Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Andrew George Whitney 01/05/2008 27 August 2024 The principal activity for the company during the year was that of passenger air transport services. 05558561 2023-12-31 05558561 bus:Director1 2023-12-31 05558561 2022-12-31 05558561 core:CurrentFinancialInstruments 2023-12-31 05558561 core:CurrentFinancialInstruments 2022-12-31 05558561 core:Non-currentFinancialInstruments 2023-12-31 05558561 core:Non-currentFinancialInstruments 2022-12-31 05558561 core:ShareCapital 2023-12-31 05558561 core:ShareCapital 2022-12-31 05558561 core:SharePremium 2023-12-31 05558561 core:SharePremium 2022-12-31 05558561 core:RetainedEarningsAccumulatedLosses 2023-12-31 05558561 core:RetainedEarningsAccumulatedLosses 2022-12-31 05558561 core:OtherResidualIntangibleAssets 2022-12-31 05558561 core:OtherResidualIntangibleAssets 2023-12-31 05558561 core:OtherPropertyPlantEquipment 2022-12-31 05558561 core:OtherPropertyPlantEquipment 2023-12-31 05558561 bus:OrdinaryShareClass1 2023-12-31 05558561 2023-01-01 2023-12-31 05558561 bus:FilletedAccounts 2023-01-01 2023-12-31 05558561 bus:SmallEntities 2023-01-01 2023-12-31 05558561 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05558561 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05558561 bus:Director1 2023-01-01 2023-12-31 05558561 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 05558561 2022-01-01 2022-12-31 05558561 core:OtherResidualIntangibleAssets 1 2023-01-01 2023-12-31 05558561 1 2023-01-01 2023-12-31 05558561 core:OtherPropertyPlantEquipment 1 2023-01-01 2023-12-31 05558561 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 05558561 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 05558561 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05558561 (England and Wales)

FLYMENOW LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

FLYMENOW LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

FLYMENOW LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
FLYMENOW LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTOR Andrew George Whitney
REGISTERED OFFICE Manor Farm
Eddlethorpe
Malton
YO17 9QT
England
United Kingdom
COMPANY NUMBER 05558561 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
FLYMENOW LIMITED

BALANCE SHEET

As at 31 December 2023
FLYMENOW LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 15,221 20,294
15,221 20,294
Current assets
Debtors 5 125,619 186,905
Cash at bank and in hand 6 1,469 16,567
127,088 203,472
Creditors: amounts falling due within one year 7 ( 236,241) ( 259,925)
Net current liabilities (109,153) (56,453)
Total assets less current liabilities (93,932) (36,159)
Creditors: amounts falling due after more than one year 8 ( 23,041) ( 24,167)
Net liabilities ( 116,973) ( 60,326)
Capital and reserves
Called-up share capital 9 1,120 1,120
Share premium account 59,720 59,720
Profit and loss account ( 177,813 ) ( 121,166 )
Total shareholder's deficit ( 116,973) ( 60,326)

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Flymenow Limited (registered number: 05558561) were approved and authorised for issue by the Director on 27 August 2024. They were signed on its behalf by:

Andrew George Whitney
Director
FLYMENOW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
FLYMENOW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Flymenow Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Manor Farm, Eddlethorpe, Malton, YO17 9QT, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets not amortised
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 January 2023 97,694 97,694
At 31 December 2023 97,694 97,694
Accumulated amortisation
At 01 January 2023 97,694 97,694
0 0
At 31 December 2023 97,694 97,694
Net book value
At 31 December 2023 0 0
At 31 December 2022 0 0

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2023 132,601 132,601
0 0
At 31 December 2023 132,601 132,601
Accumulated depreciation
At 01 January 2023 112,307 112,307
Charge for the financial year 5,073 5,073
At 31 December 2023 117,380 117,380
Net book value
At 31 December 2023 15,221 15,221
At 31 December 2022 20,294 20,294

5. Debtors

2023 2022
£ £
Trade debtors 54,164 81,472
Amounts owed by associates 56,949 84,539
Other debtors 14,506 20,894
125,619 186,905

6. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 1,469 16,567

7. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 3,788 10,000
Trade creditors 34,003 32,367
Amounts owed to associates 78,275 77,647
Taxation and social security 100 100
Other creditors 120,075 139,811
236,241 259,925

8. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 23,041 24,167

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1,120 Ordinary shares of £ 1.00 each 1,120 1,120