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Company Registration No. 10780699 (England and Wales)
Take To The Air Ltd Unaudited accounts for the year ended 31 May 2025
Take To The Air Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Take To The Air Ltd Company Information for the year ended 31 May 2025
Director
Mr Gerard Neil Parker
Company Number
10780699 (England and Wales)
Registered Office
4 The Buntings Bedford MK41 7LA England
- 3 -
Take To The Air Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
6,968
6,292
Current assets
Debtors
5
80
1,242
Cash at bank and in hand
3,209
131
3,289
1,373
Creditors: amounts falling due within one year
6
(7,667)
(11,583)
Net current liabilities
(4,378)
(10,210)
Net assets/(liabilities)
2,590
(3,918)
Capital and reserves
Called up share capital
100
100
Profit and loss account
2,490
(4,018)
Shareholders' funds
2,590
(3,918)
For the year ending 31 May 2025 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 director acknowledges his 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 and authorised for issue on 22 January 2026 and were signed on its behalf by
Mr Gerard Neil Parker Director Company Registration No. 10780699
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Take To The Air Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Take To The Air Ltd is a private company, limited by shares, registered in England and Wales, registration number 10780699. The registered office is 4 The Buntings, Bedford, MK41 7LA, England.
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
These financial statements for the year ended 31 May 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line Method
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Take To The Air Ltd Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
6,836
12,750
635
20,221
Additions
2,554
-
-
2,554
At 31 May 2025
9,390
12,750
635
22,775
Depreciation
At 1 June 2024
544
12,750
635
13,929
Charge for the year
1,878
-
-
1,878
At 31 May 2025
2,422
12,750
635
15,807
Net book value
At 31 May 2025
6,968
-
-
6,968
At 31 May 2024
6,292
-
-
6,292
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
80
1,242
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
1,368
431
Loans from directors
6,299
11,152
7,667
11,583
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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