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Registered number: 09468292
JP Aviation Ltd
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09468292
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 11,317 13,801
11,317 13,801
CURRENT ASSETS
Debtors 6 14,832 12,900
Cash at bank and in hand 2,646 -
17,478 12,900
Creditors: Amounts Falling Due Within One Year 7 (2,376 ) (5,061 )
NET CURRENT ASSETS (LIABILITIES) 15,102 7,839
TOTAL ASSETS LESS CURRENT LIABILITIES 26,419 21,640
NET ASSETS 26,419 21,640
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 26,319 21,540
SHAREHOLDERS' FUNDS 26,419 21,640
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 James Ellis
Director
15th December 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
JP Aviation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09468292 . The registered office is 59 The Knoll, Plymouth, PL7 4SJ.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. 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:
Plant & Machinery 18% Reducing balance
Motor Vehicles 18% Reducing balance
Fixtures & Fittings 18% Reducing balance
Computer Equipment 18% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 10,000
As at 31 March 2025 10,000
Amortisation
As at 1 April 2024 10,000
As at 31 March 2025 10,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
Page 2
Page 3
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 8,030 12,000 8,977 534 29,541
As at 31 March 2025 8,030 12,000 8,977 534 29,541
Depreciation
As at 1 April 2024 3,602 5,383 6,540 215 15,740
Provided during the period 797 1,191 439 57 2,484
As at 31 March 2025 4,399 6,574 6,979 272 18,224
Net Book Value
As at 31 March 2025 3,631 5,426 1,998 262 11,317
As at 1 April 2024 4,428 6,617 2,437 319 13,801
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 14,832 12,900
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts - 4,124
Accruals and deferred income 1,300 550
Director's loan account 1,076 387
2,376 5,061
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 3