Avionics Support (UK) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07613215 (England and Wales)

Financial Statements

for the Year Ended 31st October 2019

for

AVIONICS SUPPORT (UK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J Ferrett

Mrs J Ferrett

SECRETARY:

Mrs J Ferrett

REGISTERED OFFICE:

The Coach House

The Street

Betchworth

Surrey

RH3 7DJ

REGISTERED NUMBER:

07613215 (England and Wales)

ACCOUNTANTS:

Braidwood Wheeler & Co

Chartered Certified Accountants

Goodman House

13a West Street

Reigate

Surrey

RH2 9BL

FIXED ASSETS

Tangible assets

4

2,895

3,858

CURRENT ASSETS

Debtors

5

27,018

7,004

Cash at bank

78,729

112,338

105,747

119,342

CREDITORS

Amounts falling due within one year

6

41,691

31,734

NET CURRENT ASSETS

64,056

87,608

TOTAL ASSETS LESS CURRENT LIABILITIES

66,951

91,466

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

65,951

90,466

SHAREHOLDERS' FUNDS

66,951

91,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th June 2020 and were signed on its behalf by:

M J Ferrett - Director

1.	STATUTORY INFORMATION

Avionics Support (UK) Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current tax only. Tax is recognised in the Statement of Income and Retained

Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st November 2018

and 31st October 2019

7,140

4,408

11,548

DEPRECIATION

At 1st November 2018

5,037

2,653

7,690

Charge for year

525

438

963

At 31st October 2019

5,562

3,091

8,653

NET BOOK VALUE

At 31st October 2019

1,578

1,317

2,895

At 31st October 2018

2,103

1,755

3,858

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

23,452

3,438

Corporation tax

3,566

3,566

27,018

7,004

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

1,711

-

Amounts owed to associates

8,610

8,256

Corporation tax

620

5,413

VAT

413

1,316

Credit card balance due

183

-

Other creditors

2,271

2,491

Directors' current accounts

26,443

12,818

Accrued expenses

1,440

1,440

41,691

31,734

7.	ULTIMATE CONTROLLING PARTY

The controlling party is M J Ferrett.