Aeroxcraft Ltd

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

Registered number: 07875153

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		44,915		59,328

			44,915		59,328
CURRENT ASSETS
Stocks	5	4,000		7,500
Debtors	6	13,761		29,040
Cash at bank and in hand		22,047		34,828

		39,808		71,368
Creditors: Amounts Falling Due Within One Year	7	(34,210 )		(93,790 )

NET CURRENT ASSETS (LIABILITIES)			5,598		(22,422 )

TOTAL ASSETS LESS CURRENT LIABILITIES			50,513		36,906

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,534 )		(4,847 )

NET ASSETS			41,979		32,059

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			41,879		31,959

SHAREHOLDERS' FUNDS			41,979		32,059

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Aeroxcraft Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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

Mr Robert Green

Director

12 September 2025

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

1. General Information

Aeroxcraft Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07875153 . The registered office is 55 Woodgrove Road, Burnley, Lancashire, BB11 3EL.

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% straight line basis
Motor Vehicles	25% reducing balance basis
Fixtures & Fittings	20% straight line basis
Computer Equipment	33% straight line basis

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. 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.

2.6. 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 year 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.

...CONTINUED

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Aeroxcraft Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation - continued

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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 2 (2023: 2)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	91,937	68,985	2,142	7,523	170,587
Additions	1,350	-	-	921	2,271

As at 31 December 2024	93,287	68,985	2,142	8,444	172,858

Depreciation
As at 1 January 2024	86,006	17,246	1,503	6,504	111,259
Provided during the period	2,254	12,935	233	1,262	16,684

As at 31 December 2024	88,260	30,181	1,736	7,766	127,943

Net Book Value
As at 31 December 2024	5,027	38,804	406	678	44,915

As at 1 January 2024	5,931	51,739	639	1,019	59,328

5. Stocks

	2024	2023
	£	£
Stock	4,000	7,500

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	538	-
Other debtors	13,223	29,040

	13,761	29,040

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Aeroxcraft Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	8,388	47,713
Other creditors	22,603	44,684
Taxation and social security	3,219	1,393

	34,210	93,790

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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