Duplex Aviation Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03389736 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

FOR

DUPLEX AVIATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P M Bird

Mrs A J Bird

SECRETARY:

Mrs A J Bird

REGISTERED OFFICE:

17 Cedar Close

Market Deeping

Peterborough

PE6 8BD

REGISTERED NUMBER:

03389736 (England and Wales)

ACCOUNTANTS:

Philip Barnes & Co Limited

Chartered Accountants

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Tangible assets

4

244

2,138

CURRENT ASSETS

Debtors

5

11,439

16,733

Cash at bank

16,915

22,191

28,354

38,924

CREDITORS

Amounts falling due within one year

6

7,980

11,227

NET CURRENT ASSETS

20,374

27,697

TOTAL ASSETS LESS CURRENT LIABILITIES

20,618

29,835

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

20,616

29,833

SHAREHOLDERS' FUNDS

20,618

29,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2022 and were signed on its behalf by:

Mrs A J Bird - Director

1.	STATUTORY INFORMATION

Duplex Aviation 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover

Turnover represents invoiced sales of services.

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

-

33% on cost and 20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax

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

3.

EMPLOYEES

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 July 2020

3,362

2,900

6,262

Additions

329

-

329

Disposals

-

(2,900

)

(2,900

)

At 30 June 2021

3,691

-

3,691

DEPRECIATION

At 1 July 2020

3,331

793

4,124

Charge for year

116

-

116

Eliminated on disposal

-

(793

)

(793

)

At 30 June 2021

3,447

-

3,447

NET BOOK VALUE

At 30 June 2021

244

-

244

At 30 June 2020

31

2,107

2,138

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

325

235

Other debtors

11,114

16,498

11,439

16,733

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation and social security

6,455

10,477

Other creditors

1,525

750

7,980

11,227

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2021

2020

value:

£

£

2

Ordinary

£1

2

2

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is £9,923 (2020 - £14,812) due from the directors. Interest, calculated at the applicable official beneficial loan interest rate, of £494 (2020 - £503) has been paid on the amounts due. There are no fixed repayment terms.