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Company Registration No. 10898161 (England and Wales)
AIRCORE AVIATION LTD Unaudited accounts for the year ended 31 August 2024
AIRCORE AVIATION LTD Unaudited accounts Contents
Page
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AIRCORE AVIATION LTD Company Information for the year ended 31 August 2024
Director
Usman Ahmed
Company Number
10898161 (England and Wales)
Registered Office
71-75 SHELTON STREET COVENT GARDEN LONDON WC2H 9JQ UNITED KINGDOM
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AIRCORE AVIATION LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,626 
4,838 
Tangible assets
- 
421 
Investments
4,500 
4,500 
11,126 
9,759 
Current assets
Debtors
63,816 
73,959 
Cash at bank and in hand
5,418 
30,181 
69,234 
104,140 
Creditors: amounts falling due within one year
(66,509)
(90,838)
Net current assets
2,725 
13,302 
Total assets less current liabilities
13,851 
23,061 
Creditors: amounts falling due after more than one year
(10,940)
(21,062)
Net assets
2,911 
1,999 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,910 
1,998 
Shareholders' funds
2,911 
1,999 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 May 2025 and were signed on its behalf by
Usman Ahmed Director Company Registration No. 10898161
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AIRCORE AVIATION LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
AIRCORE AVIATION LTD is a private company, limited by shares, registered in England and Wales, registration number 10898161. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment
Investments are included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Research and development
Expenditure on research is written off in the year in which it is incurred. Development cost is capitalised and amortised over 5 year.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 year
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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AIRCORE AVIATION LTD Notes to the Accounts for the year ended 31 August 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2023
4,838 
Additions
1,788 
At 31 August 2024
6,626 
Amortisation
At 1 September 2023
- 
At 31 August 2024
- 
Net book value
At 31 August 2024
6,626 
At 31 August 2023
4,838 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
1,265 
At 31 August 2024
1,265 
Depreciation
At 1 September 2023
844 
Charge for the year
421 
At 31 August 2024
1,265 
Net book value
At 31 August 2024
- 
At 31 August 2023
421 
6
Investments
Other investments 
£ 
Valuation at 1 September 2023
4,500 
Valuation at 31 August 2024
4,500 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,401 
955 
Trade debtors
47,845 
63,304 
Amounts due from group undertakings etc.
1,250 
700 
Accrued income and prepayments
12,320 
9,000 
63,816 
73,959 
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AIRCORE AVIATION LTD Notes to the Accounts for the year ended 31 August 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,648 
10,648 
Trade creditors
1,425 
2,887 
Taxes and social security
8,464 
9,504 
Loans from directors
4,734 
4,734 
Accruals
41,238 
63,065 
66,509 
90,838 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,940 
21,062 
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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