BrightAccountsProduction v1.0.0 v1.0.0 2023-10-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company in the year under review was that of the installation and maintenance of pneumatic tube systems. 7 January 2025 27 24 03981809 2024-09-30 03981809 2023-09-30 03981809 2022-09-30 03981809 2023-10-01 2024-09-30 03981809 2022-10-01 2023-09-30 03981809 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03981809 uk-curr:PoundSterling 2023-10-01 2024-09-30 03981809 uk-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03981809 uk-bus:FullAccounts 2023-10-01 2024-09-30 03981809 uk-core:ShareCapital 2024-09-30 03981809 uk-core:ShareCapital 2023-09-30 03981809 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 03981809 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 03981809 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 03981809 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 03981809 uk-bus:FRS102 2023-10-01 2024-09-30 03981809 uk-core:Land 2023-10-01 2024-09-30 03981809 uk-core:PlantMachinery 2023-10-01 2024-09-30 03981809 uk-core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 03981809 uk-bus:Audited 2023-10-01 2024-09-30 03981809 uk-core:CostValuation 2024-09-30 03981809 uk-core:CurrentFinancialInstruments 2024-09-30 03981809 uk-core:CurrentFinancialInstruments 2023-09-30 03981809 uk-core:CurrentFinancialInstruments 2024-09-30 03981809 uk-core:CurrentFinancialInstruments 2023-09-30 03981809 uk-core:WithinOneYear 2024-09-30 03981809 uk-core:WithinOneYear 2023-09-30 03981809 uk-core:ParentEntities 2023-10-01 2024-09-30 03981809 2023-10-01 2024-09-30 03981809 uk-bus:Director1 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
Aerocom (UK) Limited
 
Financial Statements
 
for the financial year ended 30 September 2024



Aerocom (UK) Limited
Company Registration Number: 03981809
BALANCE SHEET
as at 30 September 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 5 15,763 10,073
Investments 6 200,000 200,000
───────── ─────────
Fixed Assets 215,763 210,073
───────── ─────────
 
Current Assets
Stocks 7 429,254 411,669
Debtors 8 2,758,031 2,001,906
Cash and cash equivalents 621,783 1,068,607
───────── ─────────
3,809,068 3,482,182
───────── ─────────
Creditors: amounts falling due within one year 9 (615,277) (978,704)
───────── ─────────
Net Current Assets 3,193,791 2,503,478
───────── ─────────
Total Assets less Current Liabilities 3,409,554 2,713,551
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 3,409,454 2,713,451
───────── ─────────
Equity attributable to owners of the company 3,409,554 2,713,551
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
Approved by the Board and authorised for issue on 7 January 2025 and signed on its behalf by
           
           
________________________________          
Thomas Hughes          
Director          
           



Aerocom (UK) Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2024

   
1. General Information
 
Aerocom (UK) Limited is a private company, limited by shares, incorporated and registered in England. The registered number of the company is 03981809. The registered office of the company is 12 Vickery Way, Chetwynd Business Park, Nottingham, NG9 6RY, England which is also the principal place of business of the company.The financial statements are presented in Pound Sterling (£) which is also the functional currency of the company.
These financial statements cover the individual entity for the year ended 30th September 2024.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 September 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
SALE OF GOODS
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
Turnover is measured at the fair value of the consideration received or receivable and represents the amount recoverable for goods supplied, net of returns, discounts, rebates and value added tax. The company recognises revenue when ;
a the significant risks and rewards have been transferred to the buyer
b the company retains no continuing involvement or control over the goods
c the amount of the revenue can be reliably measured
d it is probable that future economic benefits will flow to the entity
e when the specific criteria relating to each of the company's sales channels have been met

