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REGISTERED NUMBER: 10507142 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

British Aviation Academy Ltd

British Aviation Academy Ltd (Registered number: 10507142)






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


British Aviation Academy Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A R Willis





REGISTERED OFFICE: The Hangar
Fowlmere Airfield
Royston
Hertfordshire
SG8 7SH





REGISTERED NUMBER: 10507142 (England and Wales)





ACCOUNTANTS: Tryphonas Stavrou
35 Uplands Way
London
N21 1DH

British Aviation Academy Ltd (Registered number: 10507142)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Stocks 37,000 37,000
Debtors 4 179,605 110,737
Cash at bank 6,652 5,253
223,257 152,990
CREDITORS
Amounts falling due within one year 5 74,517 40,640
NET CURRENT ASSETS 148,740 112,350
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,740

112,350

CREDITORS
Amounts falling due after more than one
year

6

(143,645

)

(93,082

)

ACCRUALS AND DEFERRED INCOME (1,400 ) (1,400 )
NET ASSETS 3,695 17,868

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,695 16,868
3,695 17,868

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 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.

British Aviation Academy Ltd (Registered number: 10507142)

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 23 December 2024 and were signed by:





A R Willis - Director


British Aviation Academy Ltd (Registered number: 10507142)

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

1. STATUTORY INFORMATION

British Aviation Academy 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 2 (2022 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 112,890 50,960
Other debtors 66,715 59,777
179,605 110,737

British Aviation Academy Ltd (Registered number: 10507142)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 3,985 3,985
Trade creditors 64,419 11,649
Taxation and social security 6,113 15,019
Other creditors - 9,987
74,517 40,640

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 7,246 11,926
Other creditors 136,399 81,156
143,645 93,082