Northumbria Aerospace Limited T/As NAL Engineering Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05422891

Northumbria Aerospace Limited T/As NAL Engineering Ltd

Filleted Unaudited Financial Statements

31 March 2025

Northumbria Aerospace Limited T/As NAL Engineering Ltd

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	194,979	259,651

Current assets

Debtors	6	112,949	143,653
Cash at bank and in hand		48,049	31,802
		---------	---------
		160,998	175,455

Creditors: amounts falling due within one year	7	305,655	421,872
		---------	---------
Net current liabilities		144,657	246,417
		---------	---------
Total assets less current liabilities		50,322	13,234

Creditors: amounts falling due after more than one year	8	5,250	14,250
		-------	-------
Net assets/(liabilities)		45,072	( 1,016)
		-------	-------

Capital and reserves

Called up share capital	9	3	3
Other reserves		128,072	128,072
Profit and loss account		( 83,003)	( 129,091)
		---------	---------
Shareholders funds/(deficit)		45,072	( 1,016)
		---------	---------

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 statement of income and retained earnings has not been delivered.

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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 12 November 2025 , and are signed on behalf of the board by:

C M McLeod
Director

Company registration number: 05422891

Northumbria Aerospace Limited T/As NAL Engineering Ltd

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 Hangar 1 Southside, Woolsington, Newcastle Upon Tyne, NE13 8BT.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity, rounded to the nearest £1.

Going concern

The financial statements are prepared on the going concern basis. In the director's opinion the company will generate sufficient resources from operations and has access to adequate funding to enable the company to continue in operational existence for the foreseeable future.

Revenue recognition

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

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Short leasehold property	-	4% straight line
Fixtures and fittings	-	25% reducing balance
Aircraft	-	10% straight line

Impairment of fixed assets

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. For the purposes of impairment testing, 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.

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 as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: 3 ).

5. Tangible assets

	Short leasehold property	Fixtures and fittings	Aircraft	Total
	£	£	£	£
Cost
At 1 April 2024	30,181	48,569	323,308	402,058
Additions	–	8,894	24,825	33,719
Disposals	–	–	( 108,553)	( 108,553)
	-------	-------	---------	---------
At 31 March 2025	30,181	57,463	239,580	327,224
	-------	-------	---------	---------
Depreciation
At 1 April 2024	12,559	27,246	102,602	142,407
Charge for the year	1,207	3,447	23,162	27,816
Disposals	–	–	( 37,978)	( 37,978)
	-------	-------	---------	---------
At 31 March 2025	13,766	30,693	87,786	132,245
	-------	-------	---------	---------
Carrying amount
At 31 March 2025	16,415	26,770	151,794	194,979
	-------	-------	---------	---------
At 31 March 2024	17,622	21,323	220,706	259,651
	-------	-------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	42,167	23,619
Other debtors	70,782	120,034
	---------	---------
	112,949	143,653
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	9,000	9,000
Trade creditors	32,779	38,340
Social security and other taxes	–	8,272
Other creditors	263,876	366,260
	---------	---------
	305,655	421,872
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	5,250	14,250
	------	-------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 0.01 each	300	3	300	3
	----	----	----	----

10. Other financial commitments

The total amount of financial commitments (obligations under a non-cancellable operating lease) not accounted for in the balance sheet amounts to £ 50,415 (2024: £ 13,750 ).