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REGISTERED NUMBER: 09967482 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Deeside Flight Simulators Limited

Deeside Flight Simulators Limited (Registered number: 09967482)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Deeside Flight Simulators Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D Holt
S W Mitchell





REGISTERED OFFICE: Unit 18
Evans Business Park
North Road
Ellesmere Port
Cheshire
CH65 1AE





REGISTERED NUMBER: 09967482 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Deeside Flight Simulators Limited (Registered number: 09967482)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 504,969 590,600

CURRENT ASSETS
Debtors 5 101,239 109,269
Cash at bank and in hand 16,345 16,083
117,584 125,352
CREDITORS
Amounts falling due within one year 6 241,978 238,955
NET CURRENT LIABILITIES (124,394 ) (113,603 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,575

476,997

PROVISIONS FOR LIABILITIES 87,655 89,565
NET ASSETS 292,920 387,432

CAPITAL AND RESERVES
Called up share capital 7 200 200
Revaluation reserve 8 374,045 374,045
Retained earnings (81,325 ) 13,187
SHAREHOLDERS' FUNDS 292,920 387,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Deeside Flight Simulators Limited (Registered number: 09967482)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by:





D Holt - Director


Deeside Flight Simulators Limited (Registered number: 09967482)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Deeside Flight Simulators 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 2 (2022 - 2 ) .

Deeside Flight Simulators Limited (Registered number: 09967482)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 870,533
DEPRECIATION
At 1 January 2023 279,933
Charge for year 85,631
At 31 December 2023 365,564
NET BOOK VALUE
At 31 December 2023 504,969
At 31 December 2022 590,600


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 495 2,215
Amounts owed by group undertakings 100,744 105,744
Other debtors - 1,310
101,239 109,269

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 3,745 733
Other creditors 238,233 238,222
241,978 238,955

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
95 Ordinary A £1 95 95
95 Ordinary B £1 95 95
10 Ordinary C £1 10 10
200 200

Deeside Flight Simulators Limited (Registered number: 09967482)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 374,045