Rise and Shine Aircraft Valet Services Limited 31/03/2025 iXBRL

Company registration number: 03658058

Rise and Shine Aircraft Valet Services Limited

Trading as Rise and Shine Aircraft Valet Services Limited

Unaudited filleted abridged financial statements

31 March 2025

Rise and Shine Aircraft Valet Services Limited

Contents

Accountants report

Abridged statement of financial position

Statement of changes in equity

Notes to the financial statements

Rise and Shine Aircraft Valet Services Limited

Chartered accountants report to the director on the preparation of the

unaudited statutory financial statements of Rise and Shine Aircraft Valet Services Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rise and Shine Aircraft Valet Services Limited for the year ended 31 March 2025 which comprise the abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.

Francis Webbs Limited

Suite 2 , Scala Offices

115a Far Gosford Street

Coventry

CV1 5EA

24 June 2025

Rise and Shine Aircraft Valet Services Limited

Abridged statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	43,791		51,332
		_______		_______
			43,791		51,332

Current assets
Stocks		2,000		2,000
Debtors		146,095		143,385
Cash at bank and in hand		84,955		109,461
		_______		_______
		233,050		254,846
Creditors: amounts falling due
within one year		( 90,163)		( 97,079)
		_______		_______
Net current assets			142,887		157,767
			_______		_______
Total assets less current liabilities			186,678		209,099

Creditors: amounts falling due
after more than one year			( 2,500)		( 12,500)
			_______		_______
Net assets			184,178		196,599
			_______		_______

Capital and reserves
Called up share capital	8		120		120
Profit and loss account			184,058		196,479
			_______		_______
Shareholders funds			184,178		196,599
			_______		_______

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 24 June 2025 , and are signed on behalf of the board by:

C Barlow

Director

Company registration number: 03658058

Rise and Shine Aircraft Valet Services Limited

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2022	2	214,502	214,504

Profit for the year		89,695	89,695
	_______	_______	_______
Total comprehensive income for the year	-	89,695	89,695

Issue of bonus shares	112	( 112)	-
Dividends paid and payable		( 120,500)	( 120,500)
Equity settled share-based payments		12,894	12,894
Exercise of options, rights and warrants	6	-	6
	_______	_______	_______
Total investments by and distributions to owners	118	( 107,718)	( 107,600)

	_______	_______	_______
At 31 March 2024 and 1 April 2024	120	196,479	196,599

Profit for the year		96,579	96,579
	_______	_______	_______
Total comprehensive income for the year	-	96,579	96,579

Dividends paid and payable		( 109,000)	( 109,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 109,000)	( 109,000)

	_______	_______	_______
At 31 March 2025	120	184,058	184,178
	_______	_______	_______

Rise and Shine Aircraft Valet Services Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Blackberry Way, Cubbington, Leamington Spa, CV32 7JW.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	5 %	straight line
Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

Share-based payments

Equity-settled share-based payment transactions are measured at fair value at the date of grant. The fair value is expensed on a straight-line basis over the vesting period, with a corresponding increase in equity. This is based upon the company's estimate of the shares or share options that will eventually vest which takes into account all vesting conditions and non-market performance conditions, with adjustments being made where new information indicates the number of shares or share options expected to vest differs from previous estimates. Fair value is determined using an appropriate pricing model. All market conditions and non-vesting conditions are taken into account when estimating the fair value of the shares or share options. As long as all other vesting conditions are satsfied, no adjustment is made irrespective of whether market or non-vesting conditions are met. Where the terms of an equity-settled transaction are modified, an expense is recognised as if the terms had not been modified. In addition, an expense is recognised for any increase in the fair value of the transaction, as measured at the date of modification. Where an equity-settled transaction is cancelled or settled, it is treated as if it had vested on the date of cancellation or settlement, and any expense not yet recognised in profit or loss is expensed immediately. Cash-settled share-based payment transactions are measured at the fair value of the liability. Until the liability is settled, the fair value of the liability is re-measured at each reporting date and at the date of settlement, with any changes in fair value recognised in profit or loss for the period.

4. Staff costs

The aggregate payroll costs incurred during the year were:

	2025	2024
	£	£
Wages and salaries	260,067	262,305
Social security costs	17,471	16,204
Other pension costs	104,791	124,863
	_______	_______
	382,329	403,372
	_______	_______

5. Employee numbers

The average number of persons employed by the company during the year amounted to 11 (2024: 10 ).

6. Tangible assets


		£
	Cost
	At 1 April 2024	257,446
	Additions	22,838
		_______
	At 31 March 2025	280,284
		_______
	Depreciation
	At 1 April 2024	206,114
	Charge for the year	30,379
		_______
	At 31 March 2025	236,493
		_______
	Carrying amount
	At 31 March 2025	43,791
		_______
	At 31 March 2024	51,332
		_______

7. Share-based payments

The company issued 6 Ordinary £1 "B" shares under an employee exercised share option on 22 February 2024

Details of the number and weighted average exercise prices (WAEP) of share options during the year are as follows:

	2025		2024
	No.	WAEP	No.	WAEP

Granted during the year	-	-	6	2,150.00
Exercised during the year	-	-	( 6)	-
	_________	_______	_________	_______
Outstanding at 31 March 2025	-	-	-	-

The total expense recognised in profit or loss for the year is as follows:

	2025	2024
	£	£
Equity-settled share-based payments	-	12,900
	_________	_______

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares A shares shares of £ 1.00 each	114	114	114	114
Ordinary B shares shares of £ 1.00 each	6	6	6	6
	_______	_______	_______	_______
	120	120	120	120
	_______	_______	_______	_______

The company issued 112 Ordinary A £1 shares by a bonus issue. On 22 February 2024 the company issued 6 Ordinary B £1 shares . All shares carry equal rights in all respects.

9. Controlling party

The company is controlled by Mr C Barlow and Mrs R Barlow its directors and shareholders.