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Registered number: 04522105
Shoot Aviation Limited
Financial Statements
For The Year Ended 31 December 2024
King Loose & Co
Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04522105
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,832 51,272
42,832 51,272
CURRENT ASSETS
Debtors 5 83,082 84,600
Cash at bank and in hand 253,688 337,933
336,770 422,533
Creditors: Amounts Falling Due Within One Year 6 (279,323 ) (384,318 )
NET CURRENT ASSETS (LIABILITIES) 57,447 38,215
TOTAL ASSETS LESS CURRENT LIABILITIES 100,279 89,487
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,500 ) (12,800 )
NET ASSETS 89,779 76,687
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 89,679 76,587
SHAREHOLDERS' FUNDS 89,779 76,687
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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 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 S H O'Connell
Director
24th September 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Shoot Aviation Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04522105 . The registered office is 5 South Parade, Summertown, Oxford, OX2 7JL.
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:
Leasehold 25% straight line basis
Motor Vehicles 25% straight line basis
Office Equipment 20% straight line basis
Website 20% straight line basis
2.4. 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.
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2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Office Equipment Website Total
£ £ £ £ £
Cost
As at 1 January 2024 131,841 52,573 12,815 25,540 222,769
Additions - - 2,519 2,148 4,667
As at 31 December 2024 131,841 52,573 15,334 27,688 227,436
Depreciation
As at 1 January 2024 131,828 6,039 9,258 24,372 171,497
Provided during the period - 10,153 1,942 1,012 13,107
As at 31 December 2024 131,828 16,192 11,200 25,384 184,604
Net Book Value
As at 31 December 2024 13 36,381 4,134 2,304 42,832
As at 1 January 2024 13 46,534 3,557 1,168 51,272
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 69,652 62,640
Prepayments and accrued income 13,430 10,851
VAT - 11,109
83,082 84,600
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 57,285 51,156
Corporation tax 22,548 75,500
Other taxes and social security 17,741 14,488
VAT 44,417 -
Deferred income 16,880 8,588
Accruals 11,900 10,250
Directors' loan accounts 27,895 18,295
Amounts owed to Shoot Aviation (Holdings) Limited 80,657 206,041
279,323 384,318
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7. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2024 12,800 12,800
Deferred taxation c/yr movement (2,300 ) (2,300 )
Balance at 31 December 2024 10,500 10,500
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
9. Related Party Transactions
  • During the year the company occupied part of the personal property of one of its directors, Mr S. H. O'Connell, for office and storage space, for which the company pays £9,600 per annum, a market value rent.
  • The company paid hire charges of £131,326 (2023: £240,106) in respect of plant and equipment on short term hire, to the holding company at market value rates.
  • Dividends to the holding company were voted during the year in the sum of £50,000 (2023: £400,000).
  • Certain recharges were made between Shoot Aviation Limited and Shoot Aviation US LLC in respect of transport costs and work undertaken on certain plant & machinery.  These transactions were at market value.
10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Shoot Aviation (Holdings) Limited , which company was incorporated in England and Wales under company number 12835183.
11. Operating lease commitments
The company has ongoing operating lease commitments in respect of premises rent, in the sum of £59,184 per annum.
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