REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 September 2023 to 30 June 2024 |
for |
Manchester Flightsim Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 September 2023 to 30 June 2024 |
for |
Manchester Flightsim Ltd |
Manchester Flightsim Ltd (Registered number: 13569906) |
Contents of the Financial Statements |
for the Period 1 September 2023 to 30 June 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 2 |
Manchester Flightsim Ltd (Registered number: 13569906) |
Balance Sheet |
30 June 2024 |
30.6.24 | 31.8.23 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
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 |
Manchester Flightsim Ltd (Registered number: 13569906) |
Notes to the Financial Statements |
for the Period 1 September 2023 to 30 June 2024 |
1. | STATUTORY INFORMATION |
Manchester Flightsim Ltd is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. |
When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed. |
Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable. |
Tangible fixed assets |
Improvements to property | - |
Flight simulator | - |
Computer equipment | - |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Manchester Flightsim Ltd (Registered number: 13569906) |
Notes to the Financial Statements - continued |
for the Period 1 September 2023 to 30 June 2024 |
4. | TANGIBLE FIXED ASSETS |
Improvements |
to | Flight | Computer |
property | simulator | Equipment | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 September 2023 |
Disposals | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) |
At 30 June 2024 |
DEPRECIATION |
At 1 September 2023 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 31 August 2023 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 31.8.23 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
6. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
30.6.24 | 31.8.23 |
£ | £ |
Within one year |
7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the period ended 30 June 2024 and the year ended 31 August 2023: |
30.6.24 | 31.8.23 |
£ | £ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |