2021-12-012022-11-302022-11-30false07858515MIND FLIGHT LTD2023-11-29iso4217:GBPxbrli:pure078585152021-12-01078585152022-11-30078585152021-12-012022-11-30078585152020-12-01078585152021-11-30078585152020-12-012021-11-3007858515bus:SmallEntities2021-12-012022-11-3007858515bus:AuditExempt-NoAccountantsReport2021-12-012022-11-3007858515bus:FullAccounts2021-12-012022-11-3007858515bus:PrivateLimitedCompanyLtd2021-12-012022-11-3007858515core:WithinOneYear2022-11-3007858515core:AfterOneYear2022-11-3007858515core:WithinOneYear2021-11-3007858515core:AfterOneYear2021-11-3007858515core:ShareCapital2022-11-3007858515core:SharePremium2022-11-3007858515core:RevaluationReserve2022-11-3007858515core:OtherReservesSubtotal2022-11-3007858515core:RetainedEarningsAccumulatedLosses2022-11-3007858515core:ShareCapital2021-11-3007858515core:SharePremium2021-11-3007858515core:RevaluationReserve2021-11-3007858515core:OtherReservesSubtotal2021-11-3007858515core:RetainedEarningsAccumulatedLosses2021-11-3007858515core:LandBuildings2022-11-3007858515core:PlantMachinery2022-11-3007858515core:Vehicles2022-11-3007858515core:FurnitureFittings2022-11-3007858515core:OfficeEquipment2022-11-3007858515core:NetGoodwill2022-11-3007858515core:IntangibleAssetsOtherThanGoodwill2022-11-3007858515core:ListedExchangeTraded2022-11-3007858515core:UnlistedNon-exchangeTraded2022-11-3007858515core:LandBuildings2021-11-3007858515core:PlantMachinery2021-11-3007858515core:Vehicles2021-11-3007858515core:FurnitureFittings2021-11-3007858515core:OfficeEquipment2021-11-3007858515core:NetGoodwill2021-11-3007858515core:IntangibleAssetsOtherThanGoodwill2021-11-3007858515core:ListedExchangeTraded2021-11-3007858515core:UnlistedNon-exchangeTraded2021-11-3007858515core:LandBuildings2021-12-012022-11-3007858515core:PlantMachinery2021-12-012022-11-3007858515core:Vehicles2021-12-012022-11-3007858515core:FurnitureFittings2021-12-012022-11-3007858515core:OfficeEquipment2021-12-012022-11-3007858515core:NetGoodwill2021-12-012022-11-3007858515core:IntangibleAssetsOtherThanGoodwill2021-12-012022-11-3007858515core:ListedExchangeTraded2021-12-012022-11-3007858515core:UnlistedNon-exchangeTraded2021-12-012022-11-3007858515core:MoreThanFiveYears2021-12-012022-11-3007858515core:Non-currentFinancialInstruments2022-11-3007858515core:Non-currentFinancialInstruments2021-11-3007858515dpl:CostSales2021-12-012022-11-3007858515dpl:DistributionCosts2021-12-012022-11-3007858515core:LandBuildings2021-12-012022-11-3007858515core:PlantMachinery2021-12-012022-11-3007858515core:Vehicles2021-12-012022-11-3007858515core:FurnitureFittings2021-12-012022-11-3007858515core:OfficeEquipment2021-12-012022-11-3007858515dpl:AdministrativeExpenses2021-12-012022-11-3007858515core:NetGoodwill2021-12-012022-11-3007858515core:IntangibleAssetsOtherThanGoodwill2021-12-012022-11-3007858515dpl:GroupUndertakings2021-12-012022-11-3007858515dpl:ParticipatingInterests2021-12-012022-11-3007858515dpl:GroupUndertakingscore:ListedExchangeTraded2021-12-012022-11-3007858515core:ListedExchangeTraded2021-12-012022-11-3007858515dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-12-012022-11-3007858515core:UnlistedNon-exchangeTraded2021-12-012022-11-3007858515dpl:CostSales2020-12-012021-11-3007858515dpl:DistributionCosts2020-12-012021-11-3007858515core:LandBuildings2020-12-012021-11-3007858515core:PlantMachinery2020-12-012021-11-3007858515core:Vehicles2020-12-012021-11-3007858515core:FurnitureFittings2020-12-012021-11-3007858515core:OfficeEquipment2020-12-012021-11-3007858515dpl:AdministrativeExpenses2020-12-012021-11-3007858515core:NetGoodwill2020-12-012021-11-3007858515core:IntangibleAssetsOtherThanGoodwill2020-12-012021-11-3007858515dpl:GroupUndertakings2020-12-012021-11-3007858515dpl:ParticipatingInterests2020-12-012021-11-3007858515dpl:GroupUndertakingscore:ListedExchangeTraded2020-12-012021-11-3007858515core:ListedExchangeTraded2020-12-012021-11-3007858515dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-12-012021-11-3007858515core:UnlistedNon-exchangeTraded2020-12-012021-11-3007858515core:NetGoodwill2022-11-3007858515core:IntangibleAssetsOtherThanGoodwill2022-11-3007858515core:LandBuildings2022-11-3007858515core:PlantMachinery2022-11-3007858515core:Vehicles2022-11-3007858515core:FurnitureFittings2022-11-3007858515core:OfficeEquipment2022-11-3007858515core:AfterOneYear2022-11-3007858515core:WithinOneYear2022-11-3007858515core:ListedExchangeTraded2022-11-3007858515core:UnlistedNon-exchangeTraded2022-11-3007858515core:ShareCapital2022-11-3007858515core:SharePremium2022-11-3007858515core:RevaluationReserve2022-11-3007858515core:OtherReservesSubtotal2022-11-3007858515core:RetainedEarningsAccumulatedLosses2022-11-3007858515core:NetGoodwill2021-11-3007858515core:IntangibleAssetsOtherThanGoodwill2021-11-3007858515core:LandBuildings2021-11-3007858515core:PlantMachinery2021-11-3007858515core:Vehicles2021-11-3007858515core:FurnitureFittings2021-11-3007858515core:OfficeEquipment2021-11-3007858515core:AfterOneYear2021-11-3007858515core:WithinOneYear2021-11-3007858515core:ListedExchange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MIND FLIGHT LTD

