KENNET AVIATION LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11272745

		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		92,386		231,662

			92,386		231,662
CURRENT ASSETS
Debtors	5	49,047		89,298
Cash at bank and in hand		5,024		30,038

		54,071		119,336
Creditors: Amounts Falling Due Within One Year	6	(125,066 )		(187,797 )

NET CURRENT ASSETS (LIABILITIES)			(70,995 )		(68,461 )

TOTAL ASSETS LESS CURRENT LIABILITIES			21,391		163,201

Creditors: Amounts Falling Due After More Than One Year	7		(2,153,655 )		(2,065,547 )

NET LIABILITIES			(2,132,264 )		(1,902,346 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(2,132,364 )		(1,902,446 )

SHAREHOLDERS' FUNDS			(2,132,264)		(1,902,346)

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KENNET AVIATION LTD

Balance Sheet (continued)

As At 31 March 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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

Mr Andrew Done

Director

27/08/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

KENNET AVIATION LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11272745 . The registered office is Home Farm House, Old Warden Park, Bedfordshire, SG18 9DU.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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	20% SL
Fixtures & Fittings	20% SL
Computer Equipment	25% SL

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 17 (2024: 16)

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KENNET AVIATION LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	631,808	3,444	635,252
Additions	52,609	-	52,609
Disposals	(144,681 )	-	(144,681 )

As at 31 March 2025	539,736	3,444	543,180

Depreciation
As at 1 April 2024	400,146	3,444	403,590
Provided during the period	105,077	-	105,077
Disposals	(57,873 )	-	(57,873 )

As at 31 March 2025	447,350	3,444	450,794

Net Book Value
As at 31 March 2025	92,386	-	92,386

As at 1 April 2024	231,662	-	231,662

5. Debtors

	2025	2024 as restated
	£	£
Due within one year
Trade debtors	49,047	75,123
Other debtors	-	14,175

	49,047	89,298

6. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	17,546	58,423
Trade creditors	49,568	86,168
Bank loans and overdrafts	11,667	20,165
Other creditors	11,186	10,959
Taxation and social security	35,099	12,082

	125,066	187,797

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	-	40,831
Other creditors	2,153,655	2,024,716

	2,153,655	2,065,547

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KENNET AVIATION LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024 as restated
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	17,546	58,423
Later than one year and not later than five years	-	40,831

	17,546	99,254

	17,546	99,254

9. Share Capital

	2025	2024 as restated
	£	£
Allotted, Called up and fully paid	100	100

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