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REGISTERED NUMBER: 05313241 (England and Wales)











Financial Statements

for the Year Ended 31 December 2023

for

FLYING SAUCERS LIMITED

FLYING SAUCERS LIMITED (REGISTERED NUMBER: 05313241)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLYING SAUCERS LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Ms V Bowes





SECRETARY: Mr M Bowes-Mulligan





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 05313241 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
42 Lyttons Road
Barent
Herefordshire
EN5 5BY

FLYING SAUCERS LIMITED (REGISTERED NUMBER: 05313241)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,358 12,806

CURRENT ASSETS
Debtors 5 19,695 31,453
Cash at bank and in hand 28,717 37,075
48,412 68,528
CREDITORS
Amounts falling due within one year 6 24,978 36,936
NET CURRENT ASSETS 23,434 31,592
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,792

44,398

CREDITORS
Amounts falling due after more than one year 7 28,791 33,866
NET ASSETS 6,001 10,532

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 9 5,899 10,430
SHAREHOLDERS' FUNDS 6,001 10,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

FLYING SAUCERS LIMITED (REGISTERED NUMBER: 05313241)

Balance Sheet - continued
31 December 2023


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 25 September 2024 and were signed by:





Ms V Bowes - Director


FLYING SAUCERS LIMITED (REGISTERED NUMBER: 05313241)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Flying Saucers 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.

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 - 20% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

FLYING SAUCERS LIMITED (REGISTERED NUMBER: 05313241)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machiner
£   
COST
At 1 January 2023 48,169
Additions 1,165
At 31 December 2023 49,334
DEPRECIATION
At 1 January 2023 35,363
Charge for year 2,613
At 31 December 2023 37,976
NET BOOK VALUE
At 31 December 2023 11,358
At 31 December 2022 12,806

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 6,175 6,861
Directors' current accounts 13,067 24,019
Prepayments and accrued income 453 573
19,695 31,453

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 8) 5,356 5,356
Tax 4,402 9,181
Social security and other taxes 360 360
VAT 1,958 7,618
Other Creditors 10,602 12,621
Accruals and deferred income 2,300 1,800
24,978 36,936

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 8) 28,791 33,866

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,368 12,443

FLYING SAUCERS LIMITED (REGISTERED NUMBER: 05313241)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,356 5,356

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,356 5,356

Amounts falling due between two and five years:
Bank loans - 2-5 years 16,067 16,067

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,368 12,443

9. RESERVES
Retained
earnings
£   

At 1 January 2023 10,430
Profit for the year 17,669
Dividends (22,200 )
At 31 December 2023 5,899

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Ms V Bowes
Balance outstanding at start of year 24,019 39,799
Amounts advanced 59,796 27,511
Amounts repaid (70,748 ) (43,291 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,067 24,019

Included in debtors due within one year is £13,067 (2022: £24,019) due and payable by the directors. The amount was fully repaid within 9 months of the balance sheet date. During the period interest of £147 (2022: £445 ) was charged at 2.25% on the overdrawn directors loan account.

FLYING SAUCERS LIMITED (REGISTERED NUMBER: 05313241)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. ULTIMATE CONTROLLING PARTY

The controlling party is Ms V Bowes.