| REGISTERED NUMBER: |
| Financial Statements |
| for the Period 1 December 2023 to 30 June 2024 |
| for |
| Aero Anglia Limited |
| REGISTERED NUMBER: |
| Financial Statements |
| for the Period 1 December 2023 to 30 June 2024 |
| for |
| Aero Anglia Limited |
| Aero Anglia Limited (Registered number: 03702091) |
| Contents of the Financial Statements |
| for the Period 1 December 2023 to 30 June 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Aero Anglia Limited |
| Company Information |
| for the Period 1 December 2023 to 30 June 2024 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Eldo House |
| Kempson Way |
| Suffolk Business Park |
| Bury St Edmunds |
| Suffolk |
| IP32 7AR |
| Aero Anglia Limited (Registered number: 03702091) |
| Statement of Financial Position |
| 30 June 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the director and authorised for issue on |
| Aero Anglia Limited (Registered number: 03702091) |
| Notes to the Financial Statements |
| for the Period 1 December 2023 to 30 June 2024 |
| 1. | STATUTORY INFORMATION |
| Aero Anglia Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents services provided and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Where a service is incomplete at the financial year end, an appropriate amount is included in turnover based on the stage of completion of the transaction. Related uninvoiced amounts are included in amounts recoverable on contracts in the Statement of Financial Position. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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. |
| Financial instruments |
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties. |
| Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method. |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement. |
| Aero Anglia Limited (Registered number: 03702091) |
| Notes to the Financial Statements - continued |
| for the Period 1 December 2023 to 30 June 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the period 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
| 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. |
| Change of accounting reference date |
| Following the demerger of the Colne Valley Aviation group from the Colne Valley Electrical group on 27 June 2024, the company changed its accounting reference date from 30 November to 30 June. Accordingly, these financial statements cover the seven month period ended 30 June 2024 with the comparative figures covering the twelve month period ended 30 November 2023. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| Aero Anglia Limited (Registered number: 03702091) |
| Notes to the Financial Statements - continued |
| for the Period 1 December 2023 to 30 June 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 December 2023 |
| and 30 June 2024 |
| DEPRECIATION |
| At 1 December 2023 |
| Charge for period |
| At 30 June 2024 |
| NET BOOK VALUE |
| At 30 June 2024 |
| At 30 November 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | 1 | 100 | 100 |
| Ordinary B | 1 | 20 | 20 |
| 120 | 120 |
| Aero Anglia Limited (Registered number: 03702091) |
| Notes to the Financial Statements - continued |
| for the Period 1 December 2023 to 30 June 2024 |
| 8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 9. | CONTROLLING PARTY |
| On 27 June 2024 Colne Valley Aviation Limited and its subsidiaries, which includes this company, were demerged from the group headed up by Colne Valley Electrical Limited. Following the demerger, the controlling party became Colne Valley Aviation Holdings Ltd whose registered office is at Earls Colne Airfield, Earls Colne, Essex, C06 2NS. |