Registrar

Registration number: 08993660

ACS Aviation Industries Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 9

ACS Aviation Industries Limited

Company Information

Directors

G J Higgins Airline Component Services Limited C J Holloway V C Skinner

Company secretary

E E Bradley

Registered office

15 Swinbourne Drive Springwood Industrial Estate Braintree Essex CM7 2YP

Auditors

Lambert Chapman LLP Statutory Auditors3 Warners Mill Silks Way Braintree Essex CM7 3GB

ACS Aviation Industries Limited

(Registration number: 08993660)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	428,211	431,046
Current assets
Stocks	5	1,032,684	891,822
Debtors	6	1,790,741	1,136,225
Cash at bank and in hand		238,829	1,010,207
		3,062,254	3,038,254
Creditors: Amounts falling due within one year	7	(633,507)	(1,046,815)
Net current assets		2,428,747	1,991,439
Total assets less current liabilities		2,856,958	2,422,485
Provisions for liabilities	8	(167,453)	(161,322)
Net assets		2,689,505	2,261,163
Capital and reserves
Called up share capital	9	128	128
Retained earnings		2,689,377	2,261,035
Shareholders' funds		2,689,505	2,261,163

These financial statements have been prepared and delivered in accordance with the 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.

Approved and authorised by the Board on 30 December 2025 and signed on its behalf by:
 

C J Holloway Director

V C Skinner Director

ACS Aviation Industries 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 & Wales.

The address of its registered office is: 15 Swinbourne Drive, Springwood Industrial Estate, Braintree, Essex, CM7 2YP.

These financial statements were authorised for issue by the Board on 30 December 2025.

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.

These financial statements are presented in Sterling (£), which is the company's functional currency.

ACS Aviation Industries Limited

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

Audit report

The Independent Auditor's Report was qualified. The Independent Auditor's Report was qualified. We were not appointed as auditor until after 31 March 2023 and thus did not observe the counting of the physical inventories as the end of the year. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held and the inventory quantities included in the work in progress calculations, representing the value of £724,329 at 31 March 2023, by using other audit procedures. Consequently we were unable to determine whether there was any consequential effect on the cost of sales for the year ended 31 March 2024. Our audit opinion on the financial statements for 31 March 2024 was modified accordingly. Our opinion on the current period's financial statements is also modified because of the possible effect of this matter on the comparability of the current period's figures and the corresponding figures.The name of the Senior Statutory Auditor who signed the audit report on 30 December 2025 was Luke Mitchell ACA, who signed for and on behalf of Lambert Chapman LLP.

Key sources of estimation uncertainty

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Up to 31 March 2023 a warranty provision was included in the financial statements which was calculated at 2% of turnover for the period. From 1 April 2023 the Directors have decided to recognise warranties as and when the work is undertaken and a provision is now estimated by using historic data and compared to actual costs spent on jobs under warranty in the year. The carrying amount is £60,400 (2024 -£60,400).

Revenue recognition

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

The company recognises revenue when the repair work has been completed and the part has been certified. Costs incurred on partially completed repair works are valued at the lower of cost and net realisable value and are included in the balance sheet as work in progress.

Tax

Current Tax is recognised in the profit and loss account, 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 on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office Equipment	20% Reducing Balance
Plant and Machinery	25% / 20% Reducing Balance
Motor Vehicles	25% Reducing Balance

ACS Aviation Industries Limited

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

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, 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.

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.

The Company provides for consumables stock not allocated to work in progress when it over one year old as at the balance sheet date.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as at result of a past event, it is probably that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 45 (2024 - 41).

ACS Aviation Industries Limited

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

4	Tangible assets

	Office Equipment £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	65,542	14,000	740,082	819,624
Additions	13,682	-	79,846	93,528
Disposals	-	-	(3,000)	(3,000)
At 31 March 2025	79,224	14,000	816,928	910,152
Depreciation
At 1 April 2024	24,513	3,500	360,565	388,578
Charge for the year	10,207	2,625	81,171	94,003
Eliminated on disposal	-	-	(640)	(640)
At 31 March 2025	34,720	6,125	441,096	481,941
Carrying amount
At 31 March 2025	44,504	7,875	375,832	428,211
At 31 March 2024	41,029	10,500	379,517	431,046

5

Stocks

	2025 £	2024 £
Work in progress	898,589	735,702
Stocks	134,095	156,120
	1,032,684	891,822

ACS Aviation Industries Limited

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

6

Debtors

	Note	2025 £	2024 £
Trade debtors		534,476	572,560
Amounts owed by group undertakings	10	375,005	-
Directors current account	10	299,521	138
Other debtors		364,853	375,818
Prepayments		216,886	187,709
		1,790,741	1,136,225

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		298,335	289,234
Amounts owed to group undertakings	10	-	275,182
Taxation and social security		37,843	34,921
Corporation tax		119,088	204,722
Other creditors		14,872	12,790
Accruals and deferred income		163,369	229,966
		633,507	1,046,815

8	Provisions for liabilities

	Deferred tax £	Warranties £	Total £
At 1 April 2024	100,922	60,400	161,322
Additional provisions	6,131	-	6,131
At 31 March 2025	107,053	60,400	167,453

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A Shares of £1 each	76	76	76	76
Ordinary B Shares of £1 each	52	52	52	52
	128	128	128	128

ACS Aviation Industries 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 £
	138	300,464	(1,081)	299,521

2024	At 1 April 2023 £	Advances to director £	Repayments by director £	At 31 March 2024 £
	61	77	-	138

Summary of transactions with other related parties

Other related parties are those companies under common control.

Expenditure with and payables to related parties

2025	Parent £	Other related parties £
Management fees	150,000	-
Rendering of services	-	157,880
	150,000	157,880

2024	Parent £	Other related parties £
Management fees	230,000	-
Rendering of services	-	197,427
	230,000	197,427

Loans to related parties

2025	Parent £	Other related parties £	Total £
At start of period	(275,182)	292,331	17,149
Advanced	650,187	-	650,187
Repaid	-	(13,921)	(13,921)
At end of period	375,005	278,410	653,415

2024	Parent £	Other related parties £	Total £
At start of period	329,785	292,785	622,570
Repaid	(604,967)	(454)	(605,421)
At end of period	(275,182)	292,331	17,149

ACS Aviation Industries Limited

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

Loans from related parties

2025	Other related parties £	Total £
At start of period	3,268	3,268
Advanced	2,223	2,223
At end of period	5,491	5,491

2024	Other related parties £	Total £
At start of period	10,116	10,116
Repaid	(6,848)	(6,848)
At end of period	3,268	3,268

Income and receivables from related parties

2025	Parent £
Repair services	3,310,610

2024	Parent £
Repair services	2,834,112

11	Parent and ultimate parent undertaking

The company's immediate parent and parent of the largest and smallest group in which these financial statements are consolidated is Airline Component Services Limited, incorporated in United Kingdom.

  These financial statements are available upon request from 2 Bradbury Park, Bradbury Drive, Braintree, Essex, CM7 2DH