Company Registration No. 06875192 (England and Wales)
AEROSPACE CUTTING TOOL LIMITED
Unaudited accounts
for the year ended 30 April 2022
AEROSPACE CUTTING TOOL LIMITED
Unaudited accounts
Contents
AEROSPACE CUTTING TOOL LIMITED
Company Information
for the year ended 30 April 2022
Directors
RICHARDSON, Barry
COLLINS, Patrick John
MEYYAPPAN, Shamini
Company Number
06875192 (England and Wales)
Registered Office
20-22 WENLOCK ROAD
LONDON
N1 7GU
ENGLAND
Accountants
Rich Accounting
Acorn Business Centre
51 High Street
Grimethorpe
Barnsley
S72 7BB
AEROSPACE CUTTING TOOL LIMITED
Statement of financial position
as at
30 April 2022
Tangible assets
128,005
37,238
Cash at bank and in hand
25,945
49,462
Creditors: amounts falling due within one year
(8,605)
7,581
Net current assets
32,253
64,477
Total assets less current liabilities
160,258
101,715
Creditors: amounts falling due after more than one year
(83,837)
(37,973)
Called up share capital
200
200
Profit and loss account
76,221
63,542
Shareholders' funds
76,421
63,742
For the year ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 January 2023 and were signed on its behalf by
RICHARDSON, Barry
Director
Company Registration No. 06875192
AEROSPACE CUTTING TOOL LIMITED
Notes to the Accounts
for the year ended 30 April 2022
AEROSPACE CUTTING TOOL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06875192. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line
Motor vehicles
Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2021
-
66,195
14,072
80,267
Additions
604
134,402
375
135,381
Disposals
-
(66,195)
-
(66,195)
At 30 April 2022
604
134,402
14,447
149,453
At 1 May 2021
-
31,719
11,310
43,029
Charge for the year
201
8,901
1,035
10,137
On disposals
-
(31,718)
-
(31,718)
At 30 April 2022
201
8,902
12,345
21,448
At 30 April 2022
403
125,500
2,102
128,005
At 30 April 2021
-
34,476
2,762
37,238
AEROSPACE CUTTING TOOL LIMITED
Notes to the Accounts
for the year ended 30 April 2022
Amounts falling due within one year
Other debtors
6,976
6,966
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
6,198
(8,764)
Taxes and social security
2,407
5,062
Other creditors
-
(1,701)
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
58,647
37,973
8
Average number of employees
During the year the average number of employees was 3 (2021: 3).