REGISTERED NUMBER: 08808999 (England and Wales)

AERIAL CRAFT LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P C D Reynish

H Symons Jones

REGISTERED OFFICE:

Green Point Seren Studios

Wentloog Avenue

Cardiff

CF3 2GH

REGISTERED NUMBER:

08808999 (England and Wales)

ACCOUNTANTS:

Green & Co

Chartered Certified Accountants

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

304,078

222,940

CURRENT ASSETS

Debtors

5

17,850

39,314

Cash at bank

26,141

3,439

43,991

42,753

CREDITORS

Amounts falling due within one year

6

109,803

128,048

NET CURRENT LIABILITIES

(65,812

)

(85,295

)

TOTAL ASSETS LESS CURRENT LIABILITIES

238,266

137,645

CREDITORS

Amounts falling due after more than one year

7

(71,870

)

(13,471

)

PROVISIONS FOR LIABILITIES

(57,775

)

(42,359

)

NET ASSETS

108,621

81,815

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

107,621

80,815

SHAREHOLDERS' FUNDS

108,621

81,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th September 2025 and were signed on its behalf by:

H Symons Jones - Director

1.	STATUTORY INFORMATION

Aerial Craft Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st January 2024

459,729

-

459,729

Additions

55,290

97,955

153,245

Disposals

(17,458

)

(13,191

)

(30,649

)

At 31st December 2024

497,561

84,764

582,325

DEPRECIATION

At 1st January 2024

236,789

-

236,789

Charge for year

47,527

4,238

51,765

Eliminated on disposal

(10,307

)

-

(10,307

)

At 31st December 2024

274,009

4,238

278,247

NET BOOK VALUE

At 31st December 2024

223,552

80,526

304,078

At 31st December 2023

222,940

-

222,940

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

84,764

At 31st December 2024

84,764

DEPRECIATION

Charge for year

4,238

At 31st December 2024

4,238

NET BOOK VALUE

At 31st December 2024

80,526

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

15,282

37,663

Prepayments

2,568

1,651

17,850

39,314

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

6,852

6,852

Hire purchase contracts

15,492

-

Trade creditors

2,975

870

Corporation Tax

60,338

63,965

Social security and other taxes

-

528

VAT

12,364

24,736

Other creditors

1,629

1,642

Directors' current accounts

6,156

25,655

Accruals and deferred income

3,997

3,800

109,803

128,048

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bounceback loan 1-2 years

6,471

7,025

Bounceback loan 2-5 years

-

6,446

Hire purchase contracts

65,399

-

71,870

13,471

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

500

Ordinary A

£1

500

500

500

Ordinary B

£1

500

500

1,000

1,000

9.	RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the year end:

- P C D Reynish was owed £4,287 from the company (2023 - £10,705)

- H Symons Jones was owed £1,869 from the company (2023 - £14,949)