Registered number
12204620
AM Flying Ltd
Unaudited Filleted Accounts
30 September 2024
AM Flying Ltd
Registered number: 12204620
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 11,222 4,436
Cash at bank and in hand 51,749 52,805
62,971 57,241
Creditors: amounts falling due within one year 4 (56,789) (44,524)
Net current assets 6,182 12,717
Net assets 6,182 12,717
Capital and reserves
Called up share capital 100 100
Profit and loss account 6,082 12,617
Shareholder's funds 6,182 12,717
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
AM Goodwill
Director
Approved by the board on 5 June 2025
AM Flying Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities, other than loans from the director, are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current tax liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 11,122 4,336
Other debtors 100 100
11,222 4,436
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 721 -
Taxation and social security costs 4,126 7,641
Other creditors 51,942 36,883
56,789 44,524
5 Other information
AM Flying Ltd is a private company limited by shares and incorporated in England. Its registered office is:
14 Jackson Close
Epsom
KT18 7RA
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