Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302023-10-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity133120truetrue 09462666 2023-09-30 09462666 2023-10-01 2024-09-30 09462666 2024-09-30 09462666 2022-04-01 2023-03-31 09462666 2023-03-31 09462666 c:Director1 2023-10-01 2024-09-30 09462666 c:RegisteredOffice 2023-10-01 2024-09-30 09462666 d:PlantMachinery 2023-10-01 2024-09-30 09462666 d:PlantMachinery 2024-09-30 09462666 d:PlantMachinery 2023-03-31 09462666 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09462666 d:FurnitureFittings 2023-10-01 2024-09-30 09462666 d:FurnitureFittings 2024-09-30 09462666 d:FurnitureFittings 2023-03-31 09462666 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09462666 d:OfficeEquipment 2023-10-01 2024-09-30 09462666 d:OfficeEquipment 2024-09-30 09462666 d:OfficeEquipment 2023-03-31 09462666 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09462666 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09462666 d:CurrentFinancialInstruments 2024-09-30 09462666 d:CurrentFinancialInstruments 2023-03-31 09462666 d:Non-currentFinancialInstruments 2024-09-30 09462666 d:Non-currentFinancialInstruments 2023-03-31 09462666 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 09462666 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09462666 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 09462666 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09462666 d:ShareCapital 2024-09-30 09462666 d:ShareCapital 2023-03-31 09462666 d:RetainedEarningsAccumulatedLosses 2024-09-30 09462666 d:RetainedEarningsAccumulatedLosses 2023-03-31 09462666 c:FRS102 2023-10-01 2024-09-30 09462666 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09462666 c:FullAccounts 2023-10-01 2024-09-30 09462666 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09462666 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Company registration number 09462666







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024


ANDERSON YOUNG AVIATION LIMITED






































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ANDERSON YOUNG AVIATION LIMITED
 


 
COMPANY INFORMATION


Director
Mr S J Hayden-Stapf 




Registered number
09462666



Registered office
Suite A
1st Floor Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


ANDERSON YOUNG AVIATION LIMITED
 



CONTENTS



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


 


ANDERSON YOUNG AVIATION LIMITED
REGISTERED NUMBER:09462666



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
219,616
240,104

  
219,616
240,104

Current assets
  

Debtors: amounts falling due within one year
 5 
1,780,293
1,750,022

Cash at bank and in hand
  
103,657
134,899

  
1,883,950
1,884,921

Creditors: amounts falling due within one year
 6 
(1,973,902)
(1,879,507)

Net current (liabilities)/assets
  
 
 
(89,952)
 
 
5,414

Total assets less current liabilities
  
129,664
245,518

Creditors: amounts falling due after more than one year
 7 
(26,667)
(161,421)

Provisions for liabilities
  

Deferred tax
  
(53,375)
(56,605)

  
 
 
(53,375)
 
 
(56,605)

Net assets
  
49,622
27,492


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
49,522
27,392

  
49,622
27,492


Page 1

 


ANDERSON YOUNG AVIATION LIMITED
REGISTERED NUMBER:09462666


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

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 by: 




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

Date: 14 February 2025

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

Page 2

 


ANDERSON YOUNG AVIATION LIMITED
 


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

1.


General information

Anderson Young Aviation 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 the registered office is disclosed on the company information page. 
The address of its principal place of business is Bagshot House, High Street, Bagshot GU19 5AF.
The Company extended its year end from 31 March 2024 to 30 September 2024. These financial statements present the activity of the company for the 18 month period ended 30 September 2024 which are not entirely comparable to the previous 12 months ended 31 March 2023.

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

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
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.

Page 3

 


ANDERSON YOUNG AVIATION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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 reporting 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 reporting 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 reporting date.

 
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.

Page 4

 


ANDERSON YOUNG AVIATION LIMITED
 


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

2.Accounting policies (continued)


2.7
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:

Plant and machinery
-
25%
Fixtures & fittings
-
25%
Computer 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.

 
2.8

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 133 (2023 - 120).

Page 5

 


ANDERSON YOUNG AVIATION LIMITED
 


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

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2023
317,732
9,390
9,196
336,318


Additions
6,613
5,450
5,431
17,494



At 30 September 2024

324,345
14,840
14,627
353,812



Depreciation


At 1 October 2023
81,103
6,607
8,504
96,214


Charge for the year on owned assets
33,585
2,860
1,537
37,982



At 30 September 2024

114,688
9,467
10,041
134,196



Net book value



At 30 September 2024
209,657
5,373
4,586
219,616



At 30 September 2023
236,629
2,783
692
240,104


5.


Debtors

2024
2023
£
£


Trade debtors
1,451,543
1,407,225

Other debtors
305,980
142,582

Prepayments and accrued income
22,770
200,215

1,780,293
1,750,022


Page 6

 


ANDERSON YOUNG AVIATION LIMITED
 


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

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
40,000
40,000

Trade creditors
397,302
498,831

Corporation tax
60,353
-

Other taxation and social security
313,431
162,325

Obligations under finance lease and hire purchase contracts
43,492
62,541

Other creditors
1,101,607
1,110,810

Accruals and deferred income
17,717
5,000

1,973,902
1,879,507


Included in other creditors is an amount of £800,834 whcih is secured over the company's assets.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
26,667
86,667

Net obligations under finance leases and hire purchase contracts
-
74,754

26,667
161,421


The bank loans are secured by way of a fixed and floating charge over the company's assets.


8.


Transactions with director

At 30 September 2024 the following amounts included within other debtors were owed to the company by its directors:


Brought Forward 1 April 2023
Advance/ Credit
Repaid
Carried Forward 30 September 2024
£
£
£
£

Director loan
2,091
219,258
(74,650)
146,699
2,091
219,258
(74,650)
146,699

No interest is being charged on the above. The directors loan was fully repaid by 31 January 2025.

 
Page 7