Registration number:
Wind Power Aviation Consultants Limited
for the Year Ended 28 February 2025
Wind Power Aviation Consultants Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Wind Power Aviation Consultants Limited
Company Information
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Directors |
Mr J W Taylor Mrs V A Taylor Mr S Taylor Mr J P Taylor |
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Company secretary |
Mrs V A Taylor |
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Registered office |
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Accountants |
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Wind Power Aviation Consultants Limited
(Registration number: 06811887)
Balance Sheet as at 28 February 2025
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2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
Wind Power Aviation Consultants Limited
(Registration number: 06811887)
Balance Sheet as at 28 February 2025 (continued)
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Wind Power Aviation Consultants Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025
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General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
These financial statements were authorised for issue by the
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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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
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 sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Wind Power Aviation Consultants Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)
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Accounting policies (continued) |
Tax
The tax expense for the period comprises current and deferred 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 income 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.
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.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Plant and Machinery |
25% Reducing Balance |
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Motor Vehicles |
25% Reducing Balance |
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Fixtures and Fittings |
25% Reducing Balance |
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Computer Equipment |
33% Reducing Balance |
Wind Power Aviation Consultants Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)
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Accounting policies (continued) |
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Financial instruments
Classification
Recognition and measurement
At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Wind Power Aviation Consultants Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)
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Intangible assets |
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Goodwill |
Total |
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Cost or valuation |
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At 1 March 2024 |
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At 28 February 2025 |
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Amortisation |
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At 1 March 2024 |
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At 28 February 2025 |
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Carrying amount |
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At 28 February 2025 |
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Wind Power Aviation Consultants Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)
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Tangible assets |
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Fixtures and fittings |
Plant and machinery |
Computer equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 March 2024 |
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Additions |
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Disposals |
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At 28 February 2025 |
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Depreciation |
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At 1 March 2024 |
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Charge for the year |
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Eliminated on disposal |
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At 28 February 2025 |
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Carrying amount |
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At 28 February 2025 |
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At 29 February 2024 |
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Debtors |
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Current |
2025 |
2024 |
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Trade debtors |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
Wind Power Aviation Consultants Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)
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Creditors (continued) |
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2025 |
2024 |
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Due within one year |
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Taxation and social security |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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32 |
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32 |
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Dividends |
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2025 |
2024 |
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£ |
£ |
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Interim dividend of £ |
152,000 |
109,100 |
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Related party transactions |
Wind Power Aviation Consultants Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)
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10 |
Related party transactions (continued) |
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Transactions with directors |
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2025 |
At 1 March 2024 |
Advances to director |
Other payments made to company by director |
At 28 February 2025 |
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Mr J W Taylor |
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The loans are charged with interest at HMRC rates and repayable on demand. |
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(103,092) |
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Mrs V A Taylor |
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The loans are charged with interest at HMRC rates and repayable on demand. |
( |
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(208) |
( |
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Mr S Taylor |
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The loans are charged with interest at HMRC rates and repayable on demand. |
( |
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(208) |
( |
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Mr J P Taylor |
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The loans are charged with interest at HMRC rates and repayable on demand. |
( |
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(208) |
( |