Company Registration No. 09485017 (England and Wales)
Vector Aviation Training Limited
Unaudited accounts
for the year ended 31 March 2025
Vector Aviation Training Limited
Unaudited accounts
Contents
Vector Aviation Training Limited
Statement of financial position
as at 31 March 2025
Tangible assets
122,093
119,883
Cash at bank and in hand
40,898
34,472
Creditors: amounts falling due within one year
(42,195)
(46,290)
Net current assets
42,890
29,592
Total assets less current liabilities
164,983
149,475
Creditors: amounts falling due after more than one year
(77,178)
(83,871)
Provisions for liabilities
Deferred tax
(10,798)
(11,644)
Called up share capital
100
100
Profit and loss account
76,907
53,860
Shareholders' funds
77,007
53,960
For the year ending 31 March 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by
Captain Derek Garner
Director
Company Registration No. 09485017
Vector Aviation Training Limited
Notes to the Accounts
for the year ended 31 March 2025
Vector Aviation Training Limited is a private company, limited by shares, registered in England and Wales, registration number 09485017. The registered office is 31, Burrs Close, Bury, BL8 1JU, United Kingdom.
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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.
These financial statements for the year ended 31 March 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Goodwill
Vector Aviation Training Limited
Notes to the Accounts
for the year ended 31 March 2025
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
13,573
118,005
131,578
Additions
2,855
72,999
75,854
Disposals
-
(54,950)
(54,950)
At 31 March 2025
16,428
136,054
152,482
At 1 April 2024
7,754
3,941
11,695
Charge for the year
2,930
15,764
18,694
At 31 March 2025
10,684
19,705
30,389
At 31 March 2025
5,744
116,349
122,093
At 31 March 2024
5,819
114,064
119,883
Amounts falling due within one year
Trade debtors
26,738
27,977
Accrued income and prepayments
308
296
Other debtors
17,141
13,137
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
11,380
18,034
Obligations under finance leases and hire purchase contracts
9,842
11,462
Trade creditors
2,803
11,287
Taxes and social security
10,170
4,607
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Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
77,178
83,871
The above loan is unsecured, interest free and repayable on demand.
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Average number of employees
During the year the average number of employees was 2 (2024: 2).