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REGISTERED NUMBER: 10201385 (England and Wales)











Unaudited Financial Statements for the Year Ended 31 August 2024

for

LJS Aviation Ltd

LJS Aviation Ltd (Registered number: 10201385)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LJS Aviation Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs C C Moore
Mrs L J Smith
Miss J L Smith
Mr A D Moore





REGISTERED OFFICE: Unit F5 Rock Business Park
The Hollow
Washington
West Sussex
RH20 3GR





REGISTERED NUMBER: 10201385 (England and Wales)

LJS Aviation Ltd (Registered number: 10201385)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes $    $    $   
FIXED ASSETS
Tangible assets 4 21,645 37,006

CURRENT ASSETS
Stocks 20,001,989 20,569,517
Debtors 5 3,289,452 1,987,214
Cash at bank and in hand 2,346,402 1,227,914
25,637,843 23,784,645
CREDITORS
Amounts falling due within one year 6 13,349,922 13,466,148
NET CURRENT ASSETS 12,287,921 10,318,497
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,309,566

10,355,503

CREDITORS
Amounts falling due after more than one year 7 (85,092 ) (458,646 )

PROVISIONS FOR LIABILITIES (6,138 ) (6,025 )
NET ASSETS 12,218,336 9,890,832

CAPITAL AND RESERVES
Called up share capital 148 148
Retained earnings 12,218,188 9,890,684
12,218,336 9,890,832

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.

LJS Aviation Ltd (Registered number: 10201385)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





Miss J L Smith - Director


LJS Aviation Ltd (Registered number: 10201385)

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

1. STATUTORY INFORMATION

LJS Aviation Ltd 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 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 each asset over its estimated useful life.
Land and buildings - 20% on cost
Plant and machinery etc - 25% on cost and 25% on reducing balance

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

LJS Aviation Ltd (Registered number: 10201385)

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 21 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
$    $    $   
COST
At 1 September 2023 146,202 132,348 278,550
Additions - 1,336 1,336
At 31 August 2024 146,202 133,684 279,886
DEPRECIATION
At 1 September 2023 137,678 103,866 241,544
Charge for year 5,436 11,261 16,697
At 31 August 2024 143,114 115,127 258,241
NET BOOK VALUE
At 31 August 2024 3,088 18,557 21,645
At 31 August 2023 8,524 28,482 37,006

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
$    $   
Trade debtors 2,266,057 1,844,551
Other debtors 1,023,395 142,663
3,289,452 1,987,214

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
$    $   
Bank loans and overdrafts 11,051,670 11,157,156
Trade creditors 957,691 1,405,192
Amounts owed to group undertakings - 619,361
Taxation and social security 281,102 215,717
Other creditors 1,059,459 68,722
13,349,922 13,466,148

LJS Aviation Ltd (Registered number: 10201385)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
$    $   
Bank loans 85,092 226,698
Other creditors - 231,948
85,092 458,646