REGISTERED NUMBER: 04134661 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PILOTCLASS (KERO) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr R J Dunn

SECRETARY:

Mr R J Dunn

REGISTERED OFFICE:

Cuttings

Whempstead Road

Benington

Hertfordshire

SG2 7DH

REGISTERED NUMBER:

04134661 (England and Wales)

ACCOUNTANTS:

Gary J Cansick & Co

Chartered Accountants

Janelle House

6 Hartham Lane

Hertford

Hertfordshire

SG14 1QN

FIXED ASSETS

Tangible assets

4

774

1,021

CURRENT ASSETS

Stocks

1,280

2,850

Debtors

5

62,167

48,712

Cash at bank and in hand

38,155

36,000

101,602

87,562

CREDITORS

Amounts falling due within one year

6

141,231

122,130

NET CURRENT LIABILITIES

(39,629

)

(34,568

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(38,855

)

(33,547

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(38,857

)

(33,549

)

SHAREHOLDERS' FUNDS

(38,855

)

(33,547

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 December 2025 and were signed by:

Mr R J Dunn - Director

1.	STATUTORY INFORMATION

Pilotclass (Kero) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

6,070

3,172

9,500

3,924

22,666

DEPRECIATION

At 1 April 2024

5,189

3,062

9,470

3,924

21,645

Charge for year

222

17

8

-

247

At 31 March 2025

5,411

3,079

9,478

3,924

21,892

NET BOOK VALUE

At 31 March 2025

659

93

22

-

774

At 31 March 2024

881

110

30

-

1,021

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

25,167

24,712

Other debtors

37,000

24,000

62,167

48,712

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

14,547

14,014

Trade creditors

1,817

2,455

Taxation and social security

1,996

3,621

Other creditors

122,871

102,040

141,231

122,130

7.	SECURED DEBTS

R J Dunn a director of the company has provided the company's bankers with personal guarantees to the value of £50,000.

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mr R J Dunn

Balance outstanding at start of year

(13,384

)

(12,982

)

Amounts advanced

13,210

-

Amounts repaid

-

(402

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(174

)

(13,384

)

9.	RELATED PARTY DISCLOSURES

Dewco Services Limited

A company under common control

The related party received services from the company to the sum of £6,000 during the year. The related party was owed £59,477 (2024:£25,000) by the company at the balance sheet date. The loan is repayable on demand.

Greenfields R & L Limited

A company under common control

The related party was owed £59,281 (2024:£59,795) by the company at the balance sheet date. The loan is repayable on demand and is interest free.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr and Mrs R J Dunn by virtue of their shareholdings.