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Company Registration No. 09822591 (England and Wales)
Aviation Systems Group Ltd Unaudited accounts for the year ended 31 March 2026
Aviation Systems Group Ltd Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Aviation Systems Group Ltd Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
20,594
10,964
Investments
5
12,206
22,676
32,800
33,640
Current assets
Inventories
180,919
414,234
Debtors
6
729,004
145,828
Cash at bank and in hand
540,661
554,636
1,450,584
1,114,698
Creditors: amounts falling due within one year
7
(909,286)
(581,937)
Net current assets
541,298
532,761
Total assets less current liabilities
574,098
566,401
Creditors: amounts falling due after more than one year
8
(17,058)
(22,701)
Net assets
557,040
543,700
Capital and reserves
Called up share capital
9
23,986
23,986
Capital redemption reserve
22
22
Profit and loss account
533,032
519,692
Shareholders' funds
557,040
543,700
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2026 and were signed on its behalf by
A Geal Director Company Registration No. 09822591
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Aviation Systems Group Ltd Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Aviation Systems Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 09822591. The registered office is 2 Bailey Hill, Castle Cary, Somerset, BA7 7AD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in Sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Computer equipment
33% straight line
Investments
Investments in shares are included at fair value.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Aviation Systems Group Ltd Notes to the Accounts for the year ended 31 March 2026
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2025
31,215
29,180
60,395
Additions
18,374
3,231
21,605
At 31 March 2026
49,589
32,411
82,000
Depreciation
At 1 April 2025
29,229
20,202
49,431
Charge for the year
7,264
4,711
11,975
At 31 March 2026
36,493
24,913
61,406
Net book value
At 31 March 2026
13,096
7,498
20,594
At 31 March 2025
1,986
8,978
10,964
5
Investments
Subsidiary undertakings
Other investments
Total
£
£
£
Valuation at 1 April 2025
520
22,156
22,676
Fair value adjustments
-
(9,950)
(9,950)
Disposals
(520)
-
(520)
Valuation at 31 March 2026
-
12,206
12,206
6
Debtors
2026
2025
£
£
Amounts falling due within one year
VAT
3,493
-
Trade debtors
724,171
120,525
Accrued income and prepayments
1,340
409
729,004
120,934
Amounts falling due after more than one year
Amounts due from group undertakings etc.
-
24,894
7
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
5,611
5,556
VAT
-
16,392
Trade creditors
767,632
56,684
Taxes and social security
97,344
130,122
Other creditors
390
144
Loans from directors
432
-
Accruals
37,877
373,039
909,286
581,937
- 5 -
Aviation Systems Group Ltd Notes to the Accounts for the year ended 31 March 2026
8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
17,058
22,701
Aggregate of amounts that fall due for payment after five years
-
925
9
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
23,986 Ordinary shares of £1 each
23,986
23,986
10
Operating lease commitments
2026
2025
£
£
At 31 March 2026 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
1,020
11
Average number of employees
During the year the average number of employees was 6 (2025: 6).
- 6 -