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REGISTERED NUMBER: 06427257 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

GO 2 AVIATION LIMITED

GO 2 AVIATION LIMITED (Registered number: 06427257)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GO 2 AVIATION LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C J Yendell
Mrs S J Yendell





REGISTERED OFFICE: Stanbridge Ranvilles Farm
Salisbury Road
Romsey
Hampshire
SO51 6GA





REGISTERED NUMBER: 06427257 (England and Wales)





ACCOUNTANTS: CBM Accountants Limited
130 Bournemouth Road
Chandler's Ford
Eastleigh
Hampshire
SO53 3AL

GO 2 AVIATION LIMITED (Registered number: 06427257)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,436 25,402

CURRENT ASSETS
Debtors 5 56,737 56,837
Cash at bank 1,121 284
57,858 57,121
CREDITORS
Amounts falling due within one year 6 68,806 68,389
NET CURRENT LIABILITIES (10,948 ) (11,268 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,488

14,134

CREDITORS
Amounts falling due after more than one
year

7

(1,716

)

(2,628

)

PROVISIONS FOR LIABILITIES (2,553 ) (3,200 )
NET (LIABILITIES)/ASSETS (1,781 ) 8,306

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,881 ) 8,206
SHAREHOLDERS' FUNDS (1,781 ) 8,306

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

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

GO 2 AVIATION LIMITED (Registered number: 06427257)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 17 December 2024 and were signed on its behalf by:





C J Yendell - Director


GO 2 AVIATION LIMITED (Registered number: 06427257)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

GO 2 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.

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 - 15% on cost
Computer equipment - 25% 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.

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 NIL (2023 - NIL).

GO 2 AVIATION LIMITED (Registered number: 06427257)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 98,245 2,018 100,263
DEPRECIATION
At 1 April 2023 72,843 2,018 74,861
Charge for year 11,966 - 11,966
At 31 March 2024 84,809 2,018 86,827
NET BOOK VALUE
At 31 March 2024 13,436 - 13,436
At 31 March 2023 25,402 - 25,402

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,277 24,277
Amounts owed by group undertakings 2,460 2,560
Other debtors 30,000 30,000
56,737 56,837

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,200 1,200
Trade creditors 58,180 58,181
Taxation and social security 7,852 7,563
Other creditors 1,574 1,445
68,806 68,389

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,716 2,628