Flight-Assist (UK) Limited 07312456 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is service activities incidental to air transportation Digita Accounts Production Advanced 6.30.9574.0 true true 07312456 2023-08-01 2024-07-31 07312456 2024-07-31 07312456 core:CurrentFinancialInstruments 2024-07-31 07312456 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 07312456 core:FurnitureFittingsToolsEquipment 2024-07-31 07312456 bus:SmallEntities 2023-08-01 2024-07-31 07312456 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 07312456 bus:FilletedAccounts 2023-08-01 2024-07-31 07312456 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07312456 bus:RegisteredOffice 2023-08-01 2024-07-31 07312456 bus:CompanySecretary1 2023-08-01 2024-07-31 07312456 bus:Director1 2023-08-01 2024-07-31 07312456 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07312456 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 07312456 countries:EnglandWales 2023-08-01 2024-07-31 07312456 2023-07-31 07312456 core:FurnitureFittingsToolsEquipment 2023-07-31 07312456 2022-08-01 2023-07-31 07312456 2023-07-31 07312456 core:CurrentFinancialInstruments 2023-07-31 07312456 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 07312456 core:FurnitureFittingsToolsEquipment 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 07312456

Flight-Assist (UK) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Flight-Assist (UK) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Flight-Assist (UK) Limited

Company Information

Director

Mr M Woodhall

Company secretary

Mrs E Woodhall

Registered office

The Laurels
Chalvington Road
Chalvington
East Sussex
BN27 3TB

Accountants

Chisnall Comer Ismail and Co
Chartered Accountants
Maria House
35 Millers Road
Brighton
BN1 5NP

 

Flight-Assist (UK) Limited

(Registration number: 07312456)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,561

4,912

Current assets

 

Debtors

5

213,145

318,799

Cash at bank and in hand

 

317,428

194,206

 

530,573

513,005

Creditors: Amounts falling due within one year

6

(229,815)

(272,926)

Net current assets

 

300,758

240,079

Total assets less current liabilities

 

304,319

244,991

Provisions for liabilities

-

(1,228)

Net assets

 

304,319

243,763

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

304,219

243,663

Shareholders' funds

 

304,319

243,763

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Flight-Assist (UK) Limited

(Registration number: 07312456)
Balance Sheet as at 31 July 2024

Approved and authorised by the director on 8 April 2025



 

.........................................

Mr M Woodhall

Director

 

Flight-Assist (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Laurels
Chalvington Road
Chalvington
East Sussex
BN27 3TB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Flight-Assist (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

 

Flight-Assist (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2023

20,928

20,928

At 31 July 2024

20,928

20,928

Depreciation

At 1 August 2023

16,016

16,016

Charge for the year

1,351

1,351

At 31 July 2024

17,367

17,367

Carrying amount

At 31 July 2024

3,561

3,561

At 31 July 2023

4,912

4,912

5

Debtors

Current

2024
£

2023
£

Trade debtors

213,145

318,799

 

213,145

318,799

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

50,540

123,812

Taxation and social security

80,820

66,907

Accruals and deferred income

3,450

3,125

Other creditors

95,005

79,082

229,815

272,926

 

Flight-Assist (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Dividends

2024

2023

£

£

Interim dividend of £150.00 (2023 - £150.00) per ordinary share

150,000

150,000

 

 

8

Related party transactions

 

Flight-Assist (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

30,000

30,000

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Share Capital of £1 each

100

100

100

100