Acorah Software Products - Accounts Production 16.4.660 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 09313458 A McKechnie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09313458 2024-02-29 09313458 2025-02-28 09313458 2024-03-01 2025-02-28 09313458 frs-core:CurrentFinancialInstruments 2025-02-28 09313458 frs-core:Non-currentFinancialInstruments 2025-02-28 09313458 frs-core:ComputerEquipment 2025-02-28 09313458 frs-core:ComputerEquipment 2024-03-01 2025-02-28 09313458 frs-core:ComputerEquipment 2024-02-29 09313458 frs-core:FurnitureFittings 2024-03-01 2025-02-28 09313458 frs-core:MotorVehicles 2025-02-28 09313458 frs-core:MotorVehicles 2024-03-01 2025-02-28 09313458 frs-core:MotorVehicles 2024-02-29 09313458 frs-core:PlantMachinery 2025-02-28 09313458 frs-core:PlantMachinery 2024-03-01 2025-02-28 09313458 frs-core:PlantMachinery 2024-02-29 09313458 frs-core:ShareCapital 2025-02-28 09313458 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 09313458 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 09313458 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 09313458 frs-bus:SmallEntities 2024-03-01 2025-02-28 09313458 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 09313458 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 09313458 frs-core:CostValuation 2024-02-29 09313458 frs-core:DisposalsRepaymentsInvestments 2025-02-28 09313458 frs-core:RevaluationsIncreaseDecreaseInInvestments 2025-02-28 09313458 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments 2025-02-28 09313458 frs-core:CostValuation 2025-02-28 09313458 frs-core:ProvisionsForImpairmentInvestments 2024-02-29 09313458 frs-core:ProvisionsForImpairmentInvestments 2025-02-28 09313458 frs-bus:Director1 2024-03-01 2025-02-28 09313458 frs-countries:EnglandWales 2024-03-01 2025-02-28 09313458 2023-02-28 09313458 2024-02-29 09313458 2023-03-01 2024-02-29 09313458 frs-core:CurrentFinancialInstruments 2024-02-29 09313458 frs-core:Non-currentFinancialInstruments 2024-02-29 09313458 frs-core:ShareCapital 2024-02-29 09313458 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 09313458
McKechnie Aviation Ltd.
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09313458
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,837 12,283
Investments 5 81,465 191,480
90,302 203,763
CURRENT ASSETS
Debtors 6 1,359 6,945
Cash at bank and in hand 3,295 14,775
4,654 21,720
Creditors: Amounts Falling Due Within One Year 7 (11,163 ) (25,491 )
NET CURRENT ASSETS (LIABILITIES) (6,509 ) (3,771 )
TOTAL ASSETS LESS CURRENT LIABILITIES 83,793 199,992
Creditors: Amounts Falling Due After More Than One Year 8 (5,330 ) (14,287 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,679 ) (2,345 )
NET ASSETS 76,784 183,360
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 75,784 182,360
SHAREHOLDERS' FUNDS 76,784 183,360
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
A McKechnie
Director
29/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
McKechnie Aviation Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 09313458 . The registered office is 2 Batts Pond Lane, Dropping Holms, Henfield, BN5 9YU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on cost
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:  1 (2024: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2024 1,436 46,340 5,278 53,054
Disposals - - (222 ) (222 )
As at 28 February 2025 1,436 46,340 5,056 52,832
Depreciation
As at 1 March 2024 1,436 35,343 3,992 40,771
Provided during the period - 2,749 697 3,446
Disposals - - (222 ) (222 )
As at 28 February 2025 1,436 38,092 4,467 43,995
Net Book Value
As at 28 February 2025 - 8,248 589 8,837
As at 1 March 2024 - 10,997 1,286 12,283
5. Investments
Other
£
Cost
As at 1 March 2024 191,480
Disposals (124,289 )
Revaluations 1,375
Fair value adjustments 12,899
As at 28 February 2025 81,465
Provision
As at 1 March 2024 -
As at 28 February 2025 -
Net Book Value
As at 28 February 2025 81,465
As at 1 March 2024 191,480
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 5,610
Other debtors 1,359 1,335
1,359 6,945
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 396 471
Bank loans and overdrafts 8,957 8,734
Other creditors 1,810 3,231
Taxation and social security - 13,055
11,163 25,491
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 5,330 14,287
Included within bank loans due within one year and more than one year is £14,287 (2024: £23,021) in respect of an unsecured bank loan which is guaranteed by the government under the Bounce Back Loan Scheme.
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
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