Civil Aviation Technical Training Soluti - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05846366 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020

FOR

CIVIL AVIATION TECHNICAL TRAINING

SOLUTIONS LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

Mr D L Owen

Mrs J C Owen

REGISTERED OFFICE:

Oakhurst

Town Lane

Mobberley

Cheshire

WA16 7EP

REGISTERED NUMBER:

05846366 (England and Wales)

ACCOUNTANTS:

Miller Roskell Limited

Chartered Certified Accountants

17 Victoria Road East

Thornton Cleveleys

Lancashire

FY5 5HT

FIXED ASSETS

Tangible assets

4

446,280

417,170

CURRENT ASSETS

Stocks

-

52,012

Debtors

219,943

323,874

Cash at bank and in hand

253,184

235,275

473,127

611,161

CREDITORS

Amounts falling due within one year

69,811

135,109

NET CURRENT ASSETS

403,316

476,052

TOTAL ASSETS LESS CURRENT LIABILITIES

849,596

893,222

PROVISIONS FOR LIABILITIES

1,323

926

NET ASSETS

848,273

892,296

CAPITAL AND RESERVES

Called up share capital

66

66

Capital redemption reserve

33

33

Retained earnings

848,174

892,197

SHAREHOLDERS' FUNDS

848,273

892,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 June 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 September 2020 and were signed on its behalf by:

Mr D L Owen - Director

Mrs J C Owen - Director

1.	STATUTORY INFORMATION

Civil Aviation Technical Training Solutions 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling

costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

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 8 (2019 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2019

461,412

Additions

32,410

Disposals

(1,394

)

At 30 June 2020

492,428

DEPRECIATION

At 1 July 2019

44,242

Charge for year

1,906

At 30 June 2020

46,148

NET BOOK VALUE

At 30 June 2020

446,280

At 30 June 2019

417,170

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2020 and

30 June 2019:

2020

2019

£

£

Mr D L Owen and Mrs J C Owen

Balance outstanding at start of year

15,441

-

Amounts advanced

1,278

15,441

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,719

15,441

6.	RELATED PARTY DISCLOSURES

The directors operated loan accounts with the company. The aggregate balance owed to the directors

at 30 June 2020 was £(16,719) - (£15,441 - 2019).

During the period the directors charged the company £2,777 (£4,260 - 2019) under the revenue

approved mileage scheme.

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D L Owen.

The company is controlled by Mr D Owen, who together with his wife Mrs J Owen, own 100% of the

issued share capital.

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Statement of Financial Position. Readers are cautioned that the Abridged

Income Statement and certain other primary statements and the Report of the Directors are not

required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Civil Aviation Technical Training Solutions Limited for the year ended

30 June 2020 which comprise the Abridged Income Statement, Abridged Statement of Financial Position and

the related notes from the company's accounting records and from information and explanations you have

given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Civil Aviation Technical Training Solutions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Civil Aviation Technical Training Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Civil Aviation Technical Training Solutions Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Civil Aviation Technical Training Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Civil Aviation Technical Training Solutions Limited. You consider that Civil Aviation Technical Training Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Civil Aviation Technical Training Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Miller Roskell Limited

Chartered Certified Accountants

17 Victoria Road East

Thornton Cleveleys

Lancashire

FY5 5HT

16 September 2020