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REGISTERED NUMBER: 10104945 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BIGGLESWADE FLYING GROUP LTD

BIGGLESWADE FLYING GROUP LTD (REGISTERED NUMBER: 10104945)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

BIGGLESWADE FLYING GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: A Sapiano





REGISTERED OFFICE: 5 Lichfield
Biggleswade
Bedford
Bedfordshire
SG18 8JF





REGISTERED NUMBER: 10104945 (England and Wales)





ACCOUNTANTS: Longstaff, Gentle & Co
61 Harpur Street
Bedford
Bedfordshire
MK40 2SR

BIGGLESWADE FLYING GROUP LTD (REGISTERED NUMBER: 10104945)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,911 93,135

CURRENT ASSETS
Debtors 5 978 1,493
Cash at bank 282 993
1,260 2,486
CREDITORS
Amounts falling due within one year 6 79,826 73,324
NET CURRENT LIABILITIES (78,566 ) (70,838 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,345

22,297

PROVISIONS FOR LIABILITIES 8,215 8,215
NET ASSETS 5,130 14,082

CAPITAL AND RESERVES
Called up share capital 36,100 36,100
Retained earnings (30,970 ) (22,018 )
SHAREHOLDERS' FUNDS 5,130 14,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

BIGGLESWADE FLYING GROUP LTD (REGISTERED NUMBER: 10104945)

BALANCE SHEET - continued
30 APRIL 2024


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 12 August 2024 and were signed by:





A Sapiano - Director


BIGGLESWADE FLYING GROUP LTD (REGISTERED NUMBER: 10104945)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Biggleswade Flying Group 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 as modified by the revaluation of certain assets.

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 - 25% on reducing balance, 15% on reducing balance, 10% on cost and revalued annually

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 1 (2023 - 1 ) .

BIGGLESWADE FLYING GROUP LTD (REGISTERED NUMBER: 10104945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 102,930
DEPRECIATION
At 1 May 2023 9,795
Charge for year 1,224
At 30 April 2024 11,019
NET BOOK VALUE
At 30 April 2024 91,911
At 30 April 2023 93,135

Cost or valuation at 30 April 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2024 85,000
Cost 17,930
102,930

If the aircraft had not been revalued it would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 21,000 21,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade Debtors 436 882
Other Debtors 118 -
Prepayments 424 611
978 1,493

BIGGLESWADE FLYING GROUP LTD (REGISTERED NUMBER: 10104945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other Taxes & Social Security - 168
Directors' Current Account 79,186 72,546
Accrued Expenses 640 610
79,826 73,324

BIGGLESWADE FLYING GROUP LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
BIGGLESWADE FLYING GROUP LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Longstaff, Gentle & Co
61 Harpur Street
Bedford
Bedfordshire
MK40 2SR


12 August 2024