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REGISTERED NUMBER: 03439316 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

AEROTECH AIRCRAFT MAINTENANCE LIMITED

AEROTECH AIRCRAFT MAINTENANCE LIMITED (REGISTERED NUMBER: 03439316)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AEROTECH AIRCRAFT MAINTENANCE LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: Mr S R Clark
Mr R Doherty





SECRETARY: Mrs C A Doherty





REGISTERED OFFICE: Airpark Coventry Airport
Rowley Road
Baginton
Coventry
West Midlands
CV3 4FR





REGISTERED NUMBER: 03439316 (England and Wales)





ACCOUNTANTS: Michael Harwood & Co
Chartered Accountants
Greville House
10 Jury Street
Warwick
Warwickshire
CV34 4EW

AEROTECH AIRCRAFT MAINTENANCE LIMITED (REGISTERED NUMBER: 03439316)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,520 22,676

CURRENT ASSETS
Stocks 276,435 317,197
Debtors 5 128,453 96,126
Cash at bank 6,131 8,374
411,019 421,697
CREDITORS
Amounts falling due within one year 6 291,185 267,429
NET CURRENT ASSETS 119,834 154,268
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,354

176,944

CREDITORS
Amounts falling due after more than one
year

7

(37,298

)

(65,211

)

PROVISIONS FOR LIABILITIES 8 (2,026 ) (1,719 )
NET ASSETS 102,030 110,014

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 101,930 109,914
SHAREHOLDERS' FUNDS 102,030 110,014

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2025 and were signed on its behalf by:




Mr R Doherty - Director


AEROTECH AIRCRAFT MAINTENANCE LIMITED (REGISTERED NUMBER: 03439316)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Aerotech Aircraft Maintenance 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and equipment - 20% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33.33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

AEROTECH AIRCRAFT MAINTENANCE LIMITED (REGISTERED NUMBER: 03439316)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Plant and Motor Computer
improvements equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 5,672 26,471 36,495 7,797 76,435
Additions - 9,108 - - 9,108
Disposals - (1,948 ) (19,500 ) - (21,448 )
At 30 September 2024 5,672 33,631 16,995 7,797 64,095
DEPRECIATION
At 1 October 2023 5,672 21,297 21,994 4,796 53,759
Charge for year - 1,619 2,589 1,911 6,119
Eliminated on disposal - (1,948 ) (15,355 ) - (17,303 )
At 30 September 2024 5,672 20,968 9,228 6,707 42,575
NET BOOK VALUE
At 30 September 2024 - 12,663 7,767 1,090 21,520
At 30 September 2023 - 5,174 14,501 3,001 22,676

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023 16,995
Transfer to ownership (16,995 )
At 30 September 2024 -
DEPRECIATION
At 1 October 2023 6,639
Charge for year 2,589
Transfer to ownership (9,228 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 10,356

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 126,385 93,681
Tax 848 -
Prepayments 1,220 2,445
128,453 96,126

AEROTECH AIRCRAFT MAINTENANCE LIMITED (REGISTERED NUMBER: 03439316)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 25,844 25,604
Hire purchase contracts - 5,479
Payments on account 40,000 2,115
Trade creditors 120,763 121,243
Corporation tax - 4,071
Social security and other taxes 29,517 10,758
VAT 23,361 12,648
Other creditors 2,195 2,386
Directors' current accounts 41,819 73,398
Accruals 7,686 9,727
291,185 267,429

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts - 1,826
Bank loans 37,298 63,385
37,298 65,211

8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 2,026 1,719

Deferred
tax
£   
Balance at 1 October 2023 1,719
Charge to Statement of Income and Retained Earnings during year 307
Balance at 30 September 2024 2,026

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary Shares of £1 each £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 October 2023 109,914
Deficit for the year (7,984 )
At 30 September 2024 101,930

AEROTECH AIRCRAFT MAINTENANCE LIMITED (REGISTERED NUMBER: 03439316)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Mr R Doherty
Balance outstanding at start of year - 13,295
Amounts advanced - 10,908
Amounts repaid - (24,203 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

12. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr R Doherty by virtue of his majority shareholding in the company.