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REGISTERED NUMBER: 13424099 (England and Wales)















ABOVE AND BEYOND SCHOOL OF FLYING LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024






ABOVE AND BEYOND SCHOOL OF FLYING LTD (REGISTERED NUMBER: 13424099)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABOVE AND BEYOND SCHOOL OF FLYING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTOR: T D Hallett





REGISTERED OFFICE: Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG





REGISTERED NUMBER: 13424099 (England and Wales)





ACCOUNTANTS: Atkinson Finch & Co
Chartered Accountants
Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG

ABOVE AND BEYOND SCHOOL OF FLYING LTD (REGISTERED NUMBER: 13424099)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,827 92,815

CURRENT ASSETS
Debtors 5 8,659 2,294
Cash at bank 28,684 19,325
37,343 21,619
CREDITORS
Amounts falling due within one year 6 106,887 122,661
NET CURRENT LIABILITIES (69,544 ) (101,042 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,283

(8,227

)

PROVISIONS FOR LIABILITIES 675 -
NET ASSETS/(LIABILITIES) 18,608 (8,227 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 18,607 (8,228 )
SHAREHOLDERS' FUNDS 18,608 (8,227 )

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

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

ABOVE AND BEYOND SCHOOL OF FLYING LTD (REGISTERED NUMBER: 13424099)

BALANCE SHEET - continued
31ST MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th February 2025 and were signed by:





T D Hallett - Director


ABOVE AND BEYOND SCHOOL OF FLYING LTD (REGISTERED NUMBER: 13424099)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Above And Beyond School Of Flying 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.

Significant judgements and estimates
There are no significant judgements that have a material effect on the accounts nor any accounting estimates that have a high risk of causing a material adjustment in a future accounting period.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Aircraft - Straight line over 20 years
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2023 - 1 ) .

ABOVE AND BEYOND SCHOOL OF FLYING LTD (REGISTERED NUMBER: 13424099)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Aircraft fittings equipment Totals
£    £    £    £   
COST
At 1st June 2023 100,000 904 - 100,904
Additions - - 1,399 1,399
At 31st May 2024 100,000 904 1,399 102,303
DEPRECIATION
At 1st June 2023 7,904 185 - 8,089
Charge for year 5,000 108 279 5,387
At 31st May 2024 12,904 293 279 13,476
NET BOOK VALUE
At 31st May 2024 87,096 611 1,120 88,827
At 31st May 2023 92,096 719 - 92,815

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,907 -
Deferred tax asset - 1,851
Prepayments and accrued income 752 443
8,659 2,294

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 856
Corporation tax payable 3,769 -
Social security and other taxes 1,836 762
Directors' current accounts 97,748 119,643
Accrued expenses 3,534 1,400
106,887 122,661