REGISTERED NUMBER: 15765645 (England and Wales)

Audited Financial Statements

for the Period 6 June 2024 to 30 June 2025

for

Aircrafters Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D M Bell

A Cohn

REGISTERED OFFICE:

Mead Lane Warehouse

Mead Lane

Lydney

Gloucestershire

GL15 5EL

REGISTERED NUMBER:

15765645 (England and Wales)

AUDITORS:

Bennett Brooks & Co Limited

Chartered Accountants

& Statutory Auditors

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

CREDITORS

Amounts falling due within one year

4

(36,490

)

NET CURRENT LIABILITIES

(36,490

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(36,490

)

CAPITAL AND RESERVES

Called up share capital

5

1

Retained earnings

(36,491

)

SHAREHOLDERS' FUNDS

(36,490

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2026 and were signed on its behalf by:

D M Bell - Director

1.	STATUTORY INFORMATION

Aircrafters Ltd is a private company, limited by shares, incorporated and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The principal activity of the Company is that of airplane wheel repairs.

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.

The company was incorporated on 6 June 2024. These financial statements cover the initial, longer period of accounts from the date of incorporation to 30 June 2025, a total of 13 months.This period was chosen to capture a longer first trading stretch and align to the month end of June.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from proceeds.

Going concern

It is management's intention to move the trade of the company to another group company and wind up this company. As a result, the company’s accounts have been prepared on a basis other than going concern. There have been no adjustments made to the financial statements as a result of the application of the basis other than going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

26,955

Taxation and social security

835

Other creditors

8,700

36,490

5.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

The share capital has full rights regarding voting, payment of dividends and distributions.

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Independent Auditors was unqualified.

Emphasis of matter - prepared on a basis other than going concern

We draw attention to the going concern paragraph in the notes to the financial statements which explains that the directors intend to transfer the trade of the company to another group company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern.

Our opinion is not modified in respect of this matter.

The Report of the Independent Auditors was signed by:

Matthew Bailey BSc (Hons) FCA (Senior Statutory Auditor)

for and on behalf of Bennett Brooks & Co Limited

7.	ULTIMATE CONTROLLING PARTY

At the balance sheet date, the Company's parent entity and ultimate controlling party was Aero 3 Inc. Aero 3 Inc's registered address is 10 Commerce Park N., Bedford, NH 03110, USA. Aero 3 Inc. heads up the smallest group which these financial statements are consolidated into.

Post year end on 23 December 2025, The VSE Corporation acquired the company's immediate parent, Aero 3, Inc. and therefore was the company's ultimate controlling party from this date.