Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Ms A J L Schtroy 25/09/2012 16 June 2025 The principal activity of the company in the year under review was that of aviation services. 08227342 2024-09-30 08227342 bus:Director1 2024-09-30 08227342 2023-09-30 08227342 core:CurrentFinancialInstruments 2024-09-30 08227342 core:CurrentFinancialInstruments 2023-09-30 08227342 core:Non-currentFinancialInstruments 2024-09-30 08227342 core:Non-currentFinancialInstruments 2023-09-30 08227342 core:ShareCapital 2024-09-30 08227342 core:ShareCapital 2023-09-30 08227342 core:RetainedEarningsAccumulatedLosses 2024-09-30 08227342 core:RetainedEarningsAccumulatedLosses 2023-09-30 08227342 core:FurnitureFittings 2023-09-30 08227342 core:ComputerEquipment 2023-09-30 08227342 core:FurnitureFittings 2024-09-30 08227342 core:ComputerEquipment 2024-09-30 08227342 bus:OrdinaryShareClass1 2024-09-30 08227342 2023-10-01 2024-09-30 08227342 bus:FilletedAccounts 2023-10-01 2024-09-30 08227342 bus:SmallEntities 2023-10-01 2024-09-30 08227342 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 08227342 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08227342 bus:Director1 2023-10-01 2024-09-30 08227342 core:FurnitureFittings core:TopRangeValue 2023-10-01 2024-09-30 08227342 core:ComputerEquipment core:TopRangeValue 2023-10-01 2024-09-30 08227342 2022-10-01 2023-09-30 08227342 core:FurnitureFittings 2023-10-01 2024-09-30 08227342 core:ComputerEquipment 2023-10-01 2024-09-30 08227342 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 08227342 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08227342 (England and Wales)

AVIACTION LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

AVIACTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024

Contents

AVIACTION LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
AVIACTION LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
DIRECTOR Ms A J L Schtroy
REGISTERED OFFICE Wey Court West
Union Road
Farnham
GU9 7PT
United Kingdom
COMPANY NUMBER 08227342 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
AVIACTION LIMITED

BALANCE SHEET

AS AT 30 SEPTEMBER 2024
AVIACTION LIMITED

BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 789 1,943
789 1,943
Current assets
Debtors 4 0 123
Cash at bank and in hand 6,141 6,225
6,141 6,348
Creditors: amounts falling due within one year 5 ( 38,463) ( 28,608)
Net current liabilities (32,322) (22,260)
Total assets less current liabilities (31,533) (20,317)
Creditors: amounts falling due after more than one year 6 ( 2,357) ( 4,324)
Net liabilities ( 33,890) ( 24,641)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 33,990 ) ( 24,741 )
Total shareholder's deficit ( 33,890) ( 24,641)

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of AVIACTION LIMITED (registered number: 08227342) were approved and authorised for issue by the Director on 16 June 2025. They were signed on its behalf by:

Ms A J L Schtroy
Director
AVIACTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
AVIACTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

AVIACTION LIMITED (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wey Court West, Union Road, Farnham, GU9 7PT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis despite the negative reserves. The Director has provided support to the company and will continue to do so whilst the company requires this.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 4 years straight line
Computer equipment 3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 01 October 2023 2,038 16,694 18,732
At 30 September 2024 2,038 16,694 18,732
Accumulated depreciation
At 01 October 2023 864 15,925 16,789
Charge for the financial year 429 725 1,154
At 30 September 2024 1,293 16,650 17,943
Net book value
At 30 September 2024 745 44 789
At 30 September 2023 1,174 769 1,943

4. Debtors

2024 2023
£ £
VAT recoverable 0 123

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 1,977 1,934
Amounts owed to director 35,282 25,574
Accruals 950 1,100
Other taxation and social security 254 0
38,463 28,608

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 2,357 4,324

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Ultimate controlling party

The controlling party is Ms A J L Schtroy.