Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-04-01Outdoor learning opportunities77truetruefalse 13777122 2023-04-01 2024-03-31 13777122 2021-12-02 2023-03-31 13777122 2024-03-31 13777122 2023-03-31 13777122 c:Director1 2023-04-01 2024-03-31 13777122 d:PlantMachinery 2023-04-01 2024-03-31 13777122 d:PlantMachinery 2024-03-31 13777122 d:PlantMachinery 2023-03-31 13777122 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13777122 d:MotorVehicles 2023-04-01 2024-03-31 13777122 d:MotorVehicles 2024-03-31 13777122 d:MotorVehicles 2023-03-31 13777122 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13777122 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13777122 d:CurrentFinancialInstruments 2024-03-31 13777122 d:CurrentFinancialInstruments 2023-03-31 13777122 d:Non-currentFinancialInstruments 2024-03-31 13777122 d:Non-currentFinancialInstruments 2023-03-31 13777122 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13777122 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13777122 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 13777122 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13777122 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 13777122 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 13777122 d:ShareCapital 2024-03-31 13777122 d:ShareCapital 2023-03-31 13777122 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 13777122 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 13777122 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13777122 c:OrdinaryShareClass1 2024-03-31 13777122 c:OrdinaryShareClass1 2023-03-31 13777122 c:OrdinaryShareClass2 2023-04-01 2024-03-31 13777122 c:OrdinaryShareClass2 2024-03-31 13777122 c:FRS102 2023-04-01 2024-03-31 13777122 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13777122 c:FullAccounts 2023-04-01 2024-03-31 13777122 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13777122 2 2023-04-01 2024-03-31 13777122 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13777122









THE FRESH AIR CLUB LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
THE FRESH AIR CLUB LTD
REGISTERED NUMBER: 13777122

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,113
12,071

  
9,113
12,071

Current assets
  

Debtors: amounts falling due within one year
 5 
3,575
13,999

Cash at bank and in hand
 6 
28,970
19,889

  
32,545
33,888

Creditors: amounts falling due within one year
 7 
(37,813)
(45,957)

Net current liabilities
  
 
 
(5,268)
 
 
(12,069)

Total assets less current liabilities
  
3,845
2

Creditors: amounts falling due after more than one year
  
(3,843)
-

  

Net assets
  
2
2


Capital and reserves
  

Called up share capital 
 11 
2
2

  
2
2


Page 1

 
THE FRESH AIR CLUB LTD
REGISTERED NUMBER: 13777122
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 14 November 2024.




................................................
Craig Summers
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
THE FRESH AIR CLUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Company is a private company limited by share capital, incorporated in England and Wales. Principal activity of the Company throughout the year was that of outdoor learning. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

Interest income

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

 
2.4

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.

 
2.5

Borrowing costs

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

Page 3

 
THE FRESH AIR CLUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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 balance sheet date in the countries where the Company operates and generates income.

 
2.8

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance
Motor vehicles
-
25%
reducing balance

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.

 
2.9

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 4

 
THE FRESH AIR CLUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

Financial instruments

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.

 
2.13

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 7 (2023 - 7).

Page 5

 
THE FRESH AIR CLUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 April 2023
1,500
14,495
15,995



At 31 March 2024

1,500
14,495
15,995



Depreciation


At 1 April 2023
300
3,624
3,924


Charge for the year on owned assets
240
2,718
2,958



At 31 March 2024

540
6,342
6,882



Net book value



At 31 March 2024
960
8,153
9,113



At 31 March 2023
1,200
10,871
12,071


5.


Debtors

2024
2023
£
£


Trade debtors
3,120
13,554

Other debtors
455
445

3,575
13,999



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
28,970
19,889

28,970
19,889


Page 6

 
THE FRESH AIR CLUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
1,154
-

Trade creditors
33
10

Corporation tax
2,351
5,544

Other taxation and social security
6,812
7,902

Other creditors
27,008
32,501

Accruals and deferred income
455
-

37,813
45,957


Included in other creditors is a directors loan account balance of £16,749 (2023 - £32,288), in relation to Craig Summers and Joni Summers.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
3,843
-

3,843
-


Page 7

 
THE FRESH AIR CLUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
1,154
-


1,154
-

Amounts falling due 1-2 years

Bank loans
3,843
-


3,843
-



4,997
-



10.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
28,970
19,889




Financial assets measured at fair value through profit or loss comprise of cash at bank in hand.


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 2) Ordinary shares share of £1.00
1
2
1 (2023 - ) Ordinary A shares share of £1.00
1
-

2

2


Page 8

 
THE FRESH AIR CLUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

12.


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 £588. Contributions totaling £227 were payable to the fund at the balance sheet date.


13.


Controlling party

There is no overall controlling party.

 
Page 9