Registered Number
07858515
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2022

MIND FLIGHT LTD
Company Information
for the year from 1 December 2021 to 30 November 2022

Directors

S Ogali
L Whelan

Company Secretary

AURIA ACCOUNTANCY LIMITED

Registered Address

C/O Auria
48 Warwick Street
London
W1B 5AW

Registered Number

07858515 (England and Wales)
MIND FLIGHT LTD
Balance Sheet as at
30 November 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Intangible assets650,00030,000
50,00030,000
Current assets
Debtors717,68019,673
Cash at bank and on hand451736
18,13120,409
Creditors amounts falling due within one year8(7,596)(9,347)
Net current assets (liabilities)10,53511,062
Total assets less current liabilities60,53541,062
Creditors amounts falling due after one year9(110,810)(71,310)
Net assets(50,275)(30,248)
Capital and reserves
Called up share capital3,3703,370
Share premium44,80044,800
Profit and loss account(98,445)(78,418)
Shareholders' funds(50,275)(30,248)
The financial statements were approved and authorised for issue by the Board of Directors on 29 November 2023, and are signed on its behalf by:
L Whelan
Director
Registered Company No. 07858515
MIND FLIGHT LTD
Notes to the Financial Statements
for the year ended 30 November 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company continued to be that of human health activities.
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Intangible assets policy
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
5.Employee information

20222021
Average number of employees during the year22
6.Intangible assets

Other

Total

££
Cost or valuation
At 01 December 2130,00030,000
Additions20,00020,000
At 30 November 2250,00050,000
Net book value
At 30 November 2250,00050,000
At 30 November 2130,00030,000
7.Debtors

2022

2021

££
Trade debtors / trade receivables-890
Other debtors17,68018,783
Total17,68019,673
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2022

2021

££
Trade creditors / trade payables4,8285,062
Other creditors2211,738
Accrued liabilities and deferred income2,5472,547
Total7,5969,347
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Creditors after one year

2022

2021

££
Other creditors110,81071,310
Total110,81071,310