FLYING TEST SYSTEMS LIMITED

Company Registration Number:
05163086 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

FLYING TEST SYSTEMS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

FLYING TEST SYSTEMS LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 304,351 63,599
Investments:   0 0
Total fixed assets: 304,351 63,599
Current assets
Stocks: 26,710 18,486
Debtors:   133,441 131,705
Cash at bank and in hand: 708,997 690,710
Investments:   0 0
Total current assets: 869,148 840,901
Creditors: amounts falling due within one year:   (378,990) (419,446)
Net current assets (liabilities): 490,158 421,455
Total assets less current liabilities: 794,509 485,054
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 794,509 485,054
Capital and reserves
Called up share capital: 100 100
Share premium account: 43,641 43,641
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 750,768 441,313
Shareholders funds: 794,509 485,054

The notes form part of these financial statements

FLYING TEST SYSTEMS LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 September 2025
and signed on behalf of the board by:

Name: Cheryl Rogers
Status: Director

The notes form part of these financial statements

FLYING TEST SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the net invoiced value of goods and services, excluding VAT and Trade Discounts. Revenue from services is recognised when the service has been delivered/completed and the amount of revenue can be measured reliably, the costs incurred or to be incurred can be measured reliably and the economic benefits associated with the transaction flow to the Company. In respect of ongoing or annual support contracts that span more than 1 accounting period, the revenue for these is recognised on a straight-line basis over the relevant period.

Tangible fixed assets and depreciation policy

Qualifying Capital Purchases arc initially measured at cost and subsequently measured at cost (or valuation) net of depreciation. Depreciation is provided on a straight-line basis using the following depreciation periods : Plant & Machinery - 5 years Fixtures & Fittings - 3 years Computer Equipment - 3 years Leasehold Improvements - 5 years or the balance of the life of the lease, whichever is the shorter. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to profit or loss as appropriate.

Valuation and information policy

Inventories are stated at the lower of cost or net realisable value, after making allowance for obsolete and slow moving items.

Other accounting policies

The Company operates a Work Place Pension Scheme and any payments or contributions to the scheme are charged as an expense when they fall due.

FLYING TEST SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 7 7

FLYING TEST SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 427,192
Additions 292,279
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2024 719,471
Depreciation
At 01 January 2024 363,593
Charge for year 51,527
On disposals 0
Other adjustments 0
At 31 December 2024 415,120
Net book value
At 31 December 2024 304,351
At 31 December 2023 63,599