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Registered number: 07839096
Folland Aerotech Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Hargreaves & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07839096
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 11,409 14,422
11,409 14,422
CURRENT ASSETS
Debtors 6 195,370 157,477
Cash at bank and in hand 92,703 116,493
288,073 273,970
Creditors: Amounts Falling Due Within One Year 7 (82,504 ) (123,690 )
NET CURRENT ASSETS (LIABILITIES) 205,569 150,280
TOTAL ASSETS LESS CURRENT LIABILITIES 216,978 164,702
Creditors: Amounts Falling Due After More Than One Year 8 (6,923 ) (6,923 )
NET ASSETS 210,055 157,779
CAPITAL AND RESERVES
Called up share capital 9 3,007 3,007
Share premium account 4,995 4,995
Profit and Loss Account 202,053 149,777
SHAREHOLDERS' FUNDS 210,055 157,779
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Page 2
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.
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 Colin Baker
Director
28 October 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
Folland Aerotech Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07839096 . The registered office is 1631 Parkway Solent Business Park, Whiteley, Fareham, Hampshire, England, PO15 7AH.
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:
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% reducing balance
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. 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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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 168,715
As at 31 March 2025 168,715
Amortisation
As at 1 April 2024 168,715
As at 31 March 2025 168,715
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 32,203 128,605 160,808
As at 31 March 2025 32,203 128,605 160,808
Depreciation
As at 1 April 2024 26,277 120,109 146,386
Provided during the period 889 2,124 3,013
As at 31 March 2025 27,166 122,233 149,399
Net Book Value
As at 31 March 2025 5,037 6,372 11,409
As at 1 April 2024 5,926 8,496 14,422
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 127,111 95,065
Prepayments and accrued income 2,208 11,687
Other debtors 47,792 47,792
VAT 18,259 2,933
195,370 157,477
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 65,519 94,714
Corporation tax (33,062 ) (21,512 )
Other taxes and social security 2,285 651
Other creditors 720 326
Other creditors - IBM Loan 16,704 16,704
Accruals and deferred income 11,240 13,643
Directors' loan accounts 19,098 19,164
82,504 123,690
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Accruals and deferred income 6,923 6,923
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 3,007 3,007
10. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 11,000 83,800
Dividends were paid in the year in the sum of £11,000.
11. Ultimate Controlling Party
The director Gillian Lewry and Colin Baker are the ultimate controlling parties, by the virtue of the fact that they own majority of the ordinary share capital of the company.
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