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REGISTERED NUMBER: 05011944 (England and Wales)















BLUE CITY AVIATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






BLUE CITY AVIATION LIMITED (REGISTERED NUMBER: 05011944)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BLUE CITY AVIATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: K J Perry





REGISTERED OFFICE: Second Florr
Argosy Building
Birmingham Airport
Birmingham
West Midlands
B26 3QN





REGISTERED NUMBER: 05011944 (England and Wales)





ACCOUNTANTS: Burrows Scarborough
Sovereign House
12 Warwick Street
Coventry
West Midlands
CV5 6ET

BLUE CITY AVIATION LIMITED (REGISTERED NUMBER: 05011944)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 256,430 189,798
Investments 5 254,980 150,000
511,410 339,798

CURRENT ASSETS
Debtors 6 293,863 291,746
Prepayments and accrued income 65,605 48,352
Cash at bank 790,098 822,287
1,149,566 1,162,385
CREDITORS
Amounts falling due within one year 7 655,135 541,401
NET CURRENT ASSETS 494,431 620,984
TOTAL ASSETS LESS CURRENT LIABILITIES 1,005,841 960,782

CREDITORS
Amounts falling due after more than one year 8 (14,276 ) (24,224 )

PROVISIONS FOR LIABILITIES (64,056 ) (47,386 )
NET ASSETS 927,509 889,172

RESERVES
Retained earnings 927,509 889,172
SHAREHOLDERS' FUNDS 927,509 889,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2024 and were signed by:



K J Perry - Director


BLUE CITY AVIATION LIMITED (REGISTERED NUMBER: 05011944)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Blue City Aviation 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.

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 cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 16 ) .

BLUE CITY AVIATION LIMITED (REGISTERED NUMBER: 05011944)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 455,243
Additions 145,904
At 31 January 2024 601,147
DEPRECIATION
At 1 February 2023 265,445
Charge for year 79,272
At 31 January 2024 344,717
NET BOOK VALUE
At 31 January 2024 256,430
At 31 January 2023 189,798

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 February 2023 150,000
Additions 100,000
Revaluations 4,980
At 31 January 2024 254,980
NET BOOK VALUE
At 31 January 2024 254,980
At 31 January 2023 150,000

Cost or valuation at 31 January 2024 is represented by:

Other
investments
£   
Valuation in 2023 150,000
Valuation in 2024 104,980
254,980

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 250,000 -
Aggregate provisions (4,980 ) -

Fixed Asset Investments were valued on an open market basis on 31 January 2024 by St James Place .

BLUE CITY AVIATION LIMITED (REGISTERED NUMBER: 05011944)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 218,597 209,163
Other debtors 75,266 82,583
293,863 291,746

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,998 9,948
Trade creditors 497,072 374,154
Taxation and social security 23,300 52,332
Other creditors 124,765 104,967
655,135 541,401

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 14,276 24,224