| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 September 2024 |
| for |
| Aerospace International Services Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 September 2024 |
| for |
| Aerospace International Services Limited |
| Aerospace International Services Limited (Registered number: 04051903) |
| 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 |
| Aerospace International Services Limited |
| Company Information |
| for the Year Ended 30 September 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 123 Pall Mall |
| St. James's |
| London |
| SW1Y 5EA |
| BANKERS: |
| Westminster |
| London W1B |
| Aerospace International Services Limited (Registered number: 04051903) |
| Balance Sheet |
| 30 September 2024 |
| 30.9.24 | 30.9.23 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 8 | ( |
) |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Aerospace International Services Limited (Registered number: 04051903) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2024 |
| 1. | STATUTORY INFORMATION |
| Aerospace International Services Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company's functional and presentational currency is GBP and rounded to the nearest £. |
| Going concern |
| After reviewing the company's forecasts and projections, taking into account possible changes in trading performance due to current economic conditions, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. |
| Turnover |
| Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. |
| Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the service provided to that date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Development costs are capitalised only after they can be measured reliably and if technical, commercial feasibility of the asset for sale or use have been established. Development costs are reviewed at the end of every accounting period to ensure that the recognition criteria are still met. Amortisation begins only once commercial production has started or when the developed product or service comes into use. |
| Development costs are being amortised evenly over their estimated useful life of 3-5 years. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Tangible fixed assets are stated at cost less depreciation. |
| Taxation |
| Taxation for the year comprises current 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 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. |
| Foreign currencies |
| Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Investments |
| Investments held as fixed assets are stated at director's valuation, based on the net asset value of the subsidiary companies shown in the latest financial statement of those companies. Gains and losses on revaluation are recognised in a revaluation reserve. |
| Aerospace International Services Limited (Registered number: 04051903) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Preparation of consolidated financial statements |
| The financial statements contain information about Aerospace International Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 399 paragraph 2A of the Companies Act 2006 not to prepare consolidated financial statements. |
| Trade and other debtors |
| Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts. |
| Trade and other creditors |
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company does not have long term creditors. |
| Cash and cash equivalents |
| Cash and cash equivalents comprise cash held on demand with banks. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Development |
| costs |
| £ |
| COST |
| At 1 October 2023 |
| and 30 September 2024 |
| AMORTISATION |
| At 1 October 2023 |
| Amortisation for year |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 5. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 1 October 2023 |
| and 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| and 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| Aerospace International Services Limited (Registered number: 04051903) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Directors' current accounts | - | 2,000 |
| VAT |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Trade creditors |
| AMEX |
| Natwest Credit card | 1,494 | - |
| Directors' current accounts | 848 | - |
| Deferred income |
| Accrued expenses |
| 8. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 October 2023 | ( |
) |
| Revaluation of investments | 5,220 |
| At 30 September 2024 |
| 9. | RELATED PARTY DISCLOSURES |
| During the year, the company was charged £26,546 (2023: £38,495) by QFE Brochain, a French entity in which P Brochain is a shareholder and director. |
| At 30 September 2024 Capinvest Holdings Limited, the parent company, owed £61,129 (2023:£59,401) to Aerospace International Services Limited. |
| At 30 September 2024, the Company's Director Loan account had a balance of £848 (2023: £2,000 debit). This was repaid by the director within 9 months after the reporting date. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is Mr P Brochain. |