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REGISTERED NUMBER: 07299468 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

A T AVIATION SALES LIMITED

A T AVIATION SALES LIMITED (REGISTERED NUMBER: 07299468)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A T AVIATION SALES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTOR: Mr A M Twemlow





REGISTERED OFFICE: Rubis House
15 Friarn Street
Bridgwater
Somerset
TA6 3LH





REGISTERED NUMBER: 07299468 (England and Wales)





ACCOUNTANTS: Aspen Waite Limited
Chartered Accountants
Rubis House
15 Friarn Street
Bridgwater
Somerset
TA6 3LH

A T AVIATION SALES LIMITED (REGISTERED NUMBER: 07299468)

BALANCE SHEET
31ST MAY 2024

31/5/24 31/5/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 668,870 721,053

CURRENT ASSETS
Stocks 1,848,089 1,200,004
Debtors 5 1,662,134 1,071,055
Cash at bank - 162,875
3,510,223 2,433,934
CREDITORS
Amounts falling due within one year 6 (2,407,811 ) (2,094,848 )
NET CURRENT ASSETS 1,102,412 339,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,771,282

1,060,139

CREDITORS
Amounts falling due after more than one year 7 (435,439 ) (514,173 )

PROVISIONS FOR LIABILITIES (79,671 ) (77,470 )
NET ASSETS 1,256,172 468,496

CAPITAL AND RESERVES
Called up share capital 600,100 100
Retained earnings 656,072 468,396
1,256,172 468,496

A T AVIATION SALES LIMITED (REGISTERED NUMBER: 07299468)

BALANCE SHEET - continued
31ST MAY 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 and authorised for issue by the director and authorised for issue on 26th June 2025 and were signed by:





Mr A M Twemlow - Director


A T AVIATION SALES LIMITED (REGISTERED NUMBER: 07299468)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

A T Aviation Sales 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

From 1st September 2020, revenue recognition is now based on income received from the facilitation of aircraft sales.

At the partner's request, turnover is now classed with the full sale and expenses in purchases of completed sales.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 10 years
Plant and machinery - 25% on cost and Straight line over 20 years
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance, 20% on cost and not provided
Equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
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.


A T AVIATION SALES LIMITED (REGISTERED NUMBER: 07299468)

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

2. ACCOUNTING POLICIES - continued
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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st June 2023 131,796 1,080,742 80,775
Additions - - 3,385
At 31st May 2024 131,796 1,080,742 84,160
DEPRECIATION
At 1st June 2023 38,650 595,644 12,760
Charge for year 13,310 30,540 8,474
At 31st May 2024 51,960 626,184 21,234
NET BOOK VALUE
At 31st May 2024 79,836 454,558 62,926
At 31st May 2023 93,146 485,098 68,015

A T AVIATION SALES LIMITED (REGISTERED NUMBER: 07299468)

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

4. TANGIBLE FIXED ASSETS - continued

Motor
vehicles Equipment Totals
£    £    £   
COST
At 1st June 2023 126,710 12,838 1,432,861
Additions 5,727 4,173 13,285
At 31st May 2024 132,437 17,011 1,446,146
DEPRECIATION
At 1st June 2023 54,285 10,469 711,808
Charge for year 11,723 1,421 65,468
At 31st May 2024 66,008 11,890 777,276
NET BOOK VALUE
At 31st May 2024 66,429 5,121 668,870
At 31st May 2023 72,425 2,369 721,053

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 1,493,530 813,246
Amounts owed by group undertakings - 78,220
Amounts owed by associates - 24,411
Other debtors 59,307 -
VAT 3,297 46,595
Prepayments and accrued income 106,000 106,000
Prepayments - 2,583
1,662,134 1,071,055

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 164,696 -
Other loans 364,501 175,692
Trade creditors 664,896 136,305
Amounts owed to group undertakings - 31,870
Corporation tax 64,911 -
Social security and other taxes 8,050 1,496
Net Wages - 4,322
Accruals and deferred income 1,140,757 1,745,163
2,407,811 2,094,848

A T AVIATION SALES LIMITED (REGISTERED NUMBER: 07299468)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Other loans - more than 1 year - 214,356
Hire purchase contracts 43,381 51,758
Directors' loan accounts 392,058 248,059
435,439 514,173

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 32,823 -