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REGISTERED NUMBER: 05569595 (England and Wales)



















CENTRAL HELICOPTERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






CENTRAL HELICOPTERS LIMITED (REGISTERED NUMBER: 05569595)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


CENTRAL HELICOPTERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mrs M A Briggs
Mr I Briggs
Mr D J Briggs





SECRETARY: Mr D J Briggs





REGISTERED OFFICE: 81 Burton Road
Derby
Derbyshire
DE1 1TJ





REGISTERED NUMBER: 05569595 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

CENTRAL HELICOPTERS LIMITED (REGISTERED NUMBER: 05569595)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,812,432 2,003,903

CURRENT ASSETS
Stocks 14,211 9,798
Debtors 5 49,986 112,721
Cash at bank and in hand 98,195 9,246
162,392 131,765
CREDITORS
Amounts falling due within one year 6 1,143,617 1,291,521
NET CURRENT LIABILITIES (981,225 ) (1,159,756 )
TOTAL ASSETS LESS CURRENT LIABILITIES 831,207 844,147

CREDITORS
Amounts falling due after more than one year 7 267,772 335,354
NET ASSETS 563,435 508,793

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 563,335 508,693
SHAREHOLDERS' FUNDS 563,435 508,793

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

CENTRAL HELICOPTERS LIMITED (REGISTERED NUMBER: 05569595)

BALANCE SHEET - continued
30 SEPTEMBER 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 19 February 2025 and were signed on its behalf by:





Mr I Briggs - Director


CENTRAL HELICOPTERS LIMITED (REGISTERED NUMBER: 05569595)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Central Helicopters 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property- 20 years straight line
Plant and machinery- 15% on reducing balance
Fixtures and fittings- 15% on reducing balance
Motor vehicles- 25% on reducing balance
Helicopters- based on hours flown per annum

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

CENTRAL HELICOPTERS LIMITED (REGISTERED NUMBER: 05569595)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 1,453,125 107,654 37,171
Additions - 316 2,738
At 30 September 2024 1,453,125 107,970 39,909
DEPRECIATION
At 1 October 2023 394,288 81,109 25,307
Charge for year 72,658 3,987 2,122
At 30 September 2024 466,946 85,096 27,429
NET BOOK VALUE
At 30 September 2024 986,179 22,874 12,480
At 30 September 2023 1,058,837 26,545 11,864

Motor
vehicles Helicopters Totals
£    £    £   
COST
At 1 October 2023 23,268 1,433,348 3,054,566
Additions - 18,730 21,784
At 30 September 2024 23,268 1,452,078 3,076,350
DEPRECIATION
At 1 October 2023 22,931 527,028 1,050,663
Charge for year 84 134,404 213,255
At 30 September 2024 23,015 661,432 1,263,918
NET BOOK VALUE
At 30 September 2024 253 790,646 1,812,432
At 30 September 2023 337 906,320 2,003,903

CENTRAL HELICOPTERS LIMITED (REGISTERED NUMBER: 05569595)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,021 57,187
Other debtors 1,750 1,750
VAT - 9,927
Prepayments and accrued income 16,215 43,857
49,986 112,721

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 67,943 68,464
Trade creditors 77,011 192,820
Corporation tax 26,853 1
Social security and other taxes 7,585 7,677
VAT 20,307 -
Other creditors 39,000 60,197
Directors' current accounts 838,987 882,935
Accruals and deferred income 65,931 79,427
1,143,617 1,291,521

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 267,772 335,354

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 335,715 403,818

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.