AEROSPACE_CONSTRUCTION_LI - Accounts

AEROSPACE CONSTRUCTION LIMITED - Company Information

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Company Registration No. 00616714 (England and Wales)

AEROSPACE CONSTRUCTION

LIMITED

ANNUAL REPORT AND UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 OCTOBER 2019

PAGES FOR FILING WITH REGISTRAR

TWP Accounting LLP

Chartered Accountants

The Old Rectory

Church Street

Weybridge

Surrey

KT13 8DE

AEROSPACE CONSTRUCTION LIMITED

CONTENTS

Page

Balance sheet

Notes to the financial statements

2 - 3

AEROSPACE CONSTRUCTION LIMITED

Company Registration No. 00616714

BALANCE SHEET

AS AT

31 OCTOBER 2019

- 1 -

2019

2018

Notes

Current assets

Debtors

100

Net current assets

100

Capital and reserves

Called up share capital

100

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 7 February 2020

J L Munk

Director

AEROSPACE CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2019

- 2 -

Accounting policies

Company information

Aerospace Construction Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Rectory, Church Street, Weybridge, Surrey, KT13 8DE.

1.1

Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2

Profit and loss account

The company has not traded during the year or the preceding financial period. During this time the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.3

Financial instruments

Basic financial assets

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Basic financial liabilities

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors

2019

2018

Amounts falling due within one year:

Other debtors

100

Called up share capital

2019

2018

Ordinary share capital

Issued and fully paid

100 Ordinary Shares of £1 each

100

AEROSPACE CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2019

- 3 -

Ultimate parent company

The parent undertaking is Maritek Holdings Limited, a company incorporated in England and Wales.

There is no ultimate controlling party.