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Registration number: 12919265

All Heli Parts Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

All Heli Parts Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

All Heli Parts Limited

(Registration number: 12919265)
Statement of Financial Position as at 30 November 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

-

150

Cash at bank and in hand

 

1,192

5,271

 

1,192

5,421

Creditors: Amounts falling due within one year

5

(13,209)

(12,913)

Net liabilities

 

(12,017)

(7,492)

Capital and reserves

 

Called up share capital

6

10

1

Profit and loss account

(12,027)

(7,493)

Shareholders' deficit

 

(12,017)

(7,492)

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 6 August 2025 and signed on its behalf by:
 

.........................................
R K Bunyard
Director

 

All Heli Parts Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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:
Hangar Se7,
Gloucestershire Airport
Cheltenham
Gloucesterhsire
GL51 6SR
England and Wales

Principal activity

The principal activity of the company is the selling parts for aircraft.

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 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.

The financial statements are prepared in sterling which is the functional currency of the entity.

 

All Heli Parts Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 1).

 

All Heli Parts Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

4

Debtors

2024
£

2023
£

Other debtors

-

150

-

150

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Amounts owed to group undertakings and undertakings in which the company has a participating interest

4,038

8,047

Accruals and deferred income

9,171

4,866

13,209

12,913

6

Share capital

Authorised share capital

2024

2023

No.

£

No.

£

Ordinary shares of £0.10 each

10

1

10

1

       

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8

Parent and ultimate parent undertaking

The company's immediate parent is Castle Air Limited and its registered office is Castle Air Limited Head Office, Trebrown, Liskeard, Cornwall, PL14 3PX.