Company registration number: 09608209
Unaudited financial statements
for the year ended 31 May 2024
for
High Flight Training Solutions Limited
Pages for filing with the Registrar
Company registration number: 09608209
High Flight Training Solutions Limited
Balance sheet
as at 31 May 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 167,551 162,251
167,551 162,251
Current assets
Debtors 6,064 4,019
Cash at bank and in hand 76,668 10,895
82,732 14,914
Creditors: amounts falling due within one
year
(89,090) (88,878)
Net current liabilities (6,358) (73,964)
Total assets less current liabilities 161,193 88,287
Provisions for liabilities (22,680) (15,358)
NET ASSETS 138,513 72,929
Capital and reserves
Called up share capital 1 1
Profit and loss account 138,512 72,928
TOTAL EQUITY 138,513 72,929
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 May 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 09608209
High Flight Training Solutions Limited
Balance sheet - continued
as at 31 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr C Kingswood, Director
27 February 2025
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High Flight Training Solutions Limited
Notes to the financial statements
for the year ended 31 May 2024
1 Company information
High Flight Training Solutions Limited is a private company registered in England and Wales. Its registered number is 09608209. The company is limited by shares. Its registered office is Sterling House, 7 Ashford Road, Maidstone, Kent, ME14 5BJ.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 10% straight line
Fixtures & fittings - 15% reducing balance
Computer equipment - 33% straight line
Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

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High Flight Training Solutions Limited
Notes to the financial statements - continued
for the year ended 31 May 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was 1 (2023 - 1).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 June 2023 214,425
Additions 94,400
Disposals (50,000)
At 31 May 2024 258,825
Depreciation
At 1 June 2023 52,174
Charge for year 39,100
At 31 May 2024 91,274
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High Flight Training Solutions Limited
Notes to the financial statements - continued
for the year ended 31 May 2024
4 Tangible fixed assets - continued
Net book value
At 31 May 2024 167,551
At 31 May 2023 162,251
5 Provisions for liabilities
Deferred tax totaling £22,680 (2023: £15,358) has arisen on accelerated capital allowances at the substantively enacted rate of 19%.
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