Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.120108true 09462666 2022-04-01 2023-03-31 09462666 2023-03-31 09462666 2021-04-01 2022-03-31 09462666 2022-03-31 09462666 c:Director1 2022-04-01 2023-03-31 09462666 c:RegisteredOffice 2022-04-01 2023-03-31 09462666 d:PlantMachinery 2022-04-01 2023-03-31 09462666 d:PlantMachinery 2023-03-31 09462666 d:PlantMachinery 2022-03-31 09462666 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09462666 d:FurnitureFittings 2022-04-01 2023-03-31 09462666 d:FurnitureFittings 2023-03-31 09462666 d:FurnitureFittings 2022-03-31 09462666 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09462666 d:OfficeEquipment 2022-04-01 2023-03-31 09462666 d:OfficeEquipment 2023-03-31 09462666 d:OfficeEquipment 2022-03-31 09462666 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09462666 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09462666 d:CurrentFinancialInstruments 2023-03-31 09462666 d:CurrentFinancialInstruments 2022-03-31 09462666 d:Non-currentFinancialInstruments 2023-03-31 09462666 d:Non-currentFinancialInstruments 2022-03-31 09462666 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09462666 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09462666 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09462666 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 09462666 d:ShareCapital 2023-03-31 09462666 d:ShareCapital 2022-03-31 09462666 d:RetainedEarningsAccumulatedLosses 2023-03-31 09462666 d:RetainedEarningsAccumulatedLosses 2022-03-31 09462666 c:FRS102 2022-04-01 2023-03-31 09462666 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09462666 c:FullAccounts 2022-04-01 2023-03-31 09462666 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09462666 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-03-31 09462666 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-03-31 09462666 d:LeasedAssetsHeldAsLessee 2023-03-31 09462666 d:LeasedAssetsHeldAsLessee 2022-03-31 iso4217:GBP xbrli:pure
Company registration number 09462666







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


ANDERSON YOUNG AVIATION LIMITED






































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ANDERSON YOUNG AVIATION LIMITED
 


 
COMPANY INFORMATION


Director
Mr S J Hayden-Stapf 




Registered number
09462666



Registered office
Suite A
1st Floor Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


ANDERSON YOUNG AVIATION LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


ANDERSON YOUNG AVIATION LIMITED
REGISTERED NUMBER:09462666



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
240,104
260,826

  
240,104
260,826

Current assets
  

Debtors: amounts falling due within one year
 5 
1,750,022
1,529,941

Cash at bank and in hand
  
134,899
132,821

  
1,884,921
1,662,762

Creditors: amounts falling due within one year
 6 
(1,879,507)
(1,600,988)

Net current assets
  
 
 
5,414
 
 
61,774

Total assets less current liabilities
  
245,518
322,600

Creditors: amounts falling due after more than one year
 7 
(161,421)
(264,168)

Provisions for liabilities
  

Deferred tax
  
(56,605)
(40,667)

  
 
 
(56,605)
 
 
(40,667)

Net assets
  
27,492
17,765


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
27,392
17,665

  
27,492
17,765


Page 1

 


ANDERSON YOUNG AVIATION LIMITED
REGISTERED NUMBER:09462666


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr S J Hayden-Stapf
Director

Date: 10 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


ANDERSON YOUNG AVIATION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Anderson Young Aviation Limited is a private Company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the registered office is disclosed on the company information page. 
The address of its principal place of business is Bagshot House, High Street, Bagshot GU19 5AF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 


ANDERSON YOUNG AVIATION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 


ANDERSON YOUNG AVIATION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Fixtures & fittings
-
25%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 120 (2022 - 108).

Page 5

 


ANDERSON YOUNG AVIATION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
317,732
7,140
9,196
334,068


Additions
-
2,250
-
2,250



At 31 March 2023

317,732
9,390
9,196
336,318



Depreciation


At 1 April 2022
59,025
6,054
8,163
73,242


Charge for the year on owned assets
22,078
553
341
22,972



At 31 March 2023

81,103
6,607
8,504
96,214



Net book value



At 31 March 2023
236,629
2,783
692
240,104



At 31 March 2022
258,707
1,086
1,033
260,826

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
234,264
256,034

234,264
256,034


5.


Debtors

2023
2022
£
£


Trade debtors
1,407,225
1,036,355

Other debtors
142,582
277,250

Prepayments and accrued income
200,215
216,336

1,750,022
1,529,941


Page 6

 


ANDERSON YOUNG AVIATION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
40,000
40,000

Trade creditors
498,831
419,162

Other taxation and social security
162,325
191,776

Obligations under finance lease and hire purchase contracts
62,541
62,541

Other creditors
1,110,810
885,876

Accruals and deferred income
5,000
1,633

1,879,507
1,600,988



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
86,667
126,667

Net obligations under finance leases and hire purchase contracts
74,754
137,501

161,421
264,168



8.


Transactions with director

At 31 March 2023 the following amounts included within other debtors were owed to the company by its directors:


Brought Forward
Advance/ Credit
Repaid
Carried Forward
£
£
£
£

Director loan
184,599
66,383
(248,891)
2,091
184,599
66,383
(248,891)
2,091

No interest is being charged on the above. The balance has been repaid since the year end.

 
Page 7