Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302025-05-23false2023-10-01falseAircraft Training Services54truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05836429 2023-10-01 2024-09-30 05836429 2022-10-01 2023-09-30 05836429 2024-09-30 05836429 2023-09-30 05836429 2022-10-01 05836429 c:Director3 2023-10-01 2024-09-30 05836429 d:PlantMachinery 2023-10-01 2024-09-30 05836429 d:FurnitureFittings 2023-10-01 2024-09-30 05836429 d:OfficeEquipment 2023-10-01 2024-09-30 05836429 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 05836429 d:OtherPropertyPlantEquipment 2024-09-30 05836429 d:OtherPropertyPlantEquipment 2023-09-30 05836429 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05836429 d:CurrentFinancialInstruments 2024-09-30 05836429 d:CurrentFinancialInstruments 2023-09-30 05836429 d:Non-currentFinancialInstruments 2024-09-30 05836429 d:Non-currentFinancialInstruments 2023-09-30 05836429 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 05836429 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05836429 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 05836429 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 05836429 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 05836429 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 05836429 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 05836429 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 05836429 d:ShareCapital 2024-09-30 05836429 d:ShareCapital 2023-09-30 05836429 d:CapitalRedemptionReserve 2024-09-30 05836429 d:CapitalRedemptionReserve 2023-09-30 05836429 d:RetainedEarningsAccumulatedLosses 2024-09-30 05836429 d:RetainedEarningsAccumulatedLosses 2023-09-30 05836429 c:OrdinaryShareClass3 2023-10-01 2024-09-30 05836429 c:OrdinaryShareClass3 2024-09-30 05836429 c:OrdinaryShareClass3 2023-09-30 05836429 c:OrdinaryShareClass4 2023-10-01 2024-09-30 05836429 c:OrdinaryShareClass4 2024-09-30 05836429 c:OrdinaryShareClass4 2023-09-30 05836429 c:OrdinaryShareClass5 2023-10-01 2024-09-30 05836429 c:OrdinaryShareClass5 2024-09-30 05836429 c:OrdinaryShareClass5 2023-09-30 05836429 c:FRS102 2023-10-01 2024-09-30 05836429 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05836429 c:FullAccounts 2023-10-01 2024-09-30 05836429 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05836429 d:WithinOneYear 2024-09-30 05836429 d:WithinOneYear 2023-09-30 05836429 d:BetweenOneFiveYears 2024-09-30 05836429 d:BetweenOneFiveYears 2023-09-30 05836429 2 2023-10-01 2024-09-30 05836429 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 05836429 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 05836429 d:OtherDeferredTax 2024-09-30 05836429 d:OtherDeferredTax 2023-09-30 05836429 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05836429









ADVANCED AIRCRAFT TRAINING LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
ADVANCED AIRCRAFT TRAINING LIMITED
REGISTERED NUMBER: 05836429

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,639
6,843

Current assets
  

Debtors: amounts falling due within one year
 5 
482,441
445,430

Cash at bank and in hand
  
832,072
621,828

  
1,314,513
1,067,258

Current Liabilities
  

Creditors: amounts falling due within one year
 6 
(497,276)
(561,496)

Net current assets
  
 
 
817,237
 
 
505,762

Total assets less current liabilities
  
822,876
512,605

Non-current liabilities
  

Creditors: amounts falling due after more than one year
 7 
(9,992)
(19,992)

Provisions for liabilities
  

Deferred tax
 9 
(1,185)
(1,267)

Net assets
  
811,699
491,346


Capital and reserves
  

Called up share capital 
 10 
8,001
8,001

Capital redemption reserve
  
4,000
4,000

Profit and loss account
  
799,698
479,345

  
811,699
491,346


Page 1

 
ADVANCED AIRCRAFT TRAINING LIMITED
REGISTERED NUMBER: 05836429

BALANCE SHEET (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 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 N S Taylor
Director

Date: 23 May 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
ADVANCED AIRCRAFT TRAINING LIMITED
 

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

1.


