REGISTERED NUMBER: 04631937 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

AER-SAT Communications Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

C J Whaling

SECRETARY:

K J Whaling

REGISTERED OFFICE:

Amyas House

9 Ashwood Heights

Middlestown

Wakefield

West Yorkshire

WF4 4UD

REGISTERED NUMBER:

04631937 (England and Wales)

ACCOUNTANTS:

SMH Reed Smith Ltd

Copia House

Great Cliffe Court

Great Cliffe Road

Barnsley

S75 3SP

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

118,785

112,048

118,785

112,048

CURRENT ASSETS

Inventories

6

2,860

3,178

Debtors

7

103,979

125,499

Cash at bank and in hand

84,276

123,436

191,115

252,113

CREDITORS

Amounts falling due within one year

8

72,619

85,724

NET CURRENT ASSETS

118,496

166,389

TOTAL ASSETS LESS CURRENT LIABILITIES

237,281

278,437

CREDITORS

Amounts falling due after more than one year

9

(48,267

)

(63,351

)

PROVISIONS FOR LIABILITIES

(22,569

)

(28,012

)

NET ASSETS

166,445

187,074

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

165,445

186,074

SHAREHOLDERS' FUNDS

166,445

187,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 March 2025 and were signed by:

C J Whaling - Director

1.	STATUTORY INFORMATION

AER-SAT Communications Limited 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

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

Goodwill

Goodwill is stated at cost less amortisation and is written off on a straight line basis over 5 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Equipment

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

7,700

AMORTISATION

At 1 February 2024

and 31 January 2025

7,700

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Office

Motor

Equipment

equipment

vehicles

Totals

£

£

£

£

COST

At 1 February 2024

6,986

5,480

146,256

158,722

Additions

24,000

22

28,066

52,088

Disposals

-

-

(29,976

)

(29,976

)

At 31 January 2025

30,986

5,502

144,346

180,834

DEPRECIATION

At 1 February 2024

4,817

4,624

37,233

46,674

Charge for year

5,993

215

30,507

36,715

Eliminated on disposal

-

-

(21,340

)

(21,340

)

At 31 January 2025

10,810

4,839

46,400

62,049

NET BOOK VALUE

At 31 January 2025

20,176

663

97,946

118,785

At 31 January 2024

2,169

856

109,023

112,048

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

Motor

vehicles

£

COST

At 1 February 2024

81,215

Disposals

(13,899

)

At 31 January 2025

67,316

DEPRECIATION

At 1 February 2024

11,799

Charge for year

16,824

Eliminated on disposal

(9,502

)

At 31 January 2025

19,121

NET BOOK VALUE

At 31 January 2025

48,195

At 31 January 2024

69,416

6.	INVENTORIES

2025

2024

£

£

Stocks

2,860

3,178

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

89,974

118,969

Other debtors

766

-

Directors' current accounts

2,269

-

Other debtors and prepayments

10,970

6,530

103,979

125,499

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,128

4,128

Hire purchase contracts

10,811

9,767

Trade creditors

20,075

31,026

Taxation and social security

26,725

33,231

Other creditors

10,880

7,572

72,619

85,724

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

24,655

28,784

Hire purchase contracts

23,612

34,567

48,267

63,351

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due after more than 5 years

8,142

11,375

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

34,423

44,334

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

C J Whaling

Balance outstanding at start of year

-

-

Amounts advanced

45,581

-

Amounts repaid

(43,312

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,269

-

12.	ULTIMATE CONTROLLING PARTY