Company registration number 05346249 (England and Wales)
JAIVEL AEROSPACE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
JAIVEL AEROSPACE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
JAIVEL AEROSPACE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
-
0
24,601
Current assets
Debtors
5
62,265
221,039
Cash at bank and in hand
573,277
874,143
635,542
1,095,182
Creditors: amounts falling due within one year
6
(9,800)
(298,049)
Net current assets
625,742
797,133
Net assets
625,742
821,734
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
624,742
820,734
Total equity
625,742
821,734

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 June 2026 and are signed on its behalf by:
Mrs R V Vachhani
Director
Company registration number 05346249 (England and Wales)
JAIVEL AEROSPACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

Jaivel Aerospace Limited is a private company limited by shares incorporated in England and Wales. The registered office is Jaivel House, 36 Hermitage Way, Mansfield, Nottinghamshire, NG18 5ES.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax. R evenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

The company recognises revenue from the following major sources:

- Engineering design and manufacturing services

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Engineering design and manufacturing services

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

JAIVEL AEROSPACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 3 -
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible 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). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

JAIVEL AEROSPACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are 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.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
2
3
JAIVEL AEROSPACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
4
Tangible fixed assets
Plant and equipment
£
Cost
At 1 April 2025
188,139
Disposals
(188,139)
At 31 March 2026
-
0
Depreciation and impairment
At 1 April 2025
163,538
Depreciation charged in the year
6,150
Eliminated in respect of disposals
(169,688)
At 31 March 2026
-
0
Carrying amount
At 31 March 2026
-
0
At 31 March 2025
24,601
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
62,265
215,461
Other debtors
-
0
162
Prepayments and accrued income
-
0
5,416
62,265
221,039
6
Creditors: amounts falling due within one year
2026
2025
£
£
Amounts owed to group undertakings
-
0
126,063
Taxation and social security
7,300
44,317
Other creditors
-
0
18,713
Accruals and deferred income
2,500
108,956
9,800
298,049
JAIVEL AEROSPACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2026 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Mr Phillip Nicholson
Statutory Auditor:
Stopfords (Mansfield) Limited
Date of audit report:
26 June 2026
8
Related party transactions

The following amounts were outstanding at the reporting end date:

2026
2025
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
-
0
126,063
9
Parent company

The company's parent undertaking is Jaivel Techno Services Pvt Limited, a company incorporated in India.

The company is ultimate ly controlled by Mr V K Vachhani.

2026-03-31 2025-04-01 false false false 26 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mrs R V Vachhani Mr Vipulkumar Vachhani Mrs R V Vachhani 05346249 2025-04-01 2026-03-31 05346249 2026-03-31 05346249 2025-03-31 05346249 core:PlantMachinery 2026-03-31 05346249 core:PlantMachinery 2025-03-31 05346249 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 05346249 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 05346249 core:ShareCapital 2026-03-31 05346249 core:ShareCapital 2025-03-31 05346249 core:RetainedEarningsAccumulatedLosses 2026-03-31 05346249 core:RetainedEarningsAccumulatedLosses 2025-03-31 05346249 bus:CompanySecretaryDirector1 2025-04-01 2026-03-31 05346249 core:PlantMachinery 2025-04-01 2026-03-31 05346249 2024-04-01 2025-03-31 05346249 core:PlantMachinery 2025-03-31 05346249 core:CurrentFinancialInstruments 2026-03-31 05346249 core:CurrentFinancialInstruments 2025-03-31 05346249 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2026-03-31 05346249 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 05346249 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 05346249 bus:FRS102 2025-04-01 2026-03-31 05346249 bus:Audited 2025-04-01 2026-03-31 05346249 bus:Director1 2025-04-01 2026-03-31 05346249 bus:Director2 2025-04-01 2026-03-31 05346249 bus:CompanySecretary1 2025-04-01 2026-03-31 05346249 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP