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Registered number: 02990055
Orange Aero Limited
Financial Statements
For The Year Ended 31 January 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—9
Page 1
Balance Sheet
Registered number: 02990055
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 729,791 753,934
729,791 753,934
CURRENT ASSETS
Stocks 5 1,957,925 2,383,938
Debtors 6 3,705,768 2,324,487
Cash at bank and in hand 1,587,686 2,150,926
7,251,379 6,859,351
Creditors: Amounts Falling Due Within One Year 7 (722,991 ) (715,200 )
NET CURRENT ASSETS (LIABILITIES) 6,528,388 6,144,151
TOTAL ASSETS LESS CURRENT LIABILITIES 7,258,179 6,898,085
Creditors: Amounts Falling Due After More Than One Year 8 (60,743 ) (175,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (52,645 ) (49,074 )
NET ASSETS 7,144,791 6,674,011
CAPITAL AND RESERVES
Called up share capital 11 910 910
Profit and Loss Account 7,143,881 6,673,101
SHAREHOLDERS' FUNDS 7,144,791 6,674,011
Page 1
Page 2
For the year ending 31 January 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S C Jeffs
Director
19 October 2026
The notes on pages 3 to 9 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Orange Aero Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02990055 . The registered office is Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA.
The company's principal activity continues to be that of the supply of aero and industrial gas turbine engines and components.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:
Sale of goods
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
  • the Company has transferred the significant risks and rewards of ownership to the buyer;
  • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
  • the amount of turnover can be measured reliably;
  • it is probable that the Company will receive the consideration due under the transaction; and
  • the costs incurred or to be incurred in respect of the transaction can be measured reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold not depreciated
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Office Equipment 25% reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
2.6. Cash and Cash Equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
2.7. Interest Receivable
Interest income is recognised in profit or loss using the effective interest method.
2.8. Interest Payable
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
2.9. Foreign Currencies
Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
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2.10. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.11. Pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
2.12. Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2025: 9)
9 9
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 February 2025 516,841 156,718 283,437 33,876
Additions - - 113,870 2,834
Disposals - - (151,572 ) -
As at 31 January 2026 516,841 156,718 245,735 36,710
Depreciation
As at 1 February 2025 - 109,828 123,472 23,590
Provided during the period - 11,735 24,538 3,083
Disposals - - (51,632 ) -
As at 31 January 2026 - 121,563 96,378 26,673
Net Book Value
As at 31 January 2026 516,841 35,155 149,357 10,037
As at 1 February 2025 516,841 46,890 159,965 10,286
Office Equipment Total
£ £
Cost
As at 1 February 2025 45,696 1,036,568
Additions 4,719 121,423
Disposals (2,329 ) (153,901 )
As at 31 January 2026 48,086 1,004,090
Depreciation
As at 1 February 2025 25,744 282,634
Provided during the period 5,648 45,004
Disposals (1,707 ) (53,339 )
As at 31 January 2026 29,685 274,299
Net Book Value
As at 31 January 2026 18,401 729,791
As at 1 February 2025 19,952 753,934
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5. Stocks
2026 2025
£ £
Stock 1,957,925 2,383,938
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 790,277 414,504
Other debtors 2,915,491 1,909,983
3,705,768 2,324,487
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 8,845 -
Trade creditors 63,168 2,785
Bank loans and overdrafts 175,000 300,000
Other creditors 259,570 216,674
Taxation and social security 216,408 195,741
722,991 715,200
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 60,743 -
Bank loans - 175,000
60,743 175,000
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9. Loans
An analysis of the maturity of loans is given below:
2026 2025
£ £
Amounts falling due within one year or on demand:
Bank loans 175,000 300,000
2026 2025
£ £
Amounts falling due between one and five years:
Bank loans - 175,000
10. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,845 -
Later than one year and not later than five years 60,743 -
69,588 -
69,588 -
11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 910 910
12. Directors Advances, Credits and Guarantees
Included in other creditors due within one year are loans from the director, Mr S C Jeffs amounting to £NIL (2025 - £(111,864)).
Included in other debtors due within one year is a loan to the director, Mr S C Jeffs amounting to £429,251 (2025 - £NIL)
13. Related Party Disclosures
The director and shareholder, Mr S C Jeffs, is also a director and shareholder in Brooklands Watch Company Limited, a company incorporated in England and Wales.
At the end of the year £2,319,138 (2025 - £1,627,357) was due from Brooklands Watch Company Limited. This amount is included in other debtors.
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14. Controlling Parties
The directors consider Orange Aero Holdings Limited to be the controlling party, by virtue of the fact that the Company owns all of the ordinary issued share capital in Orange Aero Limited.
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