Aeroco Aircraft Engineering Limited - Period Ending 2022-03-31

Aeroco Aircraft Engineering Limited

Contents

Profit and Loss Account and Statement of Retained Earnings	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 4

Aeroco Aircraft Engineering Limited

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 March 2022

		2022 £	2021 £
Turnover		2,178,884	1,960,221
Administrative expenses		(2,366,612)	(2,701,051)
Other operating income		187,728	740,830
Operating profit/(loss)		-	-
Profit/(loss) before tax		-	-
Profit/(loss) for the financial year		-	-
Retained earnings brought forward		-	-
Retained earnings carried forward		-	-

Aeroco Aircraft Engineering Limited

(Registration number: 08337076)
Balance Sheet as at 31 March 2022

	Note	2022 £	2021 £
Current assets
Debtors	4	724,650	369,507
Cash at bank and in hand		17	13
		724,667	369,520
Creditors: Amounts falling due within one year	5	(724,567)	(369,420)
Net assets		100	100
Capital and reserves
Called up share capital		100	100
Shareholders' funds		100	100

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report has been taken.

Approved and authorised by the Board on 12 July 2023 and signed on its behalf by:
 

......................................... Mr A P Lewin Director

......................................... Mr J R Bird Director

Aeroco Aircraft Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Units 6-9
Aurora Business Park
Stockport
SK3 0EF

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 72 (2021 - 85).

Aeroco Aircraft Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

4

Debtors

	2022 £	2021 £
Amounts owed by group undertakings	724,650	349,945
Other debtors	-	19,562
Total current trade and other debtors	724,650	369,507

5

Creditors

Creditors: amounts falling due within one year

	2022 £	2021 £
Due within one year
Taxation and social security	716,139	320,948
Other creditors	8,428	48,472
	724,567	369,420

6	Parent and ultimate parent undertaking

The company's immediate parent is Aeroco Holdings Limited, incorporated in England and Wales.

At the Balance Sheet date, the company’s ultimate parent was Aeroco Group Limited, incorporated in England and Wales. As of 5 July 2023, the ultimate parent is RW Aviation Limited, incorporated in England and Wales.