Skyblue Aero Simulation Limited 15334726 false 2023-12-08 2025-03-31 2025-03-31 The principal activity of the company is provision of aircraft simulation services. Digita Accounts Production Advanced 6.30.9574.0 true true 15334726 2023-12-08 2025-03-31 15334726 2025-03-31 15334726 core:CurrentFinancialInstruments 2025-03-31 15334726 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 15334726 core:PlantMachinery 2025-03-31 15334726 1 2025-03-31 15334726 bus:SmallEntities 2023-12-08 2025-03-31 15334726 bus:AuditExemptWithAccountantsReport 2023-12-08 2025-03-31 15334726 bus:FilletedAccounts 2023-12-08 2025-03-31 15334726 bus:SmallCompaniesRegimeForAccounts 2023-12-08 2025-03-31 15334726 bus:RegisteredOffice 2023-12-08 2025-03-31 15334726 bus:Director1 2023-12-08 2025-03-31 15334726 bus:PrivateLimitedCompanyLtd 2023-12-08 2025-03-31 15334726 core:PlantMachinery 2023-12-08 2025-03-31 15334726 countries:England 2023-12-08 2025-03-31 15334726 1 2023-12-08 2025-03-31 15334726 1 2023-12-07 iso4217:GBP xbrli:pure

Registration number: 15334726

Skyblue Aero Simulation Limited
Unaudited Filleted Financial Statements
for the Period from 8 December 2023 to 31 March 2025

Skyblue Aero Simulation Limited

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 5

Skyblue Aero Simulation Limited

(Registration number: 15334726)
Statement of Financial Position as at 31 March 2025

| Note | 2025 £
Fixed assets |  |
Tangible assets | 4 | 150,599
Current assets |  |
Debtors | 5 | 27,948
Cash at bank and in hand |  | 3,579
|  | 31,527
Creditors: Amounts falling due within one year | 6 | (184,458)
Net current liabilities |  | (152,931)
Net liabilities |  | (2,332)
Capital and reserves |  |
Called up share capital |  | 100
Profit and loss account |  | (2,432)
Shareholders' deficit |  | (2,332)

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their 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 and 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 directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 3 September 2025 and signed on its behalf by:

Mr A Foan Director

Skyblue Aero Simulation Limited

Notes to the Unaudited Financial Statements for the Period from 8 December 2023 to 31 March 2025

1 | General information

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

The address of its registered office is:
Suite 5, Airport House
Exeter Airport
Devon
EX5 2BD

Principal activity

The principal activity of the company is provision of aircraft simulation services.

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

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

Skyblue Aero Simulation Limited

Notes to the Unaudited Financial Statements for the Period from 8 December 2023 to 31 March 2025 (continued)

2 | Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Tangible assets

Tangible assets are stated in the statement of financial position 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:

Asset class | Depreciation method and rate
Plant and machinery | 10% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

Skyblue Aero Simulation Limited

Notes to the Unaudited Financial Statements for the Period from 8 December 2023 to 31 March 2025 (continued)

4 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
Additions | 150,599 | 150,599
At 31 March 2025 | 150,599 | 150,599
Depreciation
Carrying amount
At 31 March 2025 | 150,599 | 150,599

5 | Debtors

| 2025 £
Other debtors | 27,948
| 27,948

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £
Due within one year |
Accruals and deferred income | 1,500
Other creditors | 182,958
| 184,458

7 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

Skyblue Aero Simulation Limited

Notes to the Unaudited Financial Statements for the Period from 8 December 2023 to 31 March 2025 (continued)

8 | Related party transactions

Transactions with directors

2025 | At 8 December 2023 £ | Advances to director £ | Repayments by director £ | At 31 March 2025 £
| - | 100 | (100) | -