Airwars 10314448 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is tracking, assessing and archiving international military actions and related civilian harm claims in conflict zones. Digita Accounts Production Advanced 6.30.9574.0 true true 10314448 2023-09-01 2024-08-31 10314448 2024-08-31 10314448 core:RetainedEarningsAccumulatedLosses 2024-08-31 10314448 core:CurrentFinancialInstruments 2024-08-31 10314448 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 10314448 core:FurnitureFittingsToolsEquipment 2024-08-31 10314448 bus:SmallEntities 2023-09-01 2024-08-31 10314448 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10314448 bus:FilletedAccounts 2023-09-01 2024-08-31 10314448 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10314448 bus:RegisteredOffice 2023-09-01 2024-08-31 10314448 bus:Director1 2023-09-01 2024-08-31 10314448 bus:Director4 2023-09-01 2024-08-31 10314448 bus:CompanyLimitedByGuarantee 2023-09-01 2024-08-31 10314448 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 10314448 core:OfficeEquipment 2023-09-01 2024-08-31 10314448 countries:EnglandWales 2023-09-01 2024-08-31 10314448 2023-08-31 10314448 core:FurnitureFittingsToolsEquipment 2023-08-31 10314448 2022-09-01 2023-08-31 10314448 2023-08-31 10314448 core:RetainedEarningsAccumulatedLosses 2023-08-31 10314448 core:CurrentFinancialInstruments 2023-08-31 10314448 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 10314448 core:FurnitureFittingsToolsEquipment 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 10314448

Airwars

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Airwars

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Airwars

Company Information

Directors

A Gupta

C Lind

Registered office

1 Colleton Crescent
Exeter
Devon
EX2 4DG

Accountants

Thompson Jenner LLP
Chartered Accountants
1 Colleton Crescent
Exeter
Devon
EX2 4DG

 

Airwars

(Registration number: 10314448)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,121

1,290

Current assets

 

Debtors

5

333

2,087

Cash at bank and in hand

 

505,639

287,715

 

505,972

289,802

Creditors: Amounts falling due within one year

6

(455,462)

(239,461)

Net current assets

 

50,510

50,341

Net assets

 

51,631

51,631

Reserves

 

Retained earnings

51,631

51,631

Surplus

 

51,631

51,631

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 May 2025 and signed on its behalf by:
 

.........................................
C Lind
Director

   
     
 

Airwars

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
1 Colleton Crescent
Exeter
Devon
EX2 4DG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transaction in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Airwars

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33.33% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Airwars

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 7).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

3,917

3,917

Additions

997

997

Disposals

(1,315)

(1,315)

At 31 August 2024

3,599

3,599

Depreciation

At 1 September 2023

2,627

2,627

Charge for the year

1,166

1,166

Eliminated on disposal

(1,315)

(1,315)

At 31 August 2024

2,478

2,478

Carrying amount

At 31 August 2024

1,121

1,121

At 31 August 2023

1,290

1,290

5

Debtors

2024
£

2023
£

Other debtors

25

-

Prepayments and accrued income

308

2,087

Total current trade and other debtors

333

2,087

 

Airwars

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

6

Creditors

2024
£

2023
£

Due within one year

Trade creditors

53,968

29,628

Other creditors

954

765

Accrued expenses

6,074

7,091

Deferred income

394,466

201,977

455,462

239,461