General information

Advanced Aircraft Training Limited is a private Company limited by shares, incorporated in England and Wales, within the United Kingdom. The address of the registered office is Unit 1 Lancaster Way Business Park, Ely, Cambridgeshire, England, CB6 3NW. The Company is not part of a group.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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.

Page 3

 
ADVANCED AIRCRAFT TRAINING LIMITED
 

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

2.Accounting policies (continued)

 
2.3

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:

Aircraft manuals
-
10%
straight line
Fixtures and fittings
-
25%
straight line
Office equipment
-
25%
straight line
Website design
-
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.

 
2.4

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.

 
2.5

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.

 
2.6

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.

Page 4

 
ADVANCED AIRCRAFT TRAINING LIMITED
 

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

2.Accounting policies (continued)

 
2.7

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.8

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.

 
2.9

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.

 
2.10

Operating leases: the Company as lessee

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

 
2.11

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.

Page 5

 
ADVANCED AIRCRAFT TRAINING LIMITED
 

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

2.Accounting policies (continued)

 
2.12

Interest income

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

 
2.13

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.14

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.

 
2.15

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.



3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 4).

Page 6

 
ADVANCED AIRCRAFT TRAINING LIMITED
 

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

4.


Tangible fixed assets





Other fixed assets

£



Cost


At 1 October 2023
18,077


Additions
1,579



At 30 September 2024

19,656



Depreciation


At 1 October 2023
11,234


Charge for the year on owned assets
2,783



At 30 September 2024

14,017



Net book value



At 30 September 2024
5,639



At 30 September 2023
6,843

Page 7

 
ADVANCED AIRCRAFT TRAINING LIMITED
 

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

5.


Debtors

2024
2023
£
£


Trade debtors
452,109
423,680

Other debtors
5,600
670

Called up share capital not paid
1
1

Prepayments
24,731
21,079

482,441
445,430



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
9,327
-

Bank loans
10,000
10,000

Trade creditors
81,896
20,311

Corporation tax
217,513
141,333

Other taxation and social security
10,304
21,266

Other creditors
17,170
21,125

Accruals
151,066
347,461

497,276
561,496



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,992
19,992


Page 8

 
ADVANCED AIRCRAFT TRAINING LIMITED
 

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

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
9,992
10,000

Amounts falling due 2-5 years

Bank loans
-
9,992


19,992
29,992



9.


Deferred taxation




2024
2023


£

£






At beginning of year
(1,267)
(314)


Charged to profit or loss
82
(953)



At end of year
(1,185)
(1,267)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,285)
(1,355)

Other timing differences
100
88

(1,185)
(1,267)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2,000 (2023 - 2,000) Ordinary 'A' shares of £1.00 each
2,000
2,000
3,080 (2023 - 4,080) Ordinary 'B' shares of £1.00 each
3,080
4,080
1,920 (2023 - 1,920) Ordinary 'C' shares of £1.00 each
1,920
1,920
1,000 (2023 - ) Ordinary 'D' shares of £1.00 each
1,000
-

8,000

8,000
Page 9

 
ADVANCED AIRCRAFT TRAINING LIMITED
 

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

10.Share capital (continued)


Allotted, called up and partly paid



1 (2023 - 1) Ordinary 'Z' share of £1.00
1
1



11.


Pension commitments

The Company operated 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 £5,025 (2023 - £4,513). Contributions totalling £863 (2023 - £832) were payable to the fund at the balance sheet date and are included in creditors. 


12.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
19,500
19,500

Later than 1 year and not later than 5 years
56,875
76,375

76,375
95,875


13.


Related party transactions

During the year the Company operated loans with the directors of the Company. The amount payable to the directors of the Company at the year end was £1,953 (2023 - £6,404). These loans are interest free and repayable on demand. 


Page 10