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Complete Aircraft Parts Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 May 2024

Registration number: 12448888

 

Complete Aircraft Parts Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Complete Aircraft Parts Limited

Company Information

Director

Mr W H Crook

Registered office

Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon
EX2 7XE

Accountants

Francis Clark LLP
Chartered AccountantsCentenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE

 

Complete Aircraft Parts Limited

Balance Sheet

31 May 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

77,678

49,054

Cash at bank and in hand

 

-

652

 

77,678

49,706

Creditors: Amounts falling due within one year

5

(80,808)

(54,779)

Net liabilities

 

(3,130)

(5,073)

Capital and reserves

 

Called up share capital

7

100

100

Profit and loss account

(3,230)

(5,173)

Shareholders' deficit

 

(3,130)

(5,073)

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 18 July 2025
 

.........................................
Mr W H Crook
Director

Company Registration Number: 12448888

 

Complete Aircraft Parts Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon
EX2 7XE

These financial statements were authorised for issue by the director on 18 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Going concern

The balance sheet reflects a deficiency of assets totalling £3,130. The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. This depends on the continued financial support from trade creditors.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Complete Aircraft Parts Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2024

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Complete Aircraft Parts Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2024

Financial instruments

Classification
The company holds short term other debtors as financial instruments. All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.


 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

2024
£

2023
£

Trade debtors

-

2,209

Other debtors

77,678

46,845

77,678

49,054

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

15

-

Trade creditors

 

72,374

48,484

Taxation and social security

 

2,124

-

Accruals and deferred income

 

2,000

2,000

Other creditors

 

4,295

4,295

 

80,808

54,779

 

Complete Aircraft Parts Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2024

6

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

15

-

7

Share capital

Allotted, called up and not fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100