Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10371298 2023-04-01 2024-03-31 10371298 2022-04-01 2023-03-31 10371298 2024-03-31 10371298 2023-03-31 10371298 c:Director2 2023-04-01 2024-03-31 10371298 d:FurnitureFittings 2023-04-01 2024-03-31 10371298 d:FurnitureFittings 2024-03-31 10371298 d:FurnitureFittings 2023-03-31 10371298 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10371298 d:OfficeEquipment 2023-04-01 2024-03-31 10371298 d:OfficeEquipment 2024-03-31 10371298 d:OfficeEquipment 2023-03-31 10371298 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10371298 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10371298 d:CurrentFinancialInstruments 2024-03-31 10371298 d:CurrentFinancialInstruments 2023-03-31 10371298 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10371298 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10371298 d:ShareCapital 2024-03-31 10371298 d:ShareCapital 2023-03-31 10371298 d:RetainedEarningsAccumulatedLosses 2024-03-31 10371298 d:RetainedEarningsAccumulatedLosses 2023-03-31 10371298 c:FRS102 2023-04-01 2024-03-31 10371298 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10371298 c:FullAccounts 2023-04-01 2024-03-31 10371298 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10371298 2 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 10371298









CONTINUING AIRWORTHINESS SUPPORT LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024














 
CONTINUING AIRWORTHINESS SUPPORT LIMITED
REGISTERED NUMBER:10371298

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,191
2,089

  
2,191
2,089

Current assets
  

Debtors: amounts falling due within one year
 5 
40,025
36,456

Cash at bank and in hand
  
63,507
65,905

  
103,532
102,361

Creditors: amounts falling due within one year
 6 
(20,703)
(15,393)

Net current assets
  
 
 
82,829
 
 
86,968

Total assets less current liabilities
  
85,020
89,057

  

Net assets
  
85,020
89,057


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
84,920
88,957

  
85,020
89,057


Page 1

 
CONTINUING AIRWORTHINESS SUPPORT LIMITED
REGISTERED NUMBER:10371298
    
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 1 December 2024.



................................................
P Hunt
Director

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

Page 2

 
CONTINUING AIRWORTHINESS SUPPORT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Continuing Airworthiness Support Limited is a private company, limited by shares, domiciled in England and Wales. The registered office address is 26 The Signals, Feniton, Honiton, Devon, EX14 3UP.

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

Going concern

The directors confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

 
2.3

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.

 
2.4

Interest income

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

Page 3

 
CONTINUING AIRWORTHINESS SUPPORT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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 balance sheet 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.

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:

Fixtures and fittings
-
25%
straight line
Office equipment
-
25%
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.

 
2.8

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

 
CONTINUING AIRWORTHINESS SUPPORT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.12

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 2 (2023 - 2).

Page 5

 
CONTINUING AIRWORTHINESS SUPPORT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
1,770
9,918
11,688


Additions
-
1,344
1,344



At 31 March 2024

1,770
11,262
13,032



Depreciation


At 1 April 2023
1,770
7,829
9,599


Charge for the year on owned assets
-
1,242
1,242



At 31 March 2024

1,770
9,071
10,841



Net book value



At 31 March 2024
-
2,191
2,191



At 31 March 2023
-
2,089
2,089

Page 6

 
CONTINUING AIRWORTHINESS SUPPORT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
39,703
27,168

Prepayments and accrued income
322
9,288

40,025
36,456



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
20,663
15,333

Other creditors
40
60

20,703
15,393



7.


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 £15,000 (2023 - £50,000). Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date and are iincluded in creditors.

 
Page 7