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REGISTERED NUMBER: 14713925 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 7 MARCH 2023 TO 31 MARCH 2024

FOR

FLYLOGIX HOLDINGS LIMITED

FLYLOGIX HOLDINGS LIMITED (REGISTERED NUMBER: 14713925)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 7 MARCH 2023 TO 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FLYLOGIX HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 7 MARCH 2023 TO 31 MARCH 2024







DIRECTORS: C A Tavner
R O Bowyer
Mr S P Nice
C M Jefferies Hancock
D P Robertson
D Thrussell





REGISTERED OFFICE: Unit 11
Merlin House
Meteor Way
Lee on Solent
Hampshire
PO13 9FU





REGISTERED NUMBER: 14713925 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

FLYLOGIX HOLDINGS LIMITED (REGISTERED NUMBER: 14713925)

BALANCE SHEET
31 MARCH 2024

Notes £ £
FIXED ASSETS
Tangible assets 4 100,250

CURRENT ASSETS
Debtors 5 153,398
Cash at bank 234,564
387,962
CREDITORS
Amounts falling due within one year 6 45,766
NET CURRENT ASSETS 342,196
TOTAL ASSETS LESS CURRENT LIABILITIES 442,446

CAPITAL AND RESERVES
Called up share capital 17
Share premium 928,136
Retained earnings (485,707 )
442,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

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 12 August 2024 and were signed on its behalf by:





C A Tavner - Director


FLYLOGIX HOLDINGS LIMITED (REGISTERED NUMBER: 14713925)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 7 MARCH 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Flylogix Holdings 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.

The presentational currency of the financial statements is Pound Sterling (£) which is rounded to the nearest Pound (£).

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 gross invoiced sales of services except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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 - 20% on cost
Motor vehicles - 25% on cost

Tangible fixed assets are initially measured at cost.

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

Taxation
Taxation for the period 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 period 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


FLYLOGIX HOLDINGS LIMITED (REGISTERED NUMBER: 14713925)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 7 MARCH 2023 TO 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The directors have prepared the financial statements on the going concern basis despite there being events that cast material uncertainty around the future viability of the business.
The directors do however believe they have a reasonable expectation that the company has access to adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
Additions 112,639
Disposals (3,316 )
At 31 March 2024 109,323
DEPRECIATION
Charge for period 9,073
At 31 March 2024 9,073
NET BOOK VALUE
At 31 March 2024 100,250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Trade debtors 6,069
Other debtors 147,329
153,398

FLYLOGIX HOLDINGS LIMITED (REGISTERED NUMBER: 14713925)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 7 MARCH 2023 TO 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Trade creditors 563
Taxation and social security 16,207
Other creditors 28,996
45,766

7. OTHER FINANCIAL COMMITMENTS

Post balance sheet date, at 1 April 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £47,616.