Aerospace Warranty Management Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06930725

Aerospace Warranty Management Limited

Filleted Unaudited Financial Statements

30 June 2025

Aerospace Warranty Management Limited

Statement of Financial Position

30 June 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		1,248,321		1,250,669

Current assets

Debtors	7	502,777	550,695
Cash at bank and in hand		338,999	230,860
		---------	---------
		841,776	781,555

Creditors: amounts falling due within one year	8	331,850		245,047
		---------		---------
Net current assets			509,926		536,508
			------------		------------
Total assets less current liabilities			1,758,247		1,787,177

Creditors: amounts falling due after more than one year	9		70,827		150,000

Provisions

Taxation including deferred tax	22,888	21,529
	------------	------------
Net assets	1,664,532	1,615,648
	------------	------------

Capital and reserves

Called up share capital	10	130	130
Capital redemption reserve		10	10
Profit and loss account		1,664,392	1,615,508
		------------	------------
Shareholders funds		1,664,532	1,615,648
		------------	------------

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 comprehensive income has not been delivered.

For the year ending 30 June 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 .

Aerospace Warranty Management Limited

Statement of Financial Position (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 18 November 2025 , and are signed on behalf of the board by:

N J Snow
Director

Company registration number: 06930725

Aerospace Warranty Management Limited

Notes to the Financial Statements

Year ended 30 June 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 Unit 14 Oak Industrial Park, Chelmsford Road, Dunmow, Essex, CM6 1XN, England.

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, 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.

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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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 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.

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:

Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25 % reducing balance
Improvements to property	-	2 % straight line

Depreciation has not been provided on the company's freehold property as, in the opinion of the directors, the market value of the property continues to be in excess of the book value. The company maintains and refurbishes the freehold property to a level which enables the directors to conclude that the expected residual value will be of a level that results in no depreciation

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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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.

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. Research and development

Research expenditure is written off in the year it is incurred.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2024: 8 ).

6. Tangible assets

	Land and buildings	Fixtures and fittings	Motor vehicles	Equipment	Improvements to property	Total
	£	£	£	£	£	£
Cost
At 1 Jul 2024	928,794	50,334	199,414	46,977	244,409	1,469,928
Additions	–	28,015	–	1,724	–	29,739
Disposals	–	–	–	( 749)	–	( 749)
	---------	--------	---------	--------	---------	------------
At 30 Jun 2025	928,794	78,349	199,414	47,952	244,409	1,498,918
	---------	--------	---------	--------	---------	------------
Depreciation
At 1 Jul 2024	–	39,460	121,117	33,943	24,739	219,259
Charge for the year	–	3,951	19,574	3,527	4,888	31,940
Disposals	–	–	–	( 602)	–	( 602)
	---------	--------	---------	--------	---------	------------
At 30 Jun 2025	–	43,411	140,691	36,868	29,627	250,597
	---------	--------	---------	--------	---------	------------
Carrying amount
At 30 Jun 2025	928,794	34,938	58,723	11,084	214,782	1,248,321
	---------	--------	---------	--------	---------	------------
At 30 Jun 2024	928,794	10,874	78,297	13,034	219,670	1,250,669
	---------	--------	---------	--------	---------	------------

7. Debtors

	2025	2024
	£	£
Trade debtors	204,661	272,632
Prepayments and accrued income	19,616	6,063
Related undertakings	278,500	272,000
	---------	---------
	502,777	550,695
	---------	---------

The debtors above include the following amounts likely to fall due after more than one year.

	2025	2024
	£	£
Related undertakings	278,500	272,000

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	70,800	–
Trade creditors	4,495	491
Accruals and deferred income	25,753	26,943
Corporation tax	114,017	92,879
Social security and other taxes	48,059	70,858
Obligations under finance leases and hire purchase contracts	8,306	–
Director loan accounts	57,735	51,191
Other creditors	2,685	2,685
	---------	---------
	331,850	245,047
	---------	---------

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

	2025	2024
	£	£
Bank loans and overdrafts	55,599	150,000
Obligations under finance leases and hire purchase contracts	15,228	–
	--------	---------
	70,827	150,000
	--------	---------

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	90	90	90	90
B shares of £ 1 each	20	20	20	20
C shares of £ 1 each	20	20	20	20
	----	----	----	----
	130	130	130	130
	----	----	----	----

11. Related party transactions

At the year end, the N J Snow , a director, was owed by the company £57,735 (2024: £51,191) which is shown amongst other creditors At the year end, the company was due £278,500 (2024: £272,000) from related parties.