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REGISTERED NUMBER: 04281247 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

AEROSPACE ENGINEERING SOLUTIONS LIMITED

AEROSPACE ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 04281247)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AEROSPACE ENGINEERING SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: A Heissig
A M Dolby





SECRETARY: A M Dolby





REGISTERED OFFICE: Rae House
Dane Street
Bishops Stortford
Herts
CM23 3BT





BUSINESS ADDRESS: Unit 6
Century Drive
Freeport Office Village
Braintree
Essex
CM77 8YG





REGISTERED NUMBER: 04281247 (England and Wales)





ACCOUNTANTS: Barrow LLP
Rae House
Dane Street
Bishops Stortford
Herts
CM23 3BT

AEROSPACE ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 04281247)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 411,480 421,084
Investments 6 2,698 2,698
414,178 423,782

CURRENT ASSETS
Stocks 236,661 96,964
Debtors 7 521,150 454,690
Cash at bank 894,285 745,721
1,652,096 1,297,375
CREDITORS
Amounts falling due within one year 8 (1,212,810 ) (602,885 )
NET CURRENT ASSETS 439,286 694,490
TOTAL ASSETS LESS CURRENT LIABILITIES 853,464 1,118,272

CREDITORS
Amounts falling due after more than one year 9 - (85,361 )

PROVISIONS FOR LIABILITIES - (265 )
NET ASSETS 853,464 1,032,646

CAPITAL AND RESERVES
Called up share capital 11 44 44
Revaluation reserve 12 (31,018 ) (27,018 )
Capital redemption reserve 12 56 56
Retained earnings 12 884,382 1,059,564
SHAREHOLDERS' FUNDS 853,464 1,032,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

AEROSPACE ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 04281247)

BALANCE SHEET - continued
30 SEPTEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by:





A M Dolby - Director


AEROSPACE ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 04281247)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Aerospace Engineering Solutions 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 (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Aerospace Engineering Solutions Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Office equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at net realisable value.

AEROSPACE ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 04281247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred upon normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

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.

AEROSPACE ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 04281247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. ACCOUNTING POLICIES - continued

Deferred taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date.


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 17 ) .

5. TANGIBLE FIXED ASSETS
Freehold Office
property equipment Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 410,000 20,649 430,649
Disposals - (1,875 ) (1,875 )
Revaluations (4,000 ) - (4,000 )
At 30 September 2024 406,000 18,774 424,774
DEPRECIATION
At 1 October 2023 - 9,565 9,565
Charge for year - 5,605 5,605
Eliminated on disposal - (1,876 ) (1,876 )
At 30 September 2024 - 13,294 13,294
NET BOOK VALUE
At 30 September 2024 406,000 5,480 411,480
At 30 September 2023 410,000 11,084 421,084

Cost or valuation at 30 September 2024 is represented by:

Freehold Office
property equipment Totals
£    £    £   
Valuation in 2015 (125,018 ) - (125,018 )
Valuation in 2016 39,000 - 39,000
Valuation in 2018 19,000 - 19,000
Valuation in 2022 40,000 - 40,000
Valuation in 2024 (4,000 ) - (4,000 )
Cost 437,018 18,774 455,792
406,000 18,774 424,774

AEROSPACE ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 04281247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

If freehold property had not been revalued it would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 437,018 437,018

Freehold property was valued on an open market basis on 30 September 2024 by the directors .

The directors have reflected the carrying value of the freehold property as the after date agreed sale price thereof.

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 2,698
NET BOOK VALUE
At 30 September 2024 2,698
At 30 September 2023 2,698

A fixed asset investment in the sum of £89 relates to the shares held in the subsidiary company DOA AES Global Limited, which is registered in Ireland.

A further fixed asset investment in the sum of £2,609 relates to the shares held in another subsidiary company Aerospace Engineering Solutions Spain, SL, which is registered in Spain.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 301,997 349,762
Amounts owed by group undertakings 43,478 65,217
Other debtors 175,675 39,711
521,150 454,690

AEROSPACE ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 04281247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts - 39,254
Trade creditors 110,724 109,754
Amounts owed to group undertakings 720,522 7,160
Taxation and social security 30,203 105,314
Other creditors 351,361 341,403
1,212,810 602,885

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans - 85,361

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans - 124,615

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
44 Ordinary £1 44 44

12. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 October 2023 1,059,564 (27,018 ) 56 1,032,602
Profit for the year 700,818 700,818
Dividends (880,000 ) (880,000 )
Transfer of fair value gains 4,000 (4,000 ) - -
At 30 September 2024 884,382 (31,018 ) 56 853,420