Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-04-06truefalsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2 14784641 2023-04-05 14784641 2023-04-06 2024-04-30 14784641 2022-05-01 2023-04-05 14784641 2024-04-30 14784641 c:Director1 2023-04-06 2024-04-30 14784641 d:ComputerEquipment 2023-04-06 2024-04-30 14784641 d:ComputerEquipment 2024-04-30 14784641 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-06 2024-04-30 14784641 d:CurrentFinancialInstruments 2024-04-30 14784641 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 14784641 d:ShareCapital 2024-04-30 14784641 d:RetainedEarningsAccumulatedLosses 2024-04-30 14784641 c:OrdinaryShareClass1 2023-04-06 2024-04-30 14784641 c:OrdinaryShareClass1 2024-04-30 14784641 c:FRS102 2023-04-06 2024-04-30 14784641 c:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-30 14784641 c:FullAccounts 2023-04-06 2024-04-30 14784641 c:PrivateLimitedCompanyLtd 2023-04-06 2024-04-30 14784641 2 2023-04-06 2024-04-30 14784641 e:PoundSterling 2023-04-06 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14784641














M2L AVIATION LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

 
M2L AVIATION LTD
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 5


 
M2L AVIATION LTD
REGISTERED NUMBER:14784641

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
1,330

Current assets
  

Debtors: amounts falling due within one year
 5 
31,141

Cash at bank and in hand
  
98,723

  
129,864

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(81,038)

Net current assets
  
 
 
48,826

  

Net assets
  
50,156


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
50,056

  
50,156


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 period 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 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 on 7 October 2024.




M K Rao
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
M2L AVIATION LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

1.


General information

M2L Aviation Limited is a private limited company incorporated in England and Wales. Its registered office and business address is 4 Abbey Mansion Mews, London, SE24 0DD.
The company was incorporated on 6 April 2023 and commenced trading on that date.
The principal activity during the period was that of providing consultancy services.

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

Foreign currency translation

The Company's functional and presentational currency is £ sterling.
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.

 
2.3

Turnover

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 value added tax.
Consultancy fees are recognised in the period in which the services are provided. 

 
2.4

Interest income

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

Page 2

 
M2L AVIATION LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Pensions

The Company contributes to 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.

 
2.6

Taxation

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.

 
2.7

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
20%
straight line

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.

Page 3

 
M2L AVIATION LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

Basic financial instruments

Basic financial instruments include trade and other debtors, trade and other creditors, cash and cash equivalents, and related party loans.
Trade and other debtors are recognised initially at the transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus  attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest.
Cash and cash equivalents comprise cash balances and call deposits.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Tangible fixed assets





Computer equipment

£



Cost


Additions
1,400



At 30 April 2024

1,400



Depreciation


Charge for the period on owned assets
70



At 30 April 2024

70



Net book value



At 30 April 2024
1,330

Page 4

 
M2L AVIATION LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

5.


Debtors

2024
£


Trade debtors
16,383

Other debtors
4,560

Prepayments and accrued income
10,198

31,141



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
460

Taxation and social security
77,232

Other creditors
159

Accruals and deferred income
3,187

81,038



7.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1 each
100


On incorporation the company issued 100 £1 ordinary shares at par.

 
Page 5