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Reports Dated : 13/08/2025 Registered Number: 03595581
England & Northern Ireland

 

 

 

VISION AEROSPACE LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 August 2024

End date: 31 March 2025
Directors G Mountford
J Mountford
R M De Roeck
Registered Number 03595581
Registered Office 61a High Street South
Rushden
Northants
NN10 0RA
Accountants Denton Tavara Ltd
61a High Street South
Rushden
NN10 0RA
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 March 2025.
Principal activities
Principal activity of the company during the financial period was of repair, service and maintenance of light aircraft.

Directors
The directors who served the company throughout the period were as follows:
G Mountford
J Mountford
R M De Roeck
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
G Mountford
Director
----------------------------------
R M De Roeck
Director

Date approved: 13 August 2025
2
Accountants report
You consider that the company is exempt from an audit for the year ended 31 March 2025 . You have acknowledged, on the Statement of Financial Position , your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................

Denton Tavara Ltd

61a High Street South
Rushden
NN10 0RA
13 August 2025
3
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 100,252    106,552 
Investments 4 261,541    261,541 
361,793    368,093 
Current assets      
Stocks 5 1,052,054    992,767 
Debtors 6 117,252    58,462 
Cash at bank and in hand 34,606    51,108 
1,203,912    1,102,337 
Creditors: amount falling due within one year 7 (217,490)   (229,938)
Net current assets 986,422    872,399 
 
Total assets less current liabilities 1,348,215    1,240,492 
Creditors: amount falling due after more than one year 8 (1,164,264)   (1,209,872)
Net assets 183,951    30,620 
 

Capital and reserves
     
Called up share capital 250    250 
Share premium account 9 49,900    49,900 
Profit and loss account 133,801    (19,530)
Shareholders' funds 183,951    30,620 
 


For the period ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 13 August 2025 and were signed on its behalf by:


-------------------------------
G Mountford
Director
-------------------------------
R M De Roeck
Director
4
General Information
Vision Aerospace Limited is a private company, limited by shares, registered in England & Northern Ireland, registration number 03595581, registration address 61a High Street South, Rushden, Northants, NN10 0RA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 20 (2024 : 20).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 August 2024 162,582    7,500    10,118    180,200 
Additions 3,930      1,879    5,809 
Disposals   (7,500)     (7,500)
At 31 March 2025 166,512      11,997    178,509 
Depreciation
At 01 August 2024 60,346    6,529    6,773    73,648 
Charge for period 10,616      522    11,138 
On disposals   (6,529)     (6,529)
At 31 March 2025 70,962      7,295    78,257 
Net book values
Closing balance as at 31 March 2025 95,550      4,702    100,252 
Opening balance as at 01 August 2024 102,236    971    3,345    106,552 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 August 2024 261,541    261,541 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 March 2025 261,541    261,541 

5.

Stocks

2025
£
  2024
£
Closing Stocks and WIP 1,052,054    992,767 
1,052,054    992,767 

6.

Debtors: amounts falling due within one year

2025
£
  2024
£
Trade Debtors 114,873    40,114 
Amount Owed by Group Undertakings   18,348 
VAT 2,379   
117,252    58,462 

7.

Creditors: amount falling due within one year

2025
£
  2024
£
Trade Creditors 116,664    122,961 
Amounts Owed to Group Undertakings 18,517   
PAYE & Social Security 9,830    10,112 
Other Creditors 72,479    71,871 
VAT   24,994 
217,490    229,938 

8.

Creditors: amount falling due after more than one year

2025
£
  2024
£
Other Creditors 113,105    165,113 
Directors' Loan Accounts 1,051,159    1,044,759 
1,164,264    1,209,872 

9.

Share premium account

2025
£
  2024
£
Equity Share Premium b/fwd 49,900    49,900 
49,900    49,900 

5