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Company Registration No. 15168350 (England and Wales)
Gas Turbine Aviation Ltd Unaudited accounts for the period from 27 September 2023 to 30 September 2024
Gas Turbine Aviation Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Gas Turbine Aviation Ltd Company Information for the period from 27 September 2023 to 30 September 2024
Director
Damon Bowden
Company Number
15168350 (England and Wales)
Registered Office
11 Ffordd Y Coetir LLanilid Pontyclun CF72 4AH
Accountants
STAS Ltd 253 Cowbridge Road West Cardiff CF5 5TD
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Gas Turbine Aviation Ltd Statement of financial position as at 30 September 2024
2024
Notes
£
Fixed assets
Tangible assets
4
878
Current assets
Debtors
5
30,836
Cash at bank and in hand
74,684
105,520
Creditors: amounts falling due within one year
6
(57,507)
Net current assets
48,013
Net assets
48,891
Capital and reserves
Called up share capital
1
Profit and loss account
48,890
Shareholders' funds
48,891
For the period ending 30 September 2024 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 director acknowledges his 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 and authorised for issue on 20 June 2025 and were signed on its behalf by
Damon Bowden Director Company Registration No. 15168350
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Gas Turbine Aviation Ltd Notes to the Accounts for the period from 27 September 2023 to 30 September 2024
1
Statutory information
Gas Turbine Aviation Ltd is a private company, limited by shares, registered in England and Wales, registration number 15168350. The registered office is 11 Ffordd Y Coetir, LLanilid, Pontyclun, CF72 4AH.
2
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 27 September 2023
1,084
At 30 September 2024
1,084
Depreciation
At 27 September 2023
206
At 30 September 2024
206
Net book value
At 30 September 2024
878
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Gas Turbine Aviation Ltd Notes to the Accounts for the period from 27 September 2023 to 30 September 2024
5
Debtors
2024
£
Amounts falling due within one year
Trade debtors
30,836
6
Creditors: amounts falling due within one year
2024
£
VAT
13,182
Taxes and social security
42,749
Other creditors
776
Accruals
800
57,507
7
Average number of employees
During the period the average number of employees was 3.
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