LIGHT PLANES (LANCASHIRE) LIMITED

Company Registration Number:
00207056 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

LIGHT PLANES (LANCASHIRE) LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

LIGHT PLANES (LANCASHIRE) LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 1,066 3,502
Total fixed assets: 1,066 3,502
Current assets
Debtors:   702 945
Cash at bank and in hand: 226 2,954
Total current assets: 928 3,899
Creditors: amounts falling due within one year:   (6,458) (11,865)
Net current assets (liabilities): (5,530) (7,966)
Total assets less current liabilities: (4,464) (4,464)
Creditors: amounts falling due after more than one year:   0 0
Total net assets (liabilities): (4,464) (4,464)
Capital and reserves
Called up share capital: 80 80
Profit and loss account: (4,544) (4,544)
Shareholders funds: (4,464) (4,464)

The notes form part of these financial statements

LIGHT PLANES (LANCASHIRE) LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 October 2024
and signed on behalf of the board by:

Name: Mr Peter Ashford
Status: Director

The notes form part of these financial statements

LIGHT PLANES (LANCASHIRE) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

LIGHT PLANES (LANCASHIRE) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

LIGHT PLANES (LANCASHIRE) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Intangible Assets

Total
Cost £
At 01 June 2023 16,967
Additions 0
At 31 May 2024 16,967
Amortisation
At 01 June 2023 13,465
Charge for year 2,436
At 31 May 2024 15,901
Net book value
At 31 May 2024 1,066
At 31 May 2023 3,502

LIGHT PLANES (LANCASHIRE) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Related party transactions

Name of the related party: Lancashire Aero Club
Relationship:
Membership Club
Description of the Transaction: Membership subscriptions charged to members of Lancashire Aero Club were received by the company & costs incurred by Lancashire Aero Club were paid by the company on their behalf. Costs directly attributable to the running of the company are re-charged to Lancashire Aero Club. The balance due to Lancashire Aero Club at the financial year-end was £3,029 (2023: £5,287). No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.
£
Balance at 01 June 2023 5,287
Balance at 31 May 2024 3,029