Registered Number:04890694 |
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 August 2023
Smarter Air Charter Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Smarter Air Charter Ltd
Statement of Financial Position
2022
2023
1
73
2
Property, plant and equipment |
485
606
3
486
679
Trade and other receivables |
305,207
28,050
4
163,807
Cash and cash equivalents |
67,095
95,145
469,014
Trade and other payables: amounts falling due within one |
year |
(387,516)
(55,682)
5
81,498
39,463
Net current assets
Total assets less current liabilities |
39,949
82,177
Trade and other payables: amounts falling due after more |
than one year |
(31,120)
(27,756)
6
12,193
Net assets
51,057
4
4
12,189
51,053
12,193
51,057
Shareholders' funds
For the year ended 31 August 2023 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 of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Peter Lynch Williams Director |
These financial statements were approved and authorised for issue by the Board on 24 October 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 August 2023
Smarter Air Charter Ltd
Notes to the Financial Statements
Statutory Information
Smarter Air Charter Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 04890694. |
9 Malvern Road
Worcester
Worcestershire
WR2 4LE
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Motor vehicles
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account. |
2 of 4
For the year ended 31 August 2023
Smarter Air Charter Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
729
729
656
72
Charge for year
728
1
73
3. Property, plant and equipment |
7,428
6,526
902
902
6,526
7,428
Provision for depreciation and impairment |
6,822
5,920
902
Charge for year
121
121
-
6,943
6,041
902
-
485
485
-
606
606
4. Trade and other receivables |
2022
2023
14,950
17,950
13,100
287,257
305,207
28,050
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For the year ended 31 August 2023
Smarter Air Charter Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2022
2023
2,000
2,000
-
305,768
Taxation and social security |
68
16,187
53,614
63,561
55,682
387,516
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
27,756
31,120
7. Average number of persons employed |
During the year the average number of employees was 1 (2022 : 1)
4 of 4