Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01true14falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity14true 05789366 2022-04-01 2023-03-31 05789366 2021-04-01 2022-03-31 05789366 2023-03-31 05789366 2022-03-31 05789366 c:Director1 2022-04-01 2023-03-31 05789366 d:Buildings 2022-04-01 2023-03-31 05789366 d:Buildings 2023-03-31 05789366 d:Buildings 2022-03-31 05789366 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05789366 d:Buildings d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 05789366 d:MotorVehicles 2022-04-01 2023-03-31 05789366 d:MotorVehicles 2023-03-31 05789366 d:MotorVehicles 2022-03-31 05789366 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05789366 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 05789366 d:OfficeEquipment 2022-04-01 2023-03-31 05789366 d:OfficeEquipment 2023-03-31 05789366 d:OfficeEquipment 2022-03-31 05789366 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05789366 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 05789366 d:ComputerEquipment 2022-04-01 2023-03-31 05789366 d:ComputerEquipment 2023-03-31 05789366 d:ComputerEquipment 2022-03-31 05789366 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05789366 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 05789366 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05789366 d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 05789366 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 05789366 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-31 05789366 d:CurrentFinancialInstruments 2023-03-31 05789366 d:CurrentFinancialInstruments 2022-03-31 05789366 d:Non-currentFinancialInstruments 2023-03-31 05789366 d:Non-currentFinancialInstruments 2022-03-31 05789366 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05789366 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05789366 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 05789366 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 05789366 d:ShareCapital 2023-03-31 05789366 d:ShareCapital 2022-03-31 05789366 d:RetainedEarningsAccumulatedLosses 2023-03-31 05789366 d:RetainedEarningsAccumulatedLosses d:RestatedAmount 2022-03-31 05789366 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 05789366 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 05789366 c:FRS102 2022-04-01 2023-03-31 05789366 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05789366 c:FullAccounts 2022-04-01 2023-03-31 05789366 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05789366 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 05789366 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 05789366 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 05789366 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 05789366 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 05789366 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 05789366 2 2022-04-01 2023-03-31 05789366 6 2022-04-01 2023-03-31 05789366 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 05789366 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-03-31 iso4217:GBP xbrli:pure
Registered number: 05789366














AIRSIDE DATA & TRAINING LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2023

 
AIRSIDE DATA & TRAINING LTD
REGISTERED NUMBER:05789366

BALANCE SHEET
AS AT 31 MARCH 2023

As restated
2023
2022
Note

Fixed assets
  

Tangible assets
 5 
109,986
134,685

Investments
 6 
-
34

  
109,986
134,719

Current assets
  

Debtors: amounts falling due within one year
 7 
397,520
334,647

Cash at bank and in hand
 8 
1,869,051
1,376,045

  
2,266,571
1,710,692

Creditors: amounts falling due within one year
 9 
(1,088,083)
(846,059)

Net current assets
  
 
 
1,178,488
 
 
864,633

Total assets less current liabilities
  
1,288,474
999,352

Creditors: amounts falling due after more than one year
 10 
(30,070)
(38,621)

Provisions for liabilities
  

Deferred tax
 13 
(13,932)
(13,964)

Net assets
  
£1,244,472
£946,767


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,244,372
946,667

  
£1,244,472
£946,767


Page 1

 
AIRSIDE DATA & TRAINING LTD
REGISTERED NUMBER:05789366

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider 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 directors acknowledge their 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 on 17 November 2023.




___________________________
C T Cardwell
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
AIRSIDE DATA & TRAINING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Airside Data and Training Ltd is a private company, limited by shares, incorporated in England and Wales. The company registration number is 05789366. The registered office of the company is 19 Cherry Garden Road, Canterbury, Kent, CT2 8EL.

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

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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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

 
AIRSIDE DATA & TRAINING LTD
 

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

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

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 balance sheet 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 balance sheet 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 balance sheet date.

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
AIRSIDE DATA & TRAINING LTD
 

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

2.Accounting policies (continued)

 
2.10

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the most appropriate methods.

Depreciation is provided on the following basis:

Freehold property
-
over 25 years
Motor vehicles
-
25% reducing balance basis
Office equipment
-
20% straight line basis
Website development
-
33% straight line basis

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.

