Company Registration No. 15466259 (England and Wales)
North East Aviation Services Limited
Unaudited accounts
for the period from 5 February 2024 to 28 February 2025
North East Aviation Services Limited
Unaudited accounts
Contents
North East Aviation Services Limited
Company Information
for the period from 5 February 2024 to 28 February 2025
Directors
Lord JA Stevens
D Davis
TJ Virgo
Company Number
15466259 (England and Wales)
Registered Office
Eshott Airfield
Eshott
Morpeth
Northumberland
NE65 9QJ
United Kingdom
North East Aviation Services Limited
Statement of financial position
as at 28 February 2025
Cash at bank and in hand
36,297
Creditors: amounts falling due within one year
(118,428)
Net current liabilities
(65,199)
Called up share capital
100
Capital contribution reserve
309,900
Profit and loss account
30,842
Shareholders' funds
340,842
For the period ending 28 February 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2025 and were signed on its behalf by
TJ Virgo
Director
Company Registration No. 15466259
North East Aviation Services Limited
Notes to the Accounts
for the period from 5 February 2024 to 28 February 2025
North East Aviation Services Limited is a private company, limited by shares, registered in England and Wales, registration number 15466259. The registered office is Eshott Airfield, Eshott, Morpeth, Northumberland, NE65 9QJ, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5-10 years
Fixtures & fittings
2-5 years
Computer equipment
2-5 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
North East Aviation Services Limited
Notes to the Accounts
for the period from 5 February 2024 to 28 February 2025
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 5 February 2024
-
-
-
-
-
-
Additions
170,227
262,709
3,500
1,133
5,637
443,206
At 28 February 2025
170,227
262,709
3,500
1,133
5,637
443,206
Charge for the period
8,511
24,678
875
283
2,818
37,165
At 28 February 2025
8,511
24,678
875
283
2,818
37,165
At 28 February 2025
161,716
238,031
2,625
850
2,819
406,041
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Creditors: amounts falling due within one year
2025
Taxes and social security
13,365
Loans from directors
98,386
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
Shares issued during the period:
100 Ordinary shares of £1 each
100
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Average number of employees
During the period the average number of employees was 3.