ACCOUNTS - Final Accounts

Company registration number: 09423742

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2026

	J & G AEROSPACE LIMITED


J & G AEROSPACE LIMITED REGISTERED NUMBER:09423742

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		264		15,834
			264		15,834
Current assets
Debtors: amounts falling due within one year	5	6,100		8,410
Bank and cash balances		123,466		28,501
		129,566		36,911
Creditors: amounts falling due within one year	6	(35,840)		(7,736)
Net current assets			93,726		29,175
Total assets less current liabilities			93,990		45,009

Net assets			93,990		45,009

Capital and reserves
Called up share capital	10	10
Profit and loss account	93,980	44,999
	93,990	45,009

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J & G AEROSPACE LIMITED REGISTERED NUMBER:09423742

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2026

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

H M Lees

Director

Date: 30 June 2026

The notes on pages 3 to 6 form part of these financial statements.

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J & G AEROSPACE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

J & G Aerospace Limited is a private company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's principal place of business is the same as the registered office and is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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J & G AEROSPACE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.5

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Plant and machinery	-	25% straight line
				RV12 aircraft	-	10% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 2 (2025 - 2).

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J & G AEROSPACE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

4.	Tangible fixed assets

	Plant and machinery	RV12 Aircraft	Total
	£	£	£
Cost or valuation
At 1 April 2025	10,639	51,590	62,229
Additions	145	-	145
Disposals	-	(51,590)	(51,590)
At 31 March 2026	10,784	-	10,784
Depreciation
At 1 April 2025	10,282	36,113	46,395
Charge for the year on owned assets	238	4,299	4,537
Disposals	-	(40,412)	(40,412)
At 31 March 2026	10,520	-	10,520
Net book value
At 31 March 2026	264	-	264
At 31 March 2025	357	15,477	15,834

Debtors

					2026	2025
					£	£


Trade debtors	2,575	8,410
Other debtors	3,525	-
	6,100	8,410

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J & G AEROSPACE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

6.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Corporation tax	17,918	1,837
Other taxation and social security	15,172	1,774
Other creditors	-	1,475
Accruals and deferred income	2,750	2,650
	35,840	7,736

7.	Transactions with director
		Brought forward 1 April 2025	Advance	Repaid	Carried forward 31 March 2026
		£	£	£	£


Director loan - (due to) / owed by director	(1,475)	5,000	-	3,525
	(1,475)	5,000	-	3,525

No interest has been applied on this loan in the year.

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