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REGISTERED NUMBER: 10460606 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Clarke Aviation Consultants Limited

Clarke Aviation Consultants Limited (Registered number: 10460606)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Clarke Aviation Consultants Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S J Clarke
Mrs C A Clarke





REGISTERED OFFICE: East Ruckham
Cruwys Morchard
Devon
EX16 8LS





REGISTERED NUMBER: 10460606 (England and Wales)





ACCOUNTANTS: Blue Sky
Chartered Accountants
The Old Dairy
Cadhay
Ottery St Mary
Devon
EX11 1QT

Clarke Aviation Consultants Limited (Registered number: 10460606)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 959 804

CURRENT ASSETS
Debtors 5 20,661 -
Investments 6 - 257,852
Cash at bank 96,684 63,115
117,345 320,967
CREDITORS
Amounts falling due within one year 7 6,094 33,654
NET CURRENT ASSETS 111,251 287,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,210

288,117

PROVISIONS FOR LIABILITIES 182 153
NET ASSETS 112,028 287,964

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 111,928 287,864
112,028 287,964

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.

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 April 2024 and were signed on its behalf by:



S J Clarke - Director


Clarke Aviation Consultants Limited (Registered number: 10460606)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

Clarke Aviation Consultants 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents commission received on insurance policies and is recognised when received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Financial instruments
(i) Financial assets
Basic financial assets, including trade and other debtors are initially recognised at the transaction price and therefore stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.


Clarke Aviation Consultants Limited (Registered number: 10460606)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. Accounting policies - continued
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 NIL (2022 - NIL).

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 January 2023 10,014
Additions 727
At 31 December 2023 10,741
Depreciation
At 1 January 2023 9,210
Charge for year 572
At 31 December 2023 9,782
Net book value
At 31 December 2023 959
At 31 December 2022 804

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 20,661 -

6. Current asset investments
2023 2022
£    £   
Listed investments - 257,852

Clarke Aviation Consultants Limited (Registered number: 10460606)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Taxation and social security - 27,575
Other creditors 6,094 6,079
6,094 33,654