Avionics Support Sales Limited - Accounts to registrar (filleted) - small 18.2

Avionics Support Sales Limited - Accounts to registrar (filleted) - small 18.2

AVIONICS SUPPORT SALES LIMITED - Company Information

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REGISTERED NUMBER: 09418864 (England and Wales)











Financial Statements

for the Year Ended 31st October 2019

for

AVIONICS SUPPORT SALES LIMITED
Braidwood Wheeler & Co
Chartered Certified Accountants
Goodman House
13a West Street
Reigate
Surrey
RH2 9BL








AVIONICS SUPPORT SALES LIMITED (REGISTERED NUMBER: 09418864)






Contents of the Financial Statements
for the year ended 31st October 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AVIONICS SUPPORT SALES LIMITED

Company Information
for the year ended 31st October 2019







DIRECTORS: Mrs J A Ferrett
M J Ferrett
N T J Duggan
L S Fagence





REGISTERED OFFICE: The Coach House
The Street
Betchworth
Surrey
RH3 7DJ





REGISTERED NUMBER: 09418864 (England and Wales)





ACCOUNTANTS: Braidwood Wheeler & Co
Chartered Certified Accountants
Goodman House
13a West Street
Reigate
Surrey
RH2 9BL
Page 1
AVIONICS SUPPORT SALES LIMITED (REGISTERED NUMBER: 09418864)

Balance Sheet
31st October 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,108 810

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 202,454 224,133
Cash at bank and in hand 139,063 89,874
351,517 324,007
CREDITORS
Amounts falling due within one year 6 151,771 185,191
NET CURRENT ASSETS 199,746 138,816
TOTAL ASSETS LESS CURRENT
LIABILITIES
201,854
139,626

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 200,854 138,626
SHAREHOLDERS' FUNDS 201,854 139,626

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:





Mrs J A Ferrett - Director


The notes form part of these financial statements

Page 2
AVIONICS SUPPORT SALES LIMITED (REGISTERED NUMBER: 09418864)

Notes to the Financial Statements
for the year ended 31st October 2019

1. STATUTORY INFORMATION

Avionics Support Sales Limited 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.

Taxation
Taxation for the year comprises current tax. 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 5 (2018 - 6 ) .

Page 3 continued...
AVIONICS SUPPORT SALES LIMITED (REGISTERED NUMBER: 09418864)

Notes to the Financial Statements - continued
for the year ended 31st October 2019

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st November 2018 1,918
Additions 1,999
At 31st October 2019 3,917
DEPRECIATION
At 1st November 2018 1,108
Charge for year 701
At 31st October 2019 1,809
NET BOOK VALUE
At 31st October 2019 2,108
At 31st October 2018 810

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 166,642 199,163
Amounts owed by associates 8,793 8,256
VAT 26,252 16,714
Prepayments 767 -
202,454 224,133

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts - 1,620
Trade creditors 95,788 138,096
Corporation tax 16,844 23,665
Social security and other taxes 9,114 5,557
Other creditors 22,770 10,886
Sundry creditors 5,405 2,785
Directors' current accounts - 782
Accrued expenses 1,850 1,800
151,771 185,191

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
1,000 Ordinary £1 1,000 1,000

Page 4 continued...
AVIONICS SUPPORT SALES LIMITED (REGISTERED NUMBER: 09418864)

Notes to the Financial Statements - continued
for the year ended 31st October 2019

8. ULTIMATE CONTROLLING PARTY

The controlling party is L S Fagence.

Page 5