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REGISTERED NUMBER: 02185990 (England and Wales)















CORVUS AIR CARGO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






CORVUS AIR CARGO LIMITED (REGISTERED NUMBER: 02185990)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORVUS AIR CARGO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: L J Booth
T E Jaques





REGISTERED OFFICE: Suite B2 Joseph's Well
Hanover Walk
Leeds
LS3 1AB





REGISTERED NUMBER: 02185990 (England and Wales)





ACCOUNTANTS: DSC
Chartered Accountants
Suite B2 Joseph's Well
Hanover Walk
Westgate
Leeds
West Yorkshire
LS3 1AB

CORVUS AIR CARGO LIMITED (REGISTERED NUMBER: 02185990)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,812 16,834
Investments 5 100 100
33,912 16,934

CURRENT ASSETS
Debtors 6 658,874 901,531
Cash at bank 1,158,565 1,269,673
1,817,439 2,171,204
CREDITORS
Amounts falling due within one year 7 1,281,531 2,002,747
NET CURRENT ASSETS 535,908 168,457
TOTAL ASSETS LESS CURRENT
LIABILITIES

569,820

185,391

CREDITORS
Amounts falling due after more than one year 8 12,864 -
NET ASSETS 556,956 185,391

CAPITAL AND RESERVES
Called up share capital 600 600
Capital redemption reserve 400 400
Retained earnings 555,956 184,391
SHAREHOLDERS' FUNDS 556,956 185,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 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.

CORVUS AIR CARGO LIMITED (REGISTERED NUMBER: 02185990)

BALANCE SHEET - continued
31 DECEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by:




L J Booth - Director



T E Jaques - Director


CORVUS AIR CARGO LIMITED (REGISTERED NUMBER: 02185990)

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

1. STATUTORY INFORMATION

Corvus Air Cargo Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 15% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

CORVUS AIR CARGO LIMITED (REGISTERED NUMBER: 02185990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 92,099
Additions 27,435
Disposals (9,000 )
At 31 December 2023 110,534
DEPRECIATION
At 1 January 2023 75,265
Charge for year 10,457
Eliminated on disposal (9,000 )
At 31 December 2023 76,722
NET BOOK VALUE
At 31 December 2023 33,812
At 31 December 2022 16,834

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 602,768 865,499
Other debtors 56,106 36,032
658,874 901,531

CORVUS AIR CARGO LIMITED (REGISTERED NUMBER: 02185990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 8,455 -
Trade creditors 545,065 802,675
Amounts owed to group undertakings 100 100
Taxation and social security 208,251 204,441
Other creditors 519,660 995,531
1,281,531 2,002,747

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 12,864 -