 
2.11

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.12

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
AIRSIDE DATA & TRAINING LTD
 

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

2.Accounting policies (continued)

 
2.16

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.17

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 6

 
AIRSIDE DATA & TRAINING LTD
 

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

2.Accounting policies (continued)

 
2.18

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2022 - 14).


4.


Intangible assets




Development expenditure



Cost


At 1 April 2022
3,500



At 31 March 2023

3,500



Amortisation


At 1 April 2022
3,500



At 31 March 2023

3,500



Net book value



At 31 March 2023
£-



At 31 March 2022
£-



Page 7

 
AIRSIDE DATA & TRAINING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Freehold property
Motor vehicles
Office equipment
Computer equipment
Total



Cost or valuation


At 1 April 2022
83,916
94,051
74,231
17,017
269,215


Additions
-
-
9,051
-
9,051


Disposals
(13,247)
-
-
-
(13,247)



At 31 March 2023

70,669
94,051
83,282
17,017
265,019



Depreciation


At 1 April 2022
17,082
45,870
54,561
17,017
134,530


Charge for the year on owned assets
2,828
763
8,059
-
11,650


Charge for the year on financed assets
-
11,283
-
-
11,283


Disposals
(2,430)
-
-
-
(2,430)



At 31 March 2023

17,480
57,916
62,620
17,017
155,033



Net book value



At 31 March 2023
£53,189
£36,135
£20,662
£-
£109,986



At 31 March 2022
£66,834
£48,181
£19,670
£-
£134,685

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


2023
2022



Motor vehicles
£33,850
£45,133


6.


Fixed asset investments





Investments in associates





At 1 April 2022
34


Disposals
(34)



At 31 March 2023
£-




Page 8

 
AIRSIDE DATA & TRAINING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Debtors

As restated
2023
2022


Trade debtors
218,642
172,189

Other debtors
45,658
33,079

Prepayments and accrued income
73,237
69,396

Tax recoverable
59,983
59,983

£397,520
£334,647



8.


Cash and cash equivalents

2023
2022

Cash at bank and in hand
1,869,051
1,376,045

Less: bank overdrafts
(53)
(46)

£1,868,998
£1,375,999



9.


Creditors: Amounts falling due within one year

As restated
2023
2022

Bank overdrafts
53
46

Trade creditors
71,469
57,920

Corporation tax
71,877
-

Other taxation and social security
106,609
81,564

Obligations under finance lease and hire purchase contracts
8,551
8,551

Other creditors
330,082
245,571

Accruals and deferred income
499,442
452,407

£1,088,083
£846,059



10.


Creditors: Amounts falling due after more than one year

2023
2022

Net obligations under finance leases and hire purchase contracts
£30,070
£38,621


Page 9

 
AIRSIDE DATA & TRAINING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022


Within one year
8,551
8,551

Between 1-5 years
30,070
38,621

£38,621
£47,172


12.


Financial instruments

2023
2022

Financial assets


Financial assets measured at fair value through profit or loss
£1,869,051
£1,376,045




Financial assets measured at fair value through profit or loss comprise cash and bank balances.


13.


Deferred taxation




2023





At beginning of year
13,964


Charged to profit or loss
(32)



At end of year
£13,932

The provision for deferred taxation is made up as follows:

2023
2022


Accelerated capital allowances
£13,932
£13,964

Page 10

 
AIRSIDE DATA & TRAINING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

14.


Prior year adjustment

The prior year adjustment has arisen due to the mis-statement of accruals, deferred income and prepayments and the tax impact of the adjustments.  The effect of the adjustments are as follows:


Profit as previously reported for the year ended 31 March 2022
113,493

Correction to accruals and deferred income
40,244

Correction to prepayments
(84,979)

Adjustments to taxation
48,340

Restated profit for the year ended 31 March 2022
117,098



Profit and loss reserve at 1 April 2022 as previously stated
1,046,728

Restatement to accruals and deferred income and impact to tax of the adjustment at 1 April 2021
(103,666)

Restatement to the profit and loss account for the year ended 31 March 2022 as stated above
3,605

Restated profit and loss reserve at 1 April 2022
946,667

15.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £12,521 (2022 - £10,328). Contribitions totalling £1,057 (2022 - £1,654) were payable to the fund at the balance sheet date and are included in creditors.

Page 11