1.
General Information
Active Vtol Crash Prevention Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
10846333
. The registered office is 4 Firs Close, St. Martins, Oswestry, Shropshire, SY11 3LT.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2.
Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
The company receives and relies on support from a director and related companies in the form of loans, repayment of which is deferred until such time as the company has resources to facilitate repayment.
2.3.
Significant judgements and estimations
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Critical judgements
The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.
Patent registrations
The company has, over a number of years, developed technology with the intention of exploiting the commercialisation of that technology. It has protected it rights in technology by the registration of patents which at 31 October 2025 had a book amount of £749,982. The director has determined that the book value is an appropriate commercial value of those patents.
2.4.
Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Patents. The patents are amortised to the profit and loss account over its estimated economic life of 15 years.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives.
2.5.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
|
Active Vtol Crash Prevention Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
2.6.
Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances are initially measured at transaction price and subsequently carried at amortised cost less impairment.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price and subsequently measured at amortised cost.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
2.7.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8.
Fixed asset investments
Interests in associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Active Vtol Crash Prevention Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
2.9.
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount.
2.10.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
4.
Intangible Assets
| Other | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at 1 November 2024 |
|
||
| Additions |
|
||
| As at 31 October 2025 |
|
||
| Amortisation | |||
| As at 1 November 2024 |
|
||
| Provided during the period |
|
||
| As at 31 October 2025 |
|
||
| Net Book Value | |||
| As at 31 October 2025 |
|
||
| As at 1 November 2024 |
|
||
5.
Tangible Assets
| Plant & Machinery | |
|---|---|
| £ | |
| Cost | |
| As at 1 November 2024 |
|
| As at 31 October 2025 |
|
| Depreciation | |
| As at 1 November 2024 |
|
| Provided during the period |
|
| As at 31 October 2025 |
|
| Net Book Value | |
| As at 31 October 2025 |
|
| As at 1 November 2024 |
|
Active Vtol Crash Prevention Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
6.
Investments
| Associates | |
|---|---|
| £ | |
| Cost or Valuation | |
| As at 1 November 2024 |
|
| As at 31 October 2025 |
|
| Provision | |
| As at 1 November 2024 |
|
| Impairment losses |
|
| As at 31 October 2025 |
|
| Net Book Value | |
| As at 31 October 2025 |
|
| As at 1 November 2024 |
|
7.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Other debtors | 12,161 | 33,864 | |
8.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Other creditors | 291,210 | 300,777 | |
|
|
|
||
10.
Related Party Transactions
Included within debtors are the following balances, in respect of companies which are related by virtue of common ownership and directorship:
At the year-end, an amount of £5,187 (2024: £5,187) was owed by Advanced Reaction Motor Systems Limited.
At the year-end, an amount of £883 (2024: £769) was owed by Gellaw 301 Limited.
Included within creditors are the following balances, in respect of companies which are related by virtue of common ownership and directorship:
At the year-end, an amount of £268,342 (2024: £273,142) was owed to Advanced Blast & Ballistic Systems Limited.
Included within other creditors is an amount due to a former director of £21,668 (2024: £23,500) upon which no interest is charged.
Active Vtol Crash Prevention Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
11.
Profit and loss reserves
|
2025
|
2024
|
||
|
£
|
£
|
||
|
At the beginning of the year
|
69,301
|
133,526
|
|
|
Loss for the year
|
(58,197)
|
(64,225)
|
|
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|
|
||
|
At the end of the year
|
11,104
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none">
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|
69,301
|
Included within profit and loss reserves are non-distributable profits, as set out below:
|
2025
|
2024
|
||
|
£
|
£
|
||
|
Non-distributable profits included above
|
|||
|
At the beginning of the year
|
578,089
|
626,623
|
|
|
Non-distributable profits in the year
|
(48,174)
|
(48,174)
|
|
|
|
|
||
|
At the end of the year
|
529,915
|
578,089
|
|
|
Distributable profits
|
(518,811)
|
(508,788)
|