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REGISTERED NUMBER: 07525105 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

FLYING FANTASTIC LIMITED

FLYING FANTASTIC LIMITED (REGISTERED NUMBER: 07525105)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLYING FANTASTIC LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTORS: CJH Wigan
Mrs E Wigan





SECRETARY: CJH Wigan





REGISTERED OFFICE: Abingworth
New England Lane
Rye
East Sussex
TN31 7NT





REGISTERED NUMBER: 07525105 (England and Wales)





ACCOUNTANTS: Chatswood Associates
Abingworth
New England Lane
Rye
East Sussex
TN31 7NT

FLYING FANTASTIC LIMITED (REGISTERED NUMBER: 07525105)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 264,345 318,247

CURRENT ASSETS
Debtors 5 529,327 165,116
Prepayments and rent deposit 15,518 13,500
Cash at bank 40,630 346,730
585,475 525,346
CREDITORS
Amounts falling due within one year 6 130,299 132,413
NET CURRENT ASSETS 455,176 392,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

719,521

711,180

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 379,020 379,020
Retained earnings 339,501 331,160
719,521 711,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FLYING FANTASTIC LIMITED (REGISTERED NUMBER: 07525105)

Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





CJH Wigan - Director


FLYING FANTASTIC LIMITED (REGISTERED NUMBER: 07525105)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Flying Fantastic Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents invoiced fees for services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property fit-out - straight line over the period of the lease
Fixtures and fittings - 20% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

FLYING FANTASTIC LIMITED (REGISTERED NUMBER: 07525105)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 663,674
Additions 19,103
At 28 February 2023 682,777
DEPRECIATION
At 1 March 2022 345,427
Charge for year 73,005
At 28 February 2023 418,432
NET BOOK VALUE
At 28 February 2023 264,345
At 28 February 2022 318,247

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 529,327 165,116

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Payments on account 50,145 40,010
Taxation and social security 38,899 42,548
Other creditors 41,255 49,855
130,299 132,413