Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302No description of principal activity2023-10-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09464127 2023-09-30 09464127 2023-10-01 2024-09-30 09464127 2024-09-30 09464127 2022-07-01 2023-06-30 09464127 2023-06-30 09464127 2022-07-01 09464127 c:Director1 2023-10-01 2024-09-30 09464127 c:Director3 2023-10-01 2024-09-30 09464127 c:RegisteredOffice 2023-10-01 2024-09-30 09464127 d:Buildings d:ShortLeaseholdAssets 2023-10-01 2024-09-30 09464127 d:Buildings d:ShortLeaseholdAssets 2024-09-30 09464127 d:Buildings d:ShortLeaseholdAssets 2023-06-30 09464127 d:OfficeEquipment 2023-10-01 2024-09-30 09464127 d:OfficeEquipment 2024-09-30 09464127 d:OfficeEquipment 2023-06-30 09464127 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09464127 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09464127 d:PatentsTrademarksLicencesConcessionsSimilar 2024-09-30 09464127 d:PatentsTrademarksLicencesConcessionsSimilar 2023-06-30 09464127 d:Goodwill 2024-09-30 09464127 d:Goodwill 2023-06-30 09464127 d:CurrentFinancialInstruments 2024-09-30 09464127 d:CurrentFinancialInstruments 2023-06-30 09464127 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 09464127 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09464127 d:ShareCapital 2023-10-01 2024-09-30 09464127 d:ShareCapital 2024-09-30 09464127 d:ShareCapital 2023-06-30 09464127 d:ShareCapital 2022-07-01 09464127 d:CapitalRedemptionReserve 2023-10-01 2024-09-30 09464127 d:CapitalRedemptionReserve 2024-09-30 09464127 d:CapitalRedemptionReserve 2023-06-30 09464127 d:CapitalRedemptionReserve 2022-07-01 09464127 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 09464127 d:RetainedEarningsAccumulatedLosses 2024-09-30 09464127 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 09464127 d:RetainedEarningsAccumulatedLosses 2023-06-30 09464127 d:RetainedEarningsAccumulatedLosses 2022-07-01 09464127 c:FRS102 2023-10-01 2024-09-30 09464127 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09464127 c:FullAccounts 2023-10-01 2024-09-30 09464127 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09464127 2 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Company registration number: 09464127







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024


AY AVIATION SERVICES LIMITED






































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AY AVIATION SERVICES LIMITED
 


 
COMPANY INFORMATION


Directors
S J Hayden-Stapf 
D S Abbott 




Registered number
09464127



Registered office
Bagshot House
37 - 39 High Street

Bagshot

Surrey

GU19 5AF




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


AY AVIATION SERVICES LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7


 


AY AVIATION SERVICES LIMITED
REGISTERED NUMBER:09464127



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
6
6

Tangible assets
 5 
74
193

  
80
199

Current assets
  

Debtors: amounts falling due within one year
 6 
825,300
73,713

Cash at bank and in hand
  
388,107
15,906

  
1,213,407
89,619

Creditors: amounts falling due within one year
 7 
(1,154,870)
(54,671)

Net current assets
  
 
 
58,537
 
 
34,948

Total assets less current liabilities
  
58,617
35,147

  

Net assets
  
58,617
35,147


Capital and reserves
  

Called up share capital 
  
47
52

Capital redemption reserve
  
53
48

Profit and loss account
  
58,517
35,047

  
58,617
35,147


Page 1

 


AY AVIATION SERVICES LIMITED
REGISTERED NUMBER:09464127


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 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 by: 




................................................
S J Hayden-Stapf
Director

Date: 21 January 2025

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 


AY AVIATION SERVICES LIMITED
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£


At 1 July 2022
52
48
38,386
38,486


Comprehensive income for the year

Loss for the year
-
-
(3,339)
(3,339)



At 1 October 2023
52
48
35,047
35,147


Comprehensive income for the year

Profit for the year
-
-
77,280
77,280
Total comprehensive income for the year
-
-
77,280
77,280

Purchase of own shares
-
5
(53,810)
(53,805)

Shares cancelled during the year
(5)
-
-
(5)


Total transactions with owners
(5)
5
(53,810)
(53,810)


At 30 September 2024
47
53
58,517
58,617

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 


AY AVIATION SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

AY Aviation Services 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 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

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

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.

Page 4

 


AY AVIATION SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
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

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Over the term of the lease
Office equipment
-
Over 3 years

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

 


AY AVIATION SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

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.


3.


Employees

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


4.


Intangible assets




Other intangibles
Goodwill
Total

£
£
£



Cost


At 1 October 2023
6
28,000
28,006



At 30 September 2024

6
28,000
28,006



Amortisation


At 1 October 2023
-
28,000
28,000



At 30 September 2024

-
28,000
28,000



Net book value



At 30 September 2024
6
-
6



At 30 September 2023
6
-
6



Page 6

 


AY AVIATION SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Short-term leasehold property
Office equipment
Total

£
£
£



Cost or valuation


At 1 October 2023
2
5,010
5,012



At 30 September 2024

2
5,010
5,012



Depreciation


At 1 October 2023
-
4,819
4,819


Charge for the year on owned assets
-
119
119



At 30 September 2024

-
4,938
4,938



Net book value



At 30 September 2024
2
72
74



At 30 September 2023
2
191
193


6.


Debtors

2024
2023
£
£


Trade debtors
825,300
800

Other debtors
-
72,913

825,300
73,713



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
514,417
15,096

Corporation tax
8,925
-

Other taxation and social security
8,242
-

Other creditors
619,191
36,575

Accruals and deferred income
4,095
3,000

1,154,870
54,671


 
Page 7