Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity98falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04154373 2023-01-01 2023-12-31 04154373 2023-12-31 04154373 2022-01-01 2022-12-31 04154373 2022-12-31 04154373 c:Director1 2023-01-01 2023-12-31 04154373 c:Director2 2023-01-01 2023-12-31 04154373 c:Director2 2023-12-31 04154373 c:RegisteredOffice 2023-01-01 2023-12-31 04154373 d:OfficeEquipment 2023-01-01 2023-12-31 04154373 d:OfficeEquipment 2023-12-31 04154373 d:OfficeEquipment 2022-12-31 04154373 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04154373 d:CurrentFinancialInstruments 2023-12-31 04154373 d:CurrentFinancialInstruments 2022-12-31 04154373 d:Non-currentFinancialInstruments 2023-12-31 04154373 d:Non-currentFinancialInstruments 2022-12-31 04154373 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04154373 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04154373 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04154373 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04154373 d:ShareCapital 2023-12-31 04154373 d:ShareCapital 2022-12-31 04154373 d:RetainedEarningsAccumulatedLosses 2023-12-31 04154373 d:RetainedEarningsAccumulatedLosses 2022-12-31 04154373 c:FRS102 2023-01-01 2023-12-31 04154373 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04154373 c:FullAccounts 2023-01-01 2023-12-31 04154373 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04154373 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 04154373







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


AVIA SOLUTIONS LIMITED






































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AVIA SOLUTIONS LIMITED
 


 
COMPANY INFORMATION


Directors
J Carter 
A J Rowsell (resigned 31 August 2024)




Registered number
04154373



Registered office
Suite C1 (B5)
Fairoaks Airport

Chobham

Surrey

GU24 8HU




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


AVIA SOLUTIONS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7

 


AVIA SOLUTIONS LIMITED
REGISTERED NUMBER:04154373



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,364
3,523

  
7,364
3,523

Current assets
  

Debtors: amounts falling due within one year
 5 
416,731
347,345

Cash at bank and in hand
  
61,926
15,740

  
478,657
363,085

Creditors: amounts falling due within one year
 6 
(913,109)
(745,635)

Net current liabilities
  
 
 
(434,452)
 
 
(382,550)

Total assets less current liabilities
  
(427,088)
(379,027)

Creditors: amounts falling due after more than one year
 7 
(31,482)
(81,334)

  

Net liabilities
  
(458,570)
(460,361)


Capital and reserves
  

Called up share capital 
  
29
29

Profit and loss account
  
(458,599)
(460,390)

  
(458,570)
(460,361)

Page 1

 


AVIA SOLUTIONS LIMITED
REGISTERED NUMBER:04154373


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 year 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 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 25 November 2024.




................................................
J Carter
Director

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

Page 2

 


AVIA SOLUTIONS LIMITED
 


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

1.


General information

Avia Solutions Limited is a private Company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office and principal place of business is disclosed on the company information page. 

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company has a net liability position of £458,570 as at the 31 December 2023. The directors are assessing the company's position and reviewing ways in which they can reduce the existing pressure on the Company's cashflow. 
Given the uncertainties that exist this may cast doubt over the company's ability to continue as a going concern, however the directors have prepared forecasts which indicate signs of recovery and it is therefore of the directors' opinion that the going concern basis of preparation continues to be appropriate.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.The Company's branch has a functional currency of United Arab Emirates dirham (AED) which differs from the presentational currency of 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.

The results of overseas operations are maintained in their own local currency which is the country the trade
takes place and are translated into Sterling at the average yearly rate. All monetary assets and liabilities of
overseas operations are translated at the rate ruling at the reporting date. Exchange differences arising on
translating the net assets and the results of overseas operations are recognised in other comprehensive
income.

Page 3

 


AVIA SOLUTIONS LIMITED
 


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

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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 Statement of Financial Position. 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 reporting 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.

Page 4

 


AVIA SOLUTIONS LIMITED
 


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

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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:

Office equipment
-
33%

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

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 8).

Page 5

 


AVIA SOLUTIONS LIMITED
 


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

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
14,247


Additions
6,533



At 31 December 2023

20,780



Depreciation


At 1 January 2023
10,724


Charge for the year on owned assets
2,692



At 31 December 2023

13,416



Net book value



At 31 December 2023
7,364



At 31 December 2022
3,523


5.


Debtors

2023
2022
£
£


Trade debtors
162,497
171,301

Other debtors
54,236
73,572

Prepayments and accrued income
199,998
102,472

416,731
347,345


Page 6

 


AVIA SOLUTIONS LIMITED
 


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

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
49,853
45,083

Trade creditors
181,145
24,068

Other taxation and social security
397,584
437,635

Other creditors
256,036
213,813

Accruals and deferred income
28,491
25,036

913,109
745,635


Included in other creditors is a loan of £189,459 (2022: £189,459) secured on the assets of the parent company by way of a fixed and floating charge.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
31,482
81,334

31,482
81,334



8.


Related party transactions

At the year end an amount of £8,441 (2022 - £24,230) was due to the directors. No interest has been applied on this balance.

 
Page 7