Registration number: 04567935

Aerial Services Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 10

Aerial Services Limited

Company Information

Directors

J Garvin C Garvin

Registered office

11-21 Old Paradise Street London SE11 6BB

Accountants

Landmark Accountants Limited Leavesden Park 5 Hercules Way Watford Hertfordshire WD25 7GS

Aerial Services Limited

(Registration number: 04567935)
Balance Sheet as at 31 March 2025

	Note	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	4		800,000		800,000
Tangible assets	5		116,857		150,284
			916,857		950,284
Current assets
Stocks	6	32,622		35,773
Debtors	7	401,778		512,361
Cash at bank and in hand		630,015		521,275
		1,064,415		1,069,409
Creditors: Amounts falling due within one year	8	(180,185)		(189,215)
Net current assets			884,230		880,194
Total assets less current liabilities			1,801,087		1,830,478
Creditors: Amounts falling due after more than one year	8		(1,656)		(11,590)
Provisions for liabilities			(21,717)		(29,814)
Net assets			1,777,714		1,789,074
Capital and reserves
Called up share capital		50		50
Capital redemption reserve		50		50
Retained earnings		1,777,614		1,788,974
Shareholders' funds			1,777,714		1,789,074

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Aerial Services Limited

(Registration number: 04567935)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

......................................... J Garvin Director

......................................... C Garvin Director

Aerial Services Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11-21 Old Paradise Street
London
SE11 6BB

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency of these accounts is £ Sterling. The level of rounding is to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Aerial Services Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% on a reduced balance
Fixtures and fittings	20% on a reduced balance
Motor vehicles	25% on a reduced balance
Computer equipment	33.33% on cost

Goodwill

Goodwill represents the amount capitalised in connection with the incorporation of the business in May 2013. Goodwill on incorporation is amortised evenly over its estimated useful life, having taken into account its estimated residual value. In the opinion of the directors, the residual value of goodwill can be established reliably on the same basis on which it was initially calculated and, as such, the amortisation of goodwill on incorporation is considered immaterial. Therefore, no amortisation has been charged in these financial statements.

Intangible assets

Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment. They are
amortised on a straight line basis over their estimated useful lives.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Aerial Services Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Aerial Services Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.
 Recognition and measurement
Basic financial instruments are recognised at amortised cost.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 12).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	800,000	800,000
At 31 March 2025	800,000	800,000
Amortisation
Carrying amount
At 31 March 2025	800,000	800,000
At 31 March 2024	800,000	800,000

Aerial Services Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

5	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	83,722	4,855	17,872	224,682	331,131
Additions	-	-	4,666	-	4,666
Disposals	-	-	-	(14,889)	(14,889)
At 31 March 2025	83,722	4,855	22,538	209,793	320,908
Depreciation
At 1 April 2024	53,247	4,268	16,487	106,845	180,847
Charge for the year	6,095	118	1,109	29,167	36,489
Eliminated on disposal	-	-	-	(13,285)	(13,285)
At 31 March 2025	59,342	4,386	17,596	122,727	204,051
Carrying amount
At 31 March 2025	24,380	469	4,942	87,066	116,857
At 31 March 2024	30,475	587	1,385	117,837	150,284

Aerial Services Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

6

Stocks

	2025 £	2024 £
Finished goods and goods for resale	32,622	35,773

7

Debtors

	2025 £	2024 £
Trade debtors	190,838	321,674
Prepayments	18,705	18,509
Other debtors	192,235	172,178
	401,778	512,361

8

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	9,934	9,934
Trade creditors		29,875	43,802
Taxation and social security		119,044	111,740
Accruals and deferred income		19,627	16,821
Other creditors		1,705	6,918
		180,185	189,215

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	1,656	11,590

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	9,934	9,934

Aerial Services Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

10	Related party transactions

Transactions with directors

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
Loan to directors	158,370	215,849	(202,200)	172,019

2024	At 1 April 2023 £	Advances to director £	Repayments by director £	At 31 March 2024 £
Loan to directors	186,323	160,047	(188,000)	158,370

The loan to directors has interest charged at 2.25% (2024 - 2.25%) and the loan is repayable on demand.