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REGISTERED NUMBER: 03296332 (England and Wales)











Financial Statements

for the Year Ended 30 November 2023

for

Anglian Flight Centres Limited

Anglian Flight Centres Limited (Registered number: 03296332)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Anglian Flight Centres Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: K T Barber





REGISTERED OFFICE: 5 Grange Way
Colchester
Essex
CO2 8HG





REGISTERED NUMBER: 03296332 (England and Wales)





AUDITORS: Knights Lowe Limited
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

Anglian Flight Centres Limited (Registered number: 03296332)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,768 11,691
Investments 5 1 1
8,769 11,692

CURRENT ASSETS
Stocks 12,540 9,215
Debtors 6 102,660 104,109
Cash at bank and in hand 121,623 150,492
236,823 263,816
CREDITORS
Amounts falling due within one year 7 272,375 383,263
NET CURRENT LIABILITIES (35,552 ) (119,447 )
TOTAL ASSETS LESS CURRENT LIABILITIES (26,783 ) (107,755 )

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings (26,983 ) (107,955 )
SHAREHOLDERS' FUNDS (26,783 ) (107,755 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





K T Barber - Director


Anglian Flight Centres Limited (Registered number: 03296332)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Anglian Flight Centres 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
Although at the statement of financial position date the company had net current liabilities of £35,552 (2022: £119,447), included within creditors falling due within one year is £174,065 (2022: £217,312) due to fellow group companies. Repayment of these intercompany amounts will not be sought until the company's cashflow permits. In view of this ongoing support, the director has a reasonable expectation that the company will remain in operational existence for the foreseeable future. Accordingly, the company continues to adopt the going concern basis in preparing its financial statements.

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

Turnover includes flight sales, fuel sales, landing fees, sales of gift vouchers, membership fees, ground school and exam fees.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.


Anglian Flight Centres Limited (Registered number: 03296332)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022
and 30 November 2023 63,841
DEPRECIATION
At 1 December 2022 52,150
Charge for year 2,923
At 30 November 2023 55,073
NET BOOK VALUE
At 30 November 2023 8,768
At 30 November 2022 11,691

Anglian Flight Centres Limited (Registered number: 03296332)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 1
NET BOOK VALUE
At 30 November 2023 1
At 30 November 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 52,877 45,218
Amounts owed by group undertakings 2,459 36,693
Other debtors 47,324 22,198
102,660 104,109

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 27,147 14,347
Amounts owed to group undertakings 174,065 217,312
Taxation and social security 23,761 30,475
Other creditors 47,402 121,129
272,375 383,263

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary 1 200 200

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Mortimer FCA FCCA (Senior Statutory Auditor)
for and on behalf of Knights Lowe Limited

10. RELATED PARTY DISCLOSURES

The company has use of aircraft and facilities owned by Bulldog Aviation Limited a fellow subsidiary. No amounts are paid for this use on the basis that the company covers their appropriate service and maintenance costs.

Anglian Flight Centres Limited (Registered number: 03296332)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

11. CONTROLLING PARTY

The controlling party is Colne Valley Electrical Limited whose registered office is at 5 Grange Way, Colchester, Essex, CO2 8HG.