REGISTERED NUMBER: 06949874 (England and Wales)

Financial Statements

for the Year Ended 31 October 2025

for

MicroAvionics UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E G Cartwright

Mrs M L Cartwright

SECRETARY:

Mrs M L Cartwright

REGISTERED OFFICE:

The Mills

Canal Street

Derby

Derbyshire

DE1 2RJ

REGISTERED NUMBER:

06949874 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

74,625

82,941

CURRENT ASSETS

Stocks

181,656

253,333

Debtors

5

305,901

117,532

Investments

6

68,433

153,082

Cash at bank

422,494

481,483

978,484

1,005,430

CREDITORS

Amounts falling due within one year

7

130,657

171,314

NET CURRENT ASSETS

847,827

834,116

TOTAL ASSETS LESS CURRENT LIABILITIES

922,452

917,057

PROVISIONS FOR LIABILITIES

18,656

20,735

NET ASSETS

903,796

896,322

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

903,696

896,222

SHAREHOLDERS' FUNDS

903,796

896,322

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

E G Cartwright - Director

1.	STATUTORY INFORMATION

MicroAvionics UK 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.

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 represents net invoiced sales of goods, excluding value added tax. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the agreed upon payment will be received.

Tangible fixed assets

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

Plant and equipment

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for slow moving and obsolete items. Cost represents the invoiced cost of materials and parts on a first in first out basis and an appropriate amount of fixed and variable overheads.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Current asset investments

Current asset investments are measured at fair value at the balance sheet date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss and subsequently transferred to a fair value reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2024

21,417

103,163

930

125,510

Additions

3,625

-

1,499

5,124

At 31 October 2025

25,042

103,163

2,429

130,634

DEPRECIATION

At 1 November 2024

12,624

29,635

310

42,569

Charge for year

1,726

11,030

684

13,440

At 31 October 2025

14,350

40,665

994

56,009

NET BOOK VALUE

At 31 October 2025

10,692

62,498

1,435

74,625

At 31 October 2024

8,793

73,528

620

82,941

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

77,397

97,032

Amounts owed by group undertakings

210,689

-

Other debtors

17,815

18,689

Directors' current accounts

-

1,811

305,901

117,532

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Corporate investment

68,433

153,082

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

25,929

41,455

Tax

40,372

74,353

Social security and other taxes

11,071

9,369

Other creditors

53,285

46,137

130,657

171,314