REGISTERED NUMBER: 07299468 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2025

FOR

A T AVIATION SALES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A M Twemlow

REGISTERED OFFICE:

Rubis House

15 Friarn Street

Bridgwater

Somerset

TA6 3LH

REGISTERED NUMBER:

07299468 (England and Wales)

ACCOUNTANTS:

Aspen Waite Limited

Chartered Accountants

Rubis House

15 Friarn Street

Bridgwater

Somerset

TA6 3LH

FIXED ASSETS

Tangible assets

4

605,495

668,870

CURRENT ASSETS

Stocks

1,910,683

1,848,089

Debtors

5

1,145,592

1,662,134

3,056,275

3,510,223

CREDITORS

Amounts falling due within one year

6

(1,644,802

)

(2,216,107

)

NET CURRENT ASSETS

1,411,473

1,294,116

TOTAL ASSETS LESS CURRENT LIABILITIES

2,016,968

1,962,986

CREDITORS

Amounts falling due after more than one year

7

(455,188

)

(627,143

)

PROVISIONS FOR LIABILITIES

(74,719

)

(79,671

)

NET ASSETS

1,487,061

1,256,172

CAPITAL AND RESERVES

Called up share capital

600,100

600,100

Retained earnings

886,961

656,072

1,487,061

1,256,172

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 and authorised for issue by the director and authorised for issue on 29th May 2026 and were signed by:

Mr A M Twemlow - Director

1.	STATUTORY INFORMATION

A T Aviation Sales 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.

From 1st September 2020, revenue recognition is now based on income received from the facilitation of aircraft sales.

At the partner's request, turnover is now classed with the full sale and expenses in purchases of completed sales.

TANGIBLE FIXED ASSETS

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

Improvements to property

-

Straight line over 10 years

Plant and machinery

-

25% on cost and Straight line over 20 years

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance, 20% on cost and not provided

Equipment

-

33% on cost

STOCKS

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 NIL (2024 - 2 ).

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st June 2024

and 31st May 2025

131,796

1,080,742

84,160

DEPRECIATION

At 1st June 2024

51,960

626,184

21,234

Charge for year

13,132

30,539

8,410

At 31st May 2025

65,092

656,723

29,644

NET BOOK VALUE

At 31st May 2025

66,704

424,019

54,516

At 31st May 2024

79,836

454,558

62,926

Motor

vehicles

Equipment

Totals

£

£

£

COST

At 1st June 2024

and 31st May 2025

132,437

17,011

1,446,146

DEPRECIATION

At 1st June 2024

66,008

11,890

777,276

Charge for year

9,964

1,330

63,375

At 31st May 2025

75,972

13,220

840,651

NET BOOK VALUE

At 31st May 2025

56,465

3,791

605,495

At 31st May 2024

66,429

5,121

668,870

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Trade debtors

1,038,118

1,493,530

Other debtors

1,474

59,307

VAT

-

3,297

Prepayments and accrued income

106,000

106,000

1,145,592

1,662,134

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Bank loans and overdrafts

189,945

326,935

Hire purchase contracts

15,323

10,558

Trade creditors

711,304

664,896

Corporation tax

169,426

64,911

Social security and other taxes

27,057

8,050

VAT

17,703

-

Other creditors

78

-

Accruals and deferred income

513,966

1,140,757

1,644,802

2,216,107

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/5/25

31/5/24

£

£

Bank loans due 1-2 years

93,813

202,262

Hire purchase contracts

17,500

32,823

Directors' loan accounts

343,875

392,058

455,188

627,143