2022-04-01 2023-03-31 04406067 NORTH WEALD FLYING GROUP LIMITED false 04406067 2022-04-01 2023-03-31 04406067 uk-bus:Director1 2022-04-01 2023-03-31 04406067 uk-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04406067 uk-bus:SmallEntities 2022-04-01 2023-03-31 04406067 uk-bus:FullAccounts 2022-04-01 2023-03-31 04406067 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04406067 2022-04-01 04406067 2023-03-31 04406067 2022-03-31 xbrli:pure iso4217:GBP 04406067 2021-04-01 2022-03-31
Company Registration Number : 04406067 (England and Wales)
04406067
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-03-31
false
NORTH WEALD FLYING GROUP LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-04-01
NORTH WEALD FLYING GROUP LIMITED
Unaudited filleted financial statements
For the year ended 31 March 2023
NORTH WEALD FLYING GROUP LIMITED
Contents
For the year ended 31 March 2023

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


NORTH WEALD FLYING GROUP LIMITED
Company Information
For the year ended 31 March 2023

Company registration number 04406067 (England and Wales)
Directors Andrew James ARGENT
Gavin BOWMAN
Simon Graham LOWMAN
Registered office address The Badgers Mill Lane
Kelvedon Hatch
Brentwood, Essex
United Kingdom
CM15 0AH
Accountant Foss Accounting Limited
103 Burnell Gate
Chelmsford
Essex
CM1 6ED
NORTH WEALD FLYING GROUP LIMITED
Statement of Financial Position
For the year ended 31 March 2023

2023 2022
Notes £ £
Fixed assets
Property, plant and equipment 125,344 125,466
5 125,344 125,466
Current assets
Debtors 22,714 16,808
Corporation tax receivable 522 -
Cash and cash equivalents 56,208 65,666
79,443 82,474
Current liabilities
Creditors: Amounts falling due within one year (41,865) (41,127)
Corporation tax payable - (522)
(41,865) (41,648)
Net current assets/(liabilities) 37,578 40,825
Total assets less current liabilities 162,923 166,291
Non-current liabilities
Creditors: Amounts falling due after more than one year (13,433) (19,633)
Provision for liabilities (33,362) (27,362)
Net assets/(liabilities) 116,127 119,296
Capital and reserves
Called up share capital 900 900
Retained earnings 115,227 118,396
Shareholder's funds 116,127 119,296
For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 11 March 2024
.............................
Simon Graham LOWMAN (Director)
Company registration number: 04406067
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-03-31 31 March 2023
2023 2022
£ £
Fixed Assets 125,344 125,466
Current Assets 70,504 74,214
Prepayments and accrued income 8,939 8,259
Creditors: amounts falling due within one year (41,865) (41,648)
Net current assets (liabilities) 37,578 40,825
Total assets less current liabilities 162,923 166,291
CREDITORS: Amounts falling due more than one year (13,433) (19,633)
Provisions for liabilities (33,362) (27,362)
Net Assets (liabilities) 116,127 119,296
Capital and Reserves 116,127 119,296
For the year ending 31/03/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-03-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 11 March 2024 2024-03-11 and signed on behalf of the board,
.............................
Simon Graham LOWMAN
Director
Company registration number: 04406067
NORTH WEALD FLYING GROUP LIMITED
Notes to the Financial Statements
For the year ended 31 March 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is The Badgers Mill Lane, Kelvedon Hatch, Brentwood, Essex, United Kingdom, CM15 0AH.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Property, plant and equipment
Fixtures and fittings are stated at cost less accumulated depreciation. Plant and machinery are stated at cost.

Where applicable, depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the reducing balance method.
Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings25% reducing balance
Equipment
Motor Cars
Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.
Taxation
Taxation expense represents the aggregate amount of current tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

(4) Employees
During the year, the average number of employees including director was 1 (2022 : 1).

(5) Fixed assets
Tangible

£
Cost
As at 01 April 2022128,260
As at 31 March 2023128,260
Depreciation/Amortisation
As at 01 April 20222,793
For the year122
As at 31 March 20232,915
Net book value
As at 31 March 2023125,345
As at 31 March 2022125,467