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REGISTERED NUMBER: 03161248 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AIR AND GROUND AVIATION LIMITED

AIR AND GROUND AVIATION LIMITED (REGISTERED NUMBER: 03161248)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AIR AND GROUND AVIATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: I W H Dodds





REGISTERED OFFICE: Aviation House
London Road
Shirleywich
Staffordshire
ST18 0PN





REGISTERED NUMBER: 03161248 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

AIR AND GROUND AVIATION LIMITED (REGISTERED NUMBER: 03161248)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,639 140,274

CURRENT ASSETS
Stocks 1,703,067 1,742,128
Debtors 5 58,503 32,104
Cash at bank and in hand 7,349 169,832
1,768,919 1,944,064
CREDITORS
Amounts falling due within one year 6 599,129 685,281
NET CURRENT ASSETS 1,169,790 1,258,783
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,272,429

1,399,057

CREDITORS
Amounts falling due after more than one year 7 - (127,964 )

PROVISIONS FOR LIABILITIES (5,268 ) (11,901 )
NET ASSETS 1,267,161 1,259,192

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Retained earnings 1,267,159 1,259,190
SHAREHOLDERS' FUNDS 1,267,161 1,259,192

AIR AND GROUND AVIATION LIMITED (REGISTERED NUMBER: 03161248)

BALANCE SHEET - continued
31 DECEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:





I W H Dodds - Director


AIR AND GROUND AVIATION LIMITED (REGISTERED NUMBER: 03161248)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Air and Ground Aviation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 4% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefit trusts (ebts)
Trusts have been established for the benefit of Company employees and certain of their dependants. Monies held in these trusts are held by independent trustees and managed at their discretion.

Where the company retains future economic benefit from, and has de facto control of the assets and liabilities of the trust, they are accounted for as assets and liabilities of the company until the earlier of the date that an allocation of trust funds to employees in respect of past services is declared and the date that assets of the trust vest in identified individuals.

Where monies held in a trust are determined by the company on the basis of employees' past services to the business and the company can obtain no future economic benefit from those monies, such monies, whether in the trust or accrued for by the company are charged to the profit and loss account in the period to which they relate.

AIR AND GROUND AVIATION LIMITED (REGISTERED NUMBER: 03161248)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Employer-financed retirement benefit schemes (efrbs)
The company has established trusts for the benefit of employees and persons connected with them. Monies held in these trusts are held by independent trustees and managed at their discretion. The trustees are empowered to provide both retirement and other employee benefits.

Where the company retains future economic benefit from, and has de facto control of the assets and liabilities of the company until the earlier of the date that an allocation of trust funds to employees in respect of past services is declared and the date that assets of the trust vest in identified individuals.

Where monies held in a trust are determined by the company on the basis of employees' past service to the business and the company can obtain no future economic benefit from those monies, such monies, whether in the trust or accrued for by the company are charged to the profit and loss account in the period to which they relate.

Where monies held in trust are determined by the company on the basis of employees' past services to the business and are payable after completion of the employment, such monies are charged to the profit and loss account in the period during which services are rendered by employees.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
Cost
At 1 January 2024 276,804 631,217 217,895
Additions - - 3,080
At 31 December 2024 276,804 631,217 220,975
Depreciation
At 1 January 2024 184,134 610,151 213,361
Charge for year 11,104 14,854 4,839
At 31 December 2024 195,238 625,005 218,200
Net book value
At 31 December 2024 81,566 6,212 2,775
At 31 December 2023 92,670 21,066 4,534

AIR AND GROUND AVIATION LIMITED (REGISTERED NUMBER: 03161248)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
Cost
At 1 January 2024 24,815 27,272 1,178,003
Additions - 2,705 5,785
At 31 December 2024 24,815 29,977 1,183,788
Depreciation
At 1 January 2024 17,937 12,146 1,037,729
Charge for year 6,203 6,420 43,420
At 31 December 2024 24,140 18,566 1,081,149
Net book value
At 31 December 2024 675 11,411 102,639
At 31 December 2023 6,878 15,126 140,274

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,398 290
Other debtors 33,105 31,814
58,503 32,104

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 202,688 408,176
Trade creditors 62,948 75,180
Amounts owed to group undertakings 122,376 11,225
Taxation and social security 73,444 59,398
Other creditors 137,673 131,302
599,129 685,281

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 127,964

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 475 1,232
Between one and five years - 475
475 1,707

AIR AND GROUND AVIATION LIMITED (REGISTERED NUMBER: 03161248)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The company is a fully owned subsidiary of Air and Ground Aviation Holdings Limited.

The ultimate controlling party is I W H Dodds.