Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity2422truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07013236 2023-01-01 2023-12-31 07013236 2022-01-01 2022-12-31 07013236 2023-12-31 07013236 2022-12-31 07013236 c:Director5 2023-01-01 2023-12-31 07013236 c:Director9 2023-01-01 2023-12-31 07013236 d:OfficeEquipment 2023-12-31 07013236 d:OfficeEquipment 2022-12-31 07013236 d:CurrentFinancialInstruments 2023-12-31 07013236 d:CurrentFinancialInstruments 2022-12-31 07013236 d:Non-currentFinancialInstruments 2023-12-31 07013236 d:Non-currentFinancialInstruments 2022-12-31 07013236 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07013236 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07013236 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07013236 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 07013236 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 07013236 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 07013236 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 07013236 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 07013236 d:ShareCapital 2023-12-31 07013236 d:ShareCapital 2022-12-31 07013236 d:SharePremium 2023-12-31 07013236 d:SharePremium 2022-12-31 07013236 d:RetainedEarningsAccumulatedLosses 2023-12-31 07013236 d:RetainedEarningsAccumulatedLosses 2022-12-31 07013236 c:FRS102 2023-01-01 2023-12-31 07013236 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07013236 c:FullAccounts 2023-01-01 2023-12-31 07013236 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07013236 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07013236










AEROGILITY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
AEROGILITY LIMITED
REGISTERED NUMBER:07013236

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1
1

Investments
 5 
1
1

  
2
2

Current assets
  

Debtors: amounts falling due within one year
 6 
509,685
1,036,466

Cash at bank and in hand
  
119,282
335,978

  
628,967
1,372,444

Creditors: amounts falling due within one year
 7 
(366,578)
(582,277)

Net current assets
  
 
 
262,389
 
 
790,167

Total assets less current liabilities
  
262,391
790,169

Creditors: amounts falling due after more than one year
 8 
(344,167)
(394,167)

  

Net (liabilities)/assets
  
(81,776)
396,002


Capital and reserves
  

Called up share capital 
  
700
700

Share premium account
  
180,400
80,400

Profit and loss account
  
(262,876)
314,902

  
(81,776)
396,002


Page 1

 
AEROGILITY LIMITED
REGISTERED NUMBER:07013236
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 comprehensive income 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: 




G P Vickers
M Taylor
Director
Director


Date: 27 June 2024


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

Page 2

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

1.


General information

Aerogility Limited is a limited liability company incorporated in England and Wales, number 07013236. The registered office is Smithfield Business Centre, 5 St John's Lane, London, EC1M 4BH.
The financial statements are presented in pound sterling, which is the functional and presentation
currency of the company and rounded to the nearest pound.
The significant accounting policies applied in the preparation of the financial statements are set out below.
These policies have been consistently applied to all years presented unless stated otherwise.

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

Page 3

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

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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 Comprehensive Income in the same period as the related expenditure.

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

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

2.Accounting policies (continued)

 
2.9

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.

 
2.10

Pensions

The Company operates defined contribution plans 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 plans are held separately from the Company in independently administered funds.

 
2.11

Borrowing costs

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


3.


Employees

The average monthly number of employees, excluding non-executive directors, during the year was 24 (2022 - 22).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
12,001



At 31 December 2023

12,001



Depreciation


At 1 January 2023
12,000



At 31 December 2023

12,000



Net book value



At 31 December 2023
1



At 31 December 2022
1

Page 5

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

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
1



At 31 December 2023
1





6.


Debtors

2023
2022
£
£


Trade debtors
292,938
804,428

Amounts owed by group undertakings
204,818
203,760

Prepayments and accrued income
11,929
28,278

509,685
1,036,466



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
50,000
50,000

Trade creditors
16,863
18,761

Other taxation and social security
57,208
264,986

Accruals and deferred income
242,507
248,530

366,578
582,277



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
104,167
154,167

Other loans
240,000
240,000

344,167
394,167


Page 6

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

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
50,000
50,000

Amounts falling due 1-2 years

Bank loans
100,000
100,000

Other loans
240,000
240,000


340,000
340,000

Amounts falling due 2-5 years

Bank loans
4,167
54,167


394,167
444,167



10.


Pension commitments

The company contributes to personal defined contribution pension schemes in respect of members of staff. The assets of these schemes are held separately from those of the company in independently administered funds. The pension cost charge represents contributions payable by the company to the funds and amounted to £102,454 (2022 - £92,774). Contributions totalling £1,091 (2022 - £1,004) were payable to the fund at the balance sheet date.


11.


Related party transactions

B R Wilson, S H Cordier, R M Hornstein, and S H Henwood, all of whom are shareholders and directors, were each due £60,000 at 31 December 2023 (2022: £60,000).

 
Page 7