LONG TERM CONTRACTS
Turnover on long term contracts is recognised when future outcome on contracts can be assessed with reasonable certainty. Profits are recognised on a prudent basis in proportion to the amount of the contract completed taking into account any known inequalities of profitability in the various stages of the contract. Provision is made for any foreseeable losses where appropriate. Cumulative turnover (ie the total turnover recorded in respect of the contract in the profit and loss accounts of all accounting periods since inception of the contract) is compared with total payments on account. If turnover exceeds payments on account "accounts receivable on contracts" are established and disclosed within debtors. If payments on account are greater than turnover to date, the excess is classified within creditors.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Long leasehold property - 20% Reducing balance
  Plant and machinery - 20% Reducing balance
  Fixtures, fittings and equipment - 33% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing
Rentals payable under operating leases are dealt with in the Profit and Loss Account as incurred over the period of the rental agreement.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the financial year in which it is receivable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value 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 receivables 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 rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. INFORMATION RELATING TO THE AUDITOR'S REPORT
 
The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.
 
The financial statements were audited by John MacMahon & Co.
The Auditor's Report was signed by John McGinn (Senior Statutory Auditor) for and on behalf of John MacMahon & Co on 7th January 2025.
 
       
4. Employees
 
The average monthly number of employees, including directors, during the financial year was;
 
  2024 2023
  Number Number
 
Employees 27 24
  ═════════ ═════════
           
5. Tangible assets
  Long Plant and Fixtures, Total
  leasehold machinery fittings and  
  property   equipment  
  £ £ £ £
Cost
At 1 October 2023 109,427 43,243 - 152,670
Additions - - 8,150 8,150
  ───────── ───────── ───────── ─────────
At 30 September 2024 109,427 43,243 8,150 160,820
  ───────── ───────── ───────── ─────────
Depreciation
At 1 October 2023 102,998 39,599 - 142,597
Charge for the financial year 1,166 366 928 2,460
  ───────── ───────── ───────── ─────────
At 30 September 2024 104,164 39,965 928 145,057
  ───────── ───────── ───────── ─────────
Net book value
At 30 September 2024 5,263 3,278 7,222 15,763
  ═════════ ═════════ ═════════ ═════════
At 30 September 2023 6,429 3,644 - 10,073
  ═════════ ═════════ ═════════ ═════════
       
6. Investments
  Other Total
  investments  
     
Investments £ £
Cost
 
At 30 September 2024 200,000 200,000
  ───────── ─────────
Net book value
At 30 September 2024 200,000 200,000
  ═════════ ═════════
At 30 September 2023 200,000 200,000
  ═════════ ═════════
       
7. Stocks 2024 2023
  £ £
 
Finished goods and goods for resale 429,254 411,669
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
8. Debtors 2024 2023
  £ £
 
Trade debtors 631,133 466,981
Amounts owed by group undertakings 1,978,938 1,477,938
Other debtors 65,000 15,000
Taxation  (Note 10) 44,346 -
Prepayments and accrued income 38,614 41,987
  ───────── ─────────
  2,758,031 2,001,906
  ═════════ ═════════
 
Other debtors include amounts repayable in greater than one year of £50,000.

Intercompany balances are repayable on demand.
       
9. Creditors 2024 2023
Amounts falling due within one year £ £
 
Trade creditors 17,314 265,472
Taxation  (Note 10) 118,545 222,665
Other creditors 38 38
Accruals:
Pension accrual 4,269 -
Other accruals 475,111 490,529
  ───────── ─────────
  615,277 978,704
  ═════════ ═════════
       
10. Taxation 2024 2023
  £ £
 
Debtors:
Corporation tax 44,346 -
  ═════════ ═════════
Creditors:
VAT 81,671 20,327
Corporation tax - 168,672
PAYE / NI 36,874 33,666
  ───────── ─────────
  118,545 222,665
  ═════════ ═════════
           
11. Related party transactions
The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.
   
12. Parent company
 
The company regards Aerocom (Holdings) Limited as its parent company & ultimate parent company. The address of the parent company is 12 Vickery Way, Chetwynd Business Park, Nottingham, England, NG9 6RY. Aerocom (Holdings) Limited is regarded as both the controlling and ultimate controlling party of Aerocom (UK) Limited.
 
       
13. Financial commitments and guarantees
 
The company operates a defined contribution pension scheme the benefit of employees.  The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date there were outstanding contributions totalling £4,269 (2023: £nil). These are included in creditors, amounts falling due within one year.