IRIS Accounts Production v23.3.1.45 12371676 director 1.1.22 31.12.22 31.12.22 0 0 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh123716762021-12-31123716762022-12-31123716762022-01-012022-12-31123716762020-12-31123716762021-01-012021-12-31123716762021-12-3112371676ns10:Originalns15:EnglandWales2022-01-012022-12-3112371676ns14:PoundSterlingns10:Original2022-01-012022-12-3112371676ns10:Originalns10:Director12022-01-012022-12-3112371676ns10:Original2022-01-012022-12-3112371676ns10:Original2022-12-3112371676ns10:Originalns10:PrivateLimitedCompanyLtd2022-01-012022-12-3112371676ns10:Originalns10:SmallEntities2022-01-012022-12-3112371676ns10:Originalns10:AuditExempt-NoAccountantsReport2022-01-012022-12-3112371676ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3112371676ns10:SmallCompaniesRegimeForAccountsns10:Original2022-01-012022-12-3112371676ns10:Originalns10:FullAccounts2022-01-012022-12-3112371676ns10:Original2021-01-012021-12-3112371676ns10:Original12022-01-012022-12-3112371676ns10:Originalns10:OrdinaryShareClass12022-01-012022-12-3112371676ns10:Originalns10:RegisteredOffice2022-01-012022-12-3112371676ns10:Original2021-12-3112371676ns10:Originalns5:CurrentFinancialInstruments2022-12-3112371676ns10:Originalns5:CurrentFinancialInstruments2021-12-3112371676ns5:ShareCapitalns10:Original2022-12-3112371676ns5:ShareCapitalns10:Original2021-12-3112371676ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3112371676ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-12-3112371676ns10:Originalns5:NetGoodwill2022-01-012022-12-3112371676ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-01-012022-12-3112371676ns10:Originalns5:NetGoodwill2021-12-3112371676ns10:Originalns5:NetGoodwill2022-12-3112371676ns10:Originalns5:NetGoodwill2021-12-3112371676ns10:Originalns5:PlantMachinery2021-12-3112371676ns10:Originalns5:PlantMachinery2022-01-012022-12-3112371676ns10:Originalns5:PlantMachinery2022-12-3112371676ns10:Originalns5:PlantMachinery2021-12-3112371676ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3112371676ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-12-3112371676ns10:Originalns10:OrdinaryShareClass12022-12-31
REGISTERED NUMBER: 12371676 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

PILOT FLIGHT TRAINING LTD

PILOT FLIGHT TRAINING LTD (REGISTERED NUMBER: 12371676)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PILOT FLIGHT TRAINING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: T R Saunders





REGISTERED OFFICE: Finsbury House
New Street
Chipping Norton
Oxfordshire
OX7 5LL





REGISTERED NUMBER: 12371676 (England and Wales)





ACCOUNTANTS: V M Murphy & Co
Finsbury House,
New Street,
Chipping Norton,
Oxfordshire
OX7 5LL

PILOT FLIGHT TRAINING LTD (REGISTERED NUMBER: 12371676)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 49,000 58,000
Tangible assets 5 882 1,176
49,882 59,176

CURRENT ASSETS
Debtors 6 109,215 3,655
Cash at bank 22,613 16,931
131,828 20,586
CREDITORS
Amounts falling due within one year 7 176,882 89,006
NET CURRENT LIABILITIES (45,054 ) (68,420 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,828

(9,244

)

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 3,828 (10,244 )
SHAREHOLDERS' FUNDS 4,828 (9,244 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 5 February 2024 and were signed by:




T R Saunders - Director


PILOT FLIGHT TRAINING LTD (REGISTERED NUMBER: 12371676)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

PILOT FLIGHT TRAINING LTD (REGISTERED NUMBER: 12371676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 70,000
AMORTISATION
At 1 January 2022 12,000
Charge for year 9,000
At 31 December 2022 21,000
NET BOOK VALUE
At 31 December 2022 49,000
At 31 December 2021 58,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 2,091
DEPRECIATION
At 1 January 2022 915
Charge for year 294
At 31 December 2022 1,209
NET BOOK VALUE
At 31 December 2022 882
At 31 December 2021 1,176

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 109,215 3,655

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 70,801 -
Taxation and social security 5,922 293
Other creditors 100,159 88,713
176,882 89,006

PILOT FLIGHT TRAINING LTD (REGISTERED NUMBER: 12371676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1,000 Ordinary 1.00 1,000 1,000