ELMS Aviation Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

ELMS Aviation Limited

Company Information

Directors

Mr W H Crook Mr K M Harris

Registered office

Unit 18 Melville Building East Royal William Yard Plymouth PL1 3GW

Accountants

Francis Clark LLP Centenary House Peninsula Park Rydon Lane Exeter Devon EX2 7XE

ELMS Aviation Limited

Balance Sheet

31 May 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	21,787	-
Tangible assets	5	300	-
		22,087	-
Current assets
Debtors	6	2,782,013	2,060,415
Cash at bank and in hand		11,501	12,866
		2,793,514	2,073,281
Creditors: Amounts falling due within one year	7	(1,586,734)	(1,051,372)
Net current assets		1,206,780	1,021,909
Total assets less current liabilities		1,228,867	1,021,909
Creditors: Amounts falling due after more than one year	7	(719,190)	(764,161)
Net assets		509,677	257,748
Capital and reserves
Called up share capital	9	100	100
Profit and loss account		509,577	257,648
Shareholders' funds		509,677	257,748

ELMS Aviation Limited

Balance Sheet

31 May 2025

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 14 July 2026 and signed on its behalf by:
 

......................................... Mr W H Crook Director

Company Registration Number: 09436348

ELMS Aviation Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 18
Melville Building East
Royal William Yard
Plymouth
PL1 3GW

The principal place of business is:
Third Floor
New Walker Hanger 1
Exeter International Airport
Exeter
EX5 2BA

These financial statements were authorised for issue by the Board on 14 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

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 Section 1A and the Companies Act 2006. There are no material departures from FRS 102 Section 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency of ELMS Aviation Limited is considered to be pounds sterling because this is the currency of the primary economic environment in which the company operates.

Going concern

Taking into account all available information about the future, the directors have assessed the ability of the company to continue as a going concern, and consider the going concern assumption is appropriate when preparing the financial statements. The directors are confident that the support will continue from associated companies under their control.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Contracts for services are recognised on a straight line basis over the contract period.

ELMS Aviation Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Leases

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

ELMS Aviation Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2025

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

ELMS Aviation Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2025

4	Intangible assets

	Website costs  £	Total £
Cost or valuation
Additions acquired	23,581	23,581
At 31 May 2025	23,581	23,581
Amortisation
Amortisation charge	1,794	1,794
At 31 May 2025	1,794	1,794
Carrying amount
At 31 May 2025	21,787	21,787

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
Additions	450	450
At 31 May 2025	450	450
Depreciation
Charge for the year	150	150
At 31 May 2025	150	150
Carrying amount
At 31 May 2025	300	300

6

Debtors

	Note	2025 £	2024 £
Trade debtors		194,979	102,315
Amounts owed by group undertakings and undertakings in which the company has a participating interest	10	2,335,198	1,853,663
Prepayments		1,413	-
Other debtors		250,423	104,437
		2,782,013	2,060,415

ELMS Aviation Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	152,525	205,451
Trade creditors		230,963	284,831
Taxation and social security		672,762	298,497
Accruals and deferred income		363,839	249,700
Other creditors		166,645	12,893
		1,586,734	1,051,372

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	719,190	764,161

ELMS Aviation Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2025

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	44,971
Other borrowings	719,190	719,190
	719,190	764,161

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	44,378	109,648
Other borrowings	108,147	95,803
	152,525	205,451

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

ELMS Aviation Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2025

10	Related party transactions

Related party loans

2025	Parent £	Key management £
At start of period	1,853,663	59,392
Advanced	481,535	1,485
At end of period	2,335,198	60,877

2024	Parent £	Key management £
At start of period	1,425,154	95,803
Advanced	500,806	1,440
Repaid	(72,297)	(40,000)
Interest transactions	-	2,149
At end of period	1,853,663	59,392

During the year, the company paid £nil (2024: £53,565) to the parent company in respect of management fees.

Terms of loans to related parties

Loans to the parent are interest free and repayable on demand.
 Loans owed by key management have interest charged at HMRC official rate and are repayable on demand.
 

11	Parent and ultimate parent undertaking

The company's immediate parent is Certa360 Limited, incorporated in England and Wales.

  These financial statements are available upon request from Companies House.