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Company Registration No. 9037698 (England and Wales)
Flying Squirrals Company Limited Unaudited accounts for the year ended 31 October 2024
Flying Squirrals Company Limited Unaudited accounts Contents
Page
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Flying Squirrals Company Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
396,484 
406,094 
Current assets
Debtors
750 
- 
Cash at bank and in hand
1,823 
199 
2,573 
199 
Creditors: amounts falling due within one year
(334,141)
(314,447)
Net current liabilities
(331,568)
(314,248)
Total assets less current liabilities
64,916 
91,846 
Creditors: amounts falling due after more than one year
(168,653)
(173,392)
Net liabilities
(103,737)
(81,546)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(103,837)
(81,646)
Shareholders' funds
(103,737)
(81,546)
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by
Suk Yee Candy Teng Director Company Registration No. 9037698
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Flying Squirrals Company Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Flying Squirrals Company Limited is a private company, limited by shares, registered in England and Wales, registration number 9037698. The registered office is 39 MAYHILL ROAD, LONDON, SE7 7JG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2%
Plant & machinery
33%
Fixtures & fittings
20%
Computer equipment
33%
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2023
438,847 
1,318 
5,578 
1,602 
447,345 
At 31 October 2024
438,847 
1,318 
5,578 
1,602 
447,345 
Depreciation
At 1 November 2023
35,017 
690 
3,942 
1,602 
41,251 
Charge for the year
8,929 
157 
524 
- 
9,610 
At 31 October 2024
43,946 
847 
4,466 
1,602 
50,861 
Net book value
At 31 October 2024
394,901 
471 
1,112 
- 
396,484 
At 31 October 2023
403,830 
628 
1,636 
- 
406,094 
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Flying Squirrals Company Limited Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
750 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,402 
10,402 
Other creditors
432 
738 
Loans from directors
323,307 
303,307 
334,141 
314,447 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
168,653 
173,392 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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