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 2021

for

West Of England Aerospace Forum Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

MR Simon Andrew Barker

MR Russell John Gallon

MR David James Gordon

MS Jacqueline Louise Jacobs

MR Edward John Jones

MR Peter Marchbank

MR Benjamin Thomas Rhodes

MR Christopher John Steel

MR Neil Arthur Tolson

MR Colin Maxwell Turner

MR Christopher George Wilson

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

19,932

Tangible assets

5

3,432

4,058

16,720

23,990

CURRENT ASSETS

Debtors

6

83,080

183,129

Cash at bank and in hand

373,405

232,969

456,485

416,098

CREDITORS

Amounts falling due within one year

7

(204,765

)

(216,306

)

NET CURRENT ASSETS

251,720

199,792

TOTAL ASSETS LESS CURRENT LIABILITIES

268,440

223,782

CREDITORS

Amounts falling due after more than one year

8

(55,339

)

(11,369

)

PROVISIONS FOR LIABILITIES

(20,572

)

(10,000

)

NET ASSETS

192,529

202,413

RESERVES

Income and expenditure account

192,529

202,413

192,529

202,413

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 23 November 2021 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 5 (2020 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2020

and 31 March 2021

33,220

AMORTISATION

At 1 April 2020

13,288

Charge for year

6,644

At 31 March 2021

19,932

NET BOOK VALUE

At 31 March 2021

13,288

At 31 March 2020

19,932

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

and 31 March 2021

115,376

DEPRECIATION

At 1 April 2020

111,318

Charge for year

626

At 31 March 2021

111,944

NET BOOK VALUE

At 31 March 2021

3,432

At 31 March 2020

4,058

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

44,068

30,680

Other debtors

39,012

152,449

83,080

183,129

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

64,579

68,631

Taxation and social security

25,120

25,005

Other creditors

115,066

122,670

204,765

216,306

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Other creditors

55,339

11,369

Amounts falling due in more than five years:

Repayable by instalments

Bounce Back Loan

50,000

-