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Company Registration No. 12688515 (England and Wales)
Red Aviation Limited Unaudited accounts for the year ended 30 June 2026
Red Aviation Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Red Aviation Limited Company Information for the year ended 30 June 2026
Director
Michael Macpherson
Company Number
12688515 (England and Wales)
Registered Office
School Master's House College Street Petersfield GU31 4AG
Accountants
Newnham & Son Ltd School Master's House 39 College Street Petersfield Hampshire GU31 4AG
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Red Aviation Limited Statement of financial position as at 30 June 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
2,292
930
Current assets
Debtors
5
6,857
12,049
Cash at bank and in hand
5,509
2,272
12,366
14,321
Creditors: amounts falling due within one year
6
(14,202)
(15,250)
Net current liabilities
(1,836)
(929)
Net assets
456
1
Capital and reserves
Called up share capital
1
1
Profit and loss account
455
-
Shareholders' funds
456
1
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 15 August 2026 and were signed on its behalf by
Michael Macpherson Director Company Registration No. 12688515
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Red Aviation Limited Notes to the Accounts for the year ended 30 June 2026
1
Statutory information
Red Aviation Limited is a private company, limited by shares, registered in England and Wales, registration number 12688515. The registered office is School Master's House, College Street, Petersfield, GU31 4AG.
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 as modified by the revaluation of certain fixed assets.
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:
Computer equipment
33% reducing balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 July 2025
-
1,828
1,828
Additions
899
816
1,715
At 30 June 2026
899
2,644
3,543
Depreciation
At 1 July 2025
-
898
898
Charge for the year
12
341
353
At 30 June 2026
12
1,239
1,251
Net book value
At 30 June 2026
887
1,405
2,292
At 30 June 2025
-
930
930
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Red Aviation Limited Notes to the Accounts for the year ended 30 June 2026
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
(2,184)
3,149
Accrued income and prepayments
-
1,440
Other debtors
9,041
-
6,857
4,589
Amounts falling due after more than one year
Other debtors
-
7,460
6
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
3,787
5,300
Trade creditors
-
3,456
Taxes and social security
10,415
6,494
14,202
15,250
7
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Michael Macpherson
Director's Loan
7,255
1,786
-
9,041
7,255
1,786
-
9,041
All amounts advanced represent short-term funding movements between the director and the company. No guarantees have been given. The outstanding balance is due to be repaid within nine months of the company’s year end, in line with the statutory timeframe for avoiding a tax charge under s.455 Corporation Tax Act 2010.
8
Average number of employees
During the year the average number of employees was 1 (2025: 1).
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