AAR Powerdrives Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06408022 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

AAR POWERDRIVES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D P Tarr

Mrs K Y Tarr

SECRETARY:

Mrs K Y Tarr

REGISTERED OFFICE:

Unit 27

Dawley Brook Trading Estate

Stallings Lane

Kingswinsford

West Midlands

DY6 7AP

REGISTERED NUMBER:

06408022 (England and Wales)

FIXED ASSETS

Tangible assets

4

55,922

91,712

CURRENT ASSETS

Stocks

34,634

35,925

Debtors

5

170,228

274,277

Cash at bank and in hand

21,241

140,183

226,103

450,385

CREDITORS

Amounts falling due within one year

6

171,980

378,287

NET CURRENT ASSETS

54,123

72,098

TOTAL ASSETS LESS CURRENT
LIABILITIES

110,045

163,810

CREDITORS

Amounts falling due after more than one year

7

(63,069

)

(98,186

)

PROVISIONS FOR LIABILITIES

(9,565

)

(13,028

)

NET ASSETS

37,411

52,596

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

37,311

52,496

37,411

52,596

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

D P Tarr - Director

1.	STATUTORY INFORMATION

AAR Powerdrives 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.

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 etc

-

25% on reducing balance, 15% on reducing balance and at variable rates on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 June 2024

69,110

7,102

108,084

26,089

210,385

Disposals

-

(22,587

)

-

(22,587

)

At 31 May 2025

69,110

7,102

85,497

26,089

187,798

DEPRECIATION

At 1 June 2024

50,785

6,884

40,040

20,964

118,673

Charge for year

2,749

71

15,235

2,058

20,113

Eliminated on disposal

-

(6,910

)

-

(6,910

)

At 31 May 2025

53,534

6,955

48,365

23,022

131,876

NET BOOK VALUE

At 31 May 2025

15,576

147

37,132

3,067

55,922

At 31 May 2024

18,325

218

68,044

5,125

91,712

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Trade debtors

113,502

179,456

Other debtors

56,726

94,821

170,228

274,277

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Bank loans and overdrafts

57,912

20,548

Hire purchase contracts

17,625

Trade creditors

64,550

311,161

Taxation and social security

20,699

15,887

Other creditors

11,194

13,066

171,980

378,287

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

Bank loans

55,272

Hire purchase contracts

7,797

42,914

63,069

98,186

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25

31.5.24

£

D P Tarr

Balance outstanding at start of year

19,549

14,163

Amounts advanced

15,767

30,386

Amounts repaid

(12,500

)

(25,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

22,816

19,549

Mrs K Y Tarr

Balance outstanding at start of year

19,548

14,162

Amounts advanced

15,767

30,386

Amounts repaid

(12,500

)

(25,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

22,815

19,548