71,930
NET BOOK VALUE
At 31 August 2024 - 799 10,970
At 31 August 2023 - 1,599 12,906

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2023 131,660 60,288 336,535
Additions 123 - 123
Impairments - (12,000 ) (12,000 )
At 31 August 2024 131,783 48,288 324,658
DEPRECIATION
At 1 September 2023 115,998 16,316 262,396
Charge for year 2,367 10,993 16,096
At 31 August 2024 118,365 27,309 278,492
NET BOOK VALUE
At 31 August 2024 13,418 20,979 46,166
At 31 August 2023 15,662 43,972 74,139

BRAMLANDS (AVIATION) LIMITED (REGISTERED NUMBER: 02195074)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 60,288
Impairments (12,000 )
At 31 August 2024 48,288
DEPRECIATION
At 1 September 2023 16,317
Charge for year 10,993
At 31 August 2024 27,310
NET BOOK VALUE
At 31 August 2024 20,978
At 31 August 2023 43,971

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 September 2023 217
Revaluations 55
At 31 August 2024 272
NET BOOK VALUE
At 31 August 2024 272
At 31 August 2023 217

Cost or valuation at 31 August 2024 is represented by:

Other
investments
£   
Valuation in 2024 55
Cost 217
272

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 271,527 174,648
Other debtors 60,784 32,530
332,311 207,178

BRAMLANDS (AVIATION) LIMITED (REGISTERED NUMBER: 02195074)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 8,429 8,430
Trade creditors 385,018 156,023
Taxation and social security 15,875 14,779
Other creditors 80,861 77,504
500,183 266,736

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,333 18,333
Hire purchase contracts (see note 9) - 8,429
8,333 26,762

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 8,429 8,430
Between one and five years - 8,429
8,429 16,859

Non-cancellable operating leases
2024 2023
£    £   
Within one year 38,000 38,000
Between one and five years 22,167 60,167
60,167 98,167

10. SECURED DEBTS

The Sterling and Dollar bank overdraft is secured by way of a personal guarantee from the directors, limited to £20,000.