REGISTERED NUMBER: 03207181 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

H.F.I. Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

S J Clark

I E Clark

REGISTERED OFFICE:

Five Acres

Heath Road,

Gamlingay

Sandy

Bedfordshire

SG19 3LH

REGISTERED NUMBER:

03207181 (England and Wales)

ACCOUNTANTS:

GREGORY WILDMAN

The Granary

Crowhill Farm

Ravensden Road

Wilden

Bedfordshire

MK44 2QS

FIXED ASSETS

Tangible assets

4

123,346

42,113

CURRENT ASSETS

Stocks

1,248

1,738

Debtors

5

59,494

101,892

Cash at bank and in hand

219,192

137,289

279,934

240,919

CREDITORS

Amounts falling due within one year

6

48,317

50,188

NET CURRENT ASSETS

231,617

190,731

TOTAL ASSETS LESS CURRENT LIABILITIES

354,963

232,844

CREDITORS

Amounts falling due after more than one year

7

(69,794

)

-

PROVISIONS FOR LIABILITIES

(20,751

)

(10,844

)

NET ASSETS

264,418

222,000

CAPITAL AND RESERVES

Called up share capital

8

300

300

Retained earnings

264,118

221,700

SHAREHOLDERS' FUNDS

264,418

222,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

S J Clark - Director

I E Clark - Director

1.	STATUTORY INFORMATION

H.F.I. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from helicopter lifting solutions is recognised when work has been completed.

Tangible fixed assets

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible assets over their expected useful lives as follows:

Plant and machinery - 5 years straight line

Computer equipment - 5 years straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

53,521

26,025

1,216

80,762

Additions

12,245

96,530

1,824

110,599

Disposals

-

(26,025

)

-

(26,025

)

At 31 March 2025

65,766

96,530

3,040

165,336

DEPRECIATION

At 1 April 2024

26,236

11,814

599

38,649

Charge for year

12,025

2,705

425

15,155

Eliminated on disposal

-

(11,814

)

-

(11,814

)

At 31 March 2025

38,261

2,705

1,024

41,990

NET BOOK VALUE

At 31 March 2025

27,505

93,825

2,016

123,346

At 31 March 2024

27,285

14,211

617

42,113

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

4,244

-

Due from associated company

22,414

25,721

Other debtors

20,905

12,710

Directors' current accounts

61

61

VAT

4,677

-

Accrued income

-

62,181

Prepayments

7,193

1,219

59,494

101,892

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

10,042

-

Trade creditors

1,021

26,140

Tax

-

6,253

VAT

-

12,547

Other creditors

32,790

2,713

Accrued expenses

4,464

2,535

48,317

50,188

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

69,794

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

300

Ordinary

1

300

300

9.	RELATED PARTY DISCLOSURES

The amount outstanding from Mr S Clark is £30 (2024 - £30)

The amount outstanding from Mr I Clark is £30 (2024 - £30)

The amount outstanding due from Airbourne Solutions Ltd, an associated company is £22,414 (2024 - £25,721).

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of H.F.I. Limited for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of H.F.I. Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of H.F.I. Limited and state those matters that we have agreed to state to the Board of Directors of H.F.I. Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than H.F.I. Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that H.F.I. Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of H.F.I. Limited. You consider that H.F.I. Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of H.F.I. Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

GREGORY WILDMAN

The Granary

Crowhill Farm

Ravensden Road

Wilden

Bedfordshire

MK44 2QS

26 November 2025