Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302true2023-05-01falseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02350764 2023-05-01 2024-04-30 02350764 2022-05-01 2023-04-30 02350764 2024-04-30 02350764 2023-04-30 02350764 c:Director1 2023-05-01 2024-04-30 02350764 d:PlantMachinery 2023-05-01 2024-04-30 02350764 d:PlantMachinery 2024-04-30 02350764 d:PlantMachinery 2023-04-30 02350764 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02350764 d:MotorVehicles 2023-05-01 2024-04-30 02350764 d:MotorVehicles 2024-04-30 02350764 d:MotorVehicles 2023-04-30 02350764 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02350764 d:FurnitureFittings 2023-05-01 2024-04-30 02350764 d:FurnitureFittings 2024-04-30 02350764 d:FurnitureFittings 2023-04-30 02350764 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02350764 d:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 02350764 d:OtherPropertyPlantEquipment 2024-04-30 02350764 d:OtherPropertyPlantEquipment 2023-04-30 02350764 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02350764 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02350764 d:CurrentFinancialInstruments 2024-04-30 02350764 d:CurrentFinancialInstruments 2023-04-30 02350764 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 02350764 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 02350764 d:ShareCapital 2024-04-30 02350764 d:ShareCapital 2023-04-30 02350764 d:RetainedEarningsAccumulatedLosses 2024-04-30 02350764 d:RetainedEarningsAccumulatedLosses 2023-04-30 02350764 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 02350764 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 02350764 d:TaxLossesCarry-forwardsDeferredTax 2024-04-30 02350764 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 02350764 c:OrdinaryShareClass1 2023-05-01 2024-04-30 02350764 c:OrdinaryShareClass1 2024-04-30 02350764 c:OrdinaryShareClass1 2023-04-30 02350764 c:FRS102 2023-05-01 2024-04-30 02350764 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02350764 c:FullAccounts 2023-05-01 2024-04-30 02350764 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02350764 2 2023-05-01 2024-04-30 02350764 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02350764










WESTFLIGHT LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
WESTFLIGHT LTD
REGISTERED NUMBER:02350764

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
78,009
54,827

  
78,009
54,827

Current assets
  

Stocks
 6 
77,200
127,028

Debtors: amounts falling due within one year
 7 
73,628
96,757

Cash at bank and in hand
 8 
312,107
32,798

  
462,935
256,583

Creditors: amounts falling due within one year
 9 
(306,085)
(204,319)

Net current assets
  
 
 
156,850
 
 
52,264

Total assets less current liabilities
  
234,859
107,091

Provisions for liabilities
  

Deferred tax
 10 
(16,151)
(6,324)

  
 
 
(16,151)
 
 
(6,324)

Net assets
  
218,708
100,767


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
218,608
100,667

  
218,708
100,767


Page 1

 
WESTFLIGHT LTD
REGISTERED NUMBER:02350764
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 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 20 January 2025.






C F Brooks
Director

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

Page 2

 
WESTFLIGHT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Westflight Ltd, 02350764, is a private company limited by shares, incorporated in England & Wales, with it's registered office and principal place of business at Tai Gwynion Farm, Clatter, Caersws, Powys, SY17 5NR.
The Company's principal activity was installation and maintenance of solar panels, as well as consultancy work.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is 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.

Page 3

 
WESTFLIGHT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 4

 
WESTFLIGHT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

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 and straight line basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
25%
Reducing balance
Site improvements
-
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 5

 
WESTFLIGHT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately 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.

 
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

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

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.

 
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.

Page 6

 
WESTFLIGHT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Site improvements
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
95,482
42,823
5,517
33,530
177,352


Additions
12,621
39,625
-
-
52,246


Disposals
(9,495)
(19,500)
-
-
(28,995)



At 30 April 2024

98,608
62,948
5,517
33,530
200,603



Depreciation


At 1 May 2023
65,959
38,369
4,786
13,412
122,526


Charge for the year on owned assets
7,660
1,485
246
6,706
16,097


Disposals
-
(16,029)
-
-
(16,029)



At 30 April 2024

73,619
23,825
5,032
20,118
122,594



Net book value



At 30 April 2024
24,989
39,123
485
13,412
78,009



At 30 April 2023
29,523
4,455
731
20,118
54,827

Page 7

 
WESTFLIGHT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Stocks

2024
2023
£
£

Raw materials and consumables
77,200
127,028

77,200
127,028



7.


Debtors

2024
2023
£
£


Trade debtors
2,023
75,811

Other debtors
18,073
19,770

Prepayments and accrued income
53,532
1,176

73,628
96,757



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
312,107
32,798

312,107
32,798



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
130,198
114,449

Other taxation and social security
34,354
-

Other creditors
50,940
81,560

Accruals and deferred income
90,593
8,310

306,085
204,319


Page 8

 
WESTFLIGHT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Deferred taxation




2024


£






At beginning of year
6,324


Charged to profit or loss
9,827



At end of year
16,151

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
16,151
6,595

Tax losses carried forward
-
(271)

16,151
6,324


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 9