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REGISTERED NUMBER: 14167147 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Flight Creative Ltd

Flight Creative Ltd (Registered number: 14167147)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Flight Creative Ltd (Registered number: 14167147)

Abridged Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,104 -
Tangible assets 5 3,763 2,152
4,867 2,152

CURRENT ASSETS
Debtors 3,356 3,308
Cash at bank 11,899 13,319
15,255 16,627
CREDITORS
Amounts falling due within one year 14,842 18,078
NET CURRENT ASSETS/(LIABILITIES) 413 (1,451 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,280

701

PROVISIONS FOR LIABILITIES 715 409
NET ASSETS 4,565 292

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,465 192
SHAREHOLDERS' FUNDS 4,565 292

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

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

Flight Creative Ltd (Registered number: 14167147)

Abridged Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 August 2024 and were signed on its behalf by:




W L Hooper - Director



J E Hooper - Director


Flight Creative Ltd (Registered number: 14167147)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Flight Creative Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14167147

Registered office: Valley View
Tugby Orchards Business Centre
Wood Lane
Tugby
Leicestershire
LE7 9WE

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

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 cost and 15% on cost

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.


Flight Creative Ltd (Registered number: 14167147)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued
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 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 1,200
At 30 June 2024 1,200
AMORTISATION
Amortisation for year 96
At 30 June 2024 96
NET BOOK VALUE

At 30 June 2024 1,104

Flight Creative Ltd (Registered number: 14167147)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 2,814
Additions 2,597
At 30 June 2024 5,411
DEPRECIATION
At 1 July 2023 662
Charge for year 986
At 30 June 2024 1,648
NET BOOK VALUE
At 30 June 2024 3,763
At 30 June 2023 2,152