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REGISTERED NUMBER: 14327898 (England and Wales)















Unaudited Financial Statements

for the Period 31 August 2022 to 31 August 2023

for

Fly Commerce Ltd

Fly Commerce Ltd (Registered number: 14327898)






Contents of the Financial Statements
for the Period 31 August 2022 to 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fly Commerce Ltd

Company Information
for the Period 31 August 2022 to 31 August 2023







DIRECTOR: O Sassi





SECRETARY:





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 14327898 (England and Wales)






Fly Commerce Ltd (Registered number: 14327898)

Balance Sheet
31 August 2023

Notes £   
FIXED ASSETS
Intangible assets 4 23,508
Tangible assets 5 16,125
39,633

CURRENT ASSETS
Debtors 6 48,341
Cash at bank 32
48,373
CREDITORS
Amounts falling due within one year 7 (13,434 )
NET CURRENT ASSETS 34,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,572

CAPITAL AND RESERVES
Called up share capital 11,300
Share premium 128,652
Retained earnings (65,380 )
74,572

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2023 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.

Fly Commerce Ltd (Registered number: 14327898)

Balance Sheet - continued
31 August 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 30 October 2024 and were signed by:





O Sassi - Director


Fly Commerce Ltd (Registered number: 14327898)

Notes to the Financial Statements
for the Period 31 August 2022 to 31 August 2023

1. STATUTORY INFORMATION

Fly Commerce Ltd 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.

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.

Amortisation of computer software will commence when the computer software is available for use.

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 reducing balance

Taxation
Taxation for the period 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.

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 period 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 period was 1 .

Fly Commerce Ltd (Registered number: 14327898)

Notes to the Financial Statements - continued
for the Period 31 August 2022 to 31 August 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 23,508
At 31 August 2023 23,508
NET BOOK VALUE
At 31 August 2023 23,508

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 18,000
At 31 August 2023 18,000
DEPRECIATION
Charge for period 1,875
At 31 August 2023 1,875
NET BOOK VALUE
At 31 August 2023 16,125

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 3,200
Other debtors 45,141
48,341

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors (1 )
Taxation and social security 12,435
Other creditors 1,000
13,434

Fly Commerce Ltd (Registered number: 14327898)

Notes to the Financial Statements - continued
for the Period 31 August 2022 to 31 August 2023

8. RELATED PARTY DISCLOSURES

During the year, the company provided a loan amounting to £27,245 to a minority shareholder. The loan is to be repaid by 30 November 2024 and the rate of interest is 0%. At the balance sheet date, the loan is still outstanding and is presented within other debtors.