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REGISTERED NUMBER: 08751605 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

SATTO Solutions Ltd

SATTO Solutions Ltd (Registered number: 08751605)






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


SATTO Solutions Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: D F Hammond





REGISTERED OFFICE: Aerospace Logistics Centre
Unit 2B
Dunhams Lane
Letchworth Garden City
Hertfordshire
SG6 1BE





REGISTERED NUMBER: 08751605 (England and Wales)





AUDITORS: Godfrey Laws Audit Limited
65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

SATTO Solutions Ltd (Registered number: 08751605)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 6,250 9,052
Investments 5 30 30
6,280 9,082

CURRENT ASSETS
Stocks 174,577 161,114
Debtors 6 261,743 186,831
Cash at bank 79,323 50,380
515,643 398,325
CREDITORS
Amounts falling due within one year 7 300,292 211,828
NET CURRENT ASSETS 215,351 186,497
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,631

195,579

PROVISIONS FOR LIABILITIES 1,563 2,263
NET ASSETS 220,068 193,316

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 219,968 193,216
SHAREHOLDERS' FUNDS 220,068 193,316

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 director and authorised for issue on 28 May 2025 and were signed by:





D F Hammond - Director


SATTO Solutions Ltd (Registered number: 08751605)

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

1. STATUTORY INFORMATION

SATTO Solutions 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.

Turnover consists of the marketing and distribution of a rapid repair system for aircraft cabin.

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 machinery - 20% on cost
Computer equipment - 33% on cost

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.

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.

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.

SATTO Solutions Ltd (Registered number: 08751605)

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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 14,065 2,166 16,231
DEPRECIATION
At 1 September 2023 5,013 2,166 7,179
Charge for year 2,802 - 2,802
At 31 August 2024 7,815 2,166 9,981
NET BOOK VALUE
At 31 August 2024 6,250 - 6,250
At 31 August 2023 9,052 - 9,052

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 September 2023
and 31 August 2024 30
NET BOOK VALUE
At 31 August 2024 30
At 31 August 2023 30

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 195,855 159,154
Amounts owed by group undertakings - 46
Other debtors 65,888 27,631
261,743 186,831

SATTO Solutions Ltd (Registered number: 08751605)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 23,352 61,457
Amounts owed to group undertakings 223,814 81,245
Amounts owed to associates 30 10,591
Taxation and social security 38,438 47,201
Other creditors 14,658 11,334
300,292 211,828

8. SECURED DEBTS

Securities include:
Fixed and floating charge created in favour of LLoyds Bank to cover all property or undertaking of the company. The charge includes a negative pledge.

Fixed and floating charge created in favour of Aldermore Bank PLC to cover all property or undertaking of the company. The charge includes a negative pledge.

The company has an omnibus guarantee and set off agreement with it's fellow group companies:
Cabinair Services Ltd
HSM Aero Ltd
Specialist Aviation Holding Ltd
Specialist Aviation Ltd
Specialist Aviation Properties Ltd

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Howard Ashmore FCA (Senior Statutory Auditor)
for and on behalf of Godfrey Laws Audit Limited

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the following amounts are due to/(from) companies under common control:

31.8.24 31.8.23
£ £
Specialist Aviation Holdings Limited 155,883 58,869
Cabinair Services Limited 4,787 (46 )
HSM Aero Limited 63,144 22,376


During the year, the company traded with the following associated
companies:

31.8.24 31.8.23
SATTO Repair Centre USA C Corp £ £
Amounts due from associated company 37,399 -
Trade debtors 117,745 122,717

Mix 14 Limited
Amounts due to associated company 30 10,591

The controlling party is D F Hammond.

SATTO Solutions Ltd (Registered number: 08751605)

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

11. ULTIMATE PARENT COMPANY

The ultimate parent company is Specialist Aviation Holdings Limited, the registered office is: Aerospace Logistics Centre, Fifth Avenue, Letchworth Garden City, Herts, SG6 2TS.