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Report of the Directors and |
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Financial Statements for the Year Ended 31 August 2019 |
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Aviation and Tech Capital Ltd |
REGISTERED NUMBER:
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Report of the Directors and |
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Financial Statements for the Year Ended 31 August 2019 |
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for |
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Aviation and Tech Capital Ltd |
Aviation and Tech Capital Ltd (Registered number: 07940046) |
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Contents of the Financial Statements |
for the Year Ended 31 August 2019 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Income Statement | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 6 |
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Aviation and Tech Capital Ltd |
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Company Information |
for the Year Ended 31 August 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Wework Southbank Central |
30 Stamford Street |
London |
SE1 9PY |
Aviation and Tech Capital Ltd (Registered number: 07940046) |
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Report of the Directors |
for the Year Ended 31 August 2019 |
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The directors present their report with the financial statements of the company for the year ended 31 August 2019. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1 September 2018 to the date of this |
report. |
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Other changes in directors holding office are as follows: |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
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ON BEHALF OF THE BOARD: |
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Aviation and Tech Capital Ltd (Registered number: 07940046) |
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Income Statement |
for the Year Ended 31 August 2019 |
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31.8.19 | 31.8.18 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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46,244 | 10,515 |
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Other operating income |
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OPERATING PROFIT/(LOSS) | 4 |
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Interest receivable and similar income |
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46,244 | (14,575 | ) |
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Interest payable and similar expenses |
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PROFIT/(LOSS) BEFORE TAXATION |
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Tax on profit/(loss) |
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PROFIT FOR THE FINANCIAL YEAR |
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Aviation and Tech Capital Ltd (Registered number: 07940046) |
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Balance Sheet |
31 August 2019 |
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31.8.19 | 31.8.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
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Tangible assets | 6 |
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Investments | 7 |
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CURRENT ASSETS |
Debtors | 8 |
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Investments | 9 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 10 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings | ( |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
Aviation and Tech Capital Ltd (Registered number: 07940046) |
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Balance Sheet - continued |
31 August 2019 |
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The financial statements were approved by the Board of Directors and authorised for issue on
signed on its behalf by: |
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Aviation and Tech Capital Ltd (Registered number: 07940046) |
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Notes to the Financial Statements |
for the Year Ended 31 August 2019 |
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1. | STATUTORY INFORMATION |
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Aviation and Tech Capital Ltd is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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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. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Aviation and Tech Capital Ltd (Registered number: 07940046) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 August 2019 |
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4. | OPERATING PROFIT/(LOSS) |
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The operating profit (2018 - operating loss) is stated after charging: |
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31.8.19 | 31.8.18 |
£ | £ |
Depreciation - owned assets |
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Website amortisation |
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5. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
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COST |
At 1 September 2018 |
and 31 August 2019 |
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AMORTISATION |
At 1 September 2018 |
and 31 August 2019 |
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NET BOOK VALUE |
At 31 August 2019 |
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At 31 August 2018 |
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6. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 September 2018 |
and 31 August 2019 |
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DEPRECIATION |
At 1 September 2018 |
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Charge for year |
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At 31 August 2019 |
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NET BOOK VALUE |
At 31 August 2019 |
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At 31 August 2018 |
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Aviation and Tech Capital Ltd (Registered number: 07940046) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 August 2019 |
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7. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
At 1 September 2018 |
and 31 August 2019 |
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NET BOOK VALUE |
At 31 August 2019 |
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At 31 August 2018 |
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8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.19 | 31.8.18 |
£ | £ |
Trade debtors |
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Other debtors |
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9. | CURRENT ASSET INVESTMENTS |
31.8.19 | 31.8.18 |
£ | £ |
Other |
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10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.19 | 31.8.18 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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11. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.8.19 | 31.8.18 |
£ | £ |
Other creditors |
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Aviation and Tech Capital Ltd (Registered number: 07940046) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 August 2019 |
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12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 31 August 2019 and |
31 August 2018: |
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31.8.19 | 31.8.18 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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