ACCOUNTS - Final Accounts preparation

Company registration number: 04154373

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	AVIA SOLUTIONS LIMITED


AVIA SOLUTIONS LIMITED

COMPANY INFORMATION

Directors	J Carter
	A J Rowsell (resigned 31 August 2024)


Registered number	04154373


Registered office	Suite C1 (B5)
	Fairoaks Airport
	Chobham
	Surrey
	GU24 8HU


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


AVIA SOLUTIONS LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


AVIA SOLUTIONS LIMITED REGISTERED NUMBER:04154373

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		6,862		7,364
			6,862		7,364
Current assets
Debtors: amounts falling due within one year	5	452,596		416,731
Cash at bank and in hand		21,210		61,926
		473,806		478,657
Creditors: amounts falling due within one year	6	(850,821)		(913,109)
Net current liabilities			(377,015)		(434,452)
Total assets less current liabilities			(370,153)		(427,088)
Creditors: amounts falling due after more than one year	7		-		(31,482)

Net liabilities			(370,153)		(458,570)

Capital and reserves
Called up share capital	29	29
Profit and loss account	(370,182)	(458,599)
	(370,153)	(458,570)

Page 1


AVIA SOLUTIONS LIMITED REGISTERED NUMBER:04154373

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 December 2025.

................................................

J Carter

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2


AVIA SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Avia Solutions Limited is a private Company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office and principal place of business is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The company has a net liability position of £370,153 as at the 31 December 2024. The director is assessing the company's position and reviewing ways in which they can reduce the existing pressure on the Company's cashflow. Forecasts indicate signs of recovery and it is therefore of the directors' opinion that the going concern basis of preparation continues to be appropriate.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.The Company's branch has a functional currency of United Arab Emirates dirham (AED) which differs from the presentational currency of GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

The results of overseas operations are maintained in their own local currency which is the country the trade
takes place and are translated into Sterling at the average yearly rate. All monetary assets and liabilities of
overseas operations are translated at the rate ruling at the reporting date. Exchange differences arising on
translating the net assets and the results of overseas operations are recognised in other comprehensive
income.

Page 3


AVIA SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment

33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4


AVIA SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 9).

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 January 2024	20,780
	Additions	2,306
	At 31 December 2024	23,086
	Depreciation
	At 1 January 2024	13,416
	Charge for the year on owned assets	2,808
	At 31 December 2024	16,224
	Net book value
	At 31 December 2024	6,862
	At 31 December 2023	7,364

Debtors

					2024	2023
					£	£


Trade debtors	404,311	162,497
Other debtors	34,631	54,236
Prepayments and accrued income	13,654	199,998
	452,596	416,731

Page 5


AVIA SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank loans	31,482	49,853
Trade creditors	145,237	181,145
Other taxation and social security	296,866	397,584
Other creditors	345,278	256,036
Accruals and deferred income	31,958	28,491
	850,821	913,109

Included in other creditors is a loan of £189,459 (2023: £189,459) secured on the assets of the parent company by way of a fixed and floating charge.

7.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Bank loans	-	31,482
	-	31,482

8.	Transactions with directors
	At the year end an amount of £1,884 (2023 - £8,441) was due to the director by the company. No interest has been applied on this balance.

Page 6