West Of England Aerospace Forum Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04483380 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

West Of England Aerospace Forum Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr David James Gordon

Ms Jacqueline Louise Jacobs

Mr Peter Marchbank

Mr Benjamin Thomas Rhodes

Mr Neil Arthur Tolson

Mr Colin Maxwell Turner

Mr Christopher George Wilson

Mr Austin Laurence Chick

Mr Christopher John Hawkins

Mr Phillip Mason

Mr Keith Alan Wells

Miss Heidi Amy Wells

SECRETARY:

Gregg Latchams Wrh Executor & Trustees C

REGISTERED OFFICE:

6 Queen Square

Bristol

BS1 4JE

REGISTERED NUMBER:

04483380 (England and Wales)

ACCOUNTANTS:

Vatax Accounting Ltd

18 Marsden Street

Poundbury

Dorchester

Dorset

DT1 3DH

FIXED ASSETS

Intangible assets

4

-

13,288

Tangible assets

5

-

3,432

-

16,720

CURRENT ASSETS

Debtors

6

39,207

83,080

Cash at bank and in hand

330,845

373,405

370,052

456,485

CREDITORS

Amounts falling due within one year

7

(155,724

)

(204,765

)

NET CURRENT ASSETS

214,328

251,720

TOTAL ASSETS LESS CURRENT LIABILITIES

214,328

268,440

CREDITORS

Amounts falling due after more than one year

8

(40,278

)

(55,339

)

PROVISIONS FOR LIABILITIES

-

(20,572

)

NET ASSETS

174,050

192,529

RESERVES

Income and expenditure account

174,050

192,529

174,050

192,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2022 and were signed on its behalf by:

Mr Neil Arthur Tolson - Director

Mr Colin Maxwell Turner - Director

1.	STATUTORY INFORMATION

West Of England Aerospace Forum Limited is a private company, limited by guarantee , 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 etc

-

10% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit 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 4 (2021 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2021

and 31 March 2022

33,220

AMORTISATION

At 1 April 2021

19,932

Charge for year

13,288

At 31 March 2022

33,220

NET BOOK VALUE

At 31 March 2022

-

At 31 March 2021

13,288

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

and 31 March 2022

115,376

DEPRECIATION

At 1 April 2021

111,944

Charge for year

3,432

At 31 March 2022

115,376

NET BOOK VALUE

At 31 March 2022

-

At 31 March 2021

3,432

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

36,373

44,068

Other debtors

2,834

39,012

39,207

83,080

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

19,006

64,579

Taxation and social security

18,910

25,120

Other creditors

117,808

115,066

155,724

204,765

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Other creditors

40,278

55,339

Amounts falling due in more than five years:

Repayable by instalments

Bounce Back Loan

40,278

50,000