FLIGHTDATAPEOPLE.COM LTD

Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2025

1	General information

FLIGHTDATAPEOPLE.COM LTD (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.

2	Accounting policies

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.

Critical judgements and key sources of estimation uncertainties

There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

FLIGHTDATAPEOPLE.COM LTD

Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2025 (continued)

2	Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Property, plant and equipment

Property, plant and equipment are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of property, plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.

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% on cost
Fixtures and fittings	20% on cost
Computer equipment	33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Receivables

Receivables are amounts due from customers services performed in the ordinary course of business.

Receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade receivables is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

FLIGHTDATAPEOPLE.COM LTD

Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2025 (continued)

2	Accounting policies (continued)

Payables

Payables are obligations to pay for services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

FLIGHTDATAPEOPLE.COM LTD

Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2025 (continued)

4	Property, plant and equipment

	Furniture, fittings and equipment  £	Other property, plant and equipment £	Total £
Cost or valuation
At 1 August 2024	52,487	379	52,866
Additions	1,779	-	1,779
At 31 July 2025	54,266	379	54,645
Depreciation
At 1 August 2024	46,791	369	47,160
Charge for the year	5,203	10	5,213
At 31 July 2025	51,994	379	52,373
Carrying amount
At 31 July 2025	2,272	-	2,272
At 31 July 2024	5,696	10	5,706

5	Receivables

	2025 £	2024 £
Trade receivables	146,557	119,771
Other receivables	24,452	52,781
Prepayments	-	12,692
	171,009	185,244

FLIGHTDATAPEOPLE.COM LTD

Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2025 (continued)

6

Payables

Payables: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade payables		16,168	105
Social security and other taxes		2,371	2,189
Other payables		63,112	2,407
Accruals		146,536	122,933
Income tax liability		84,373	69,075
		312,560	196,709

7	Provisions for liabilities

	Deferred tax £	Total £
At 1 August 2024	1,427	1,427
Additional provisions	(859)	(859)
At 31 July 2025	568	568

8	Related party transactions

During the year the company invoiced £42,934 worth of sales to and was invoiced £109,132 worth of purchases from Fdpsoftware.com Limited, its associated company. At the end of the year £60,246 (2024 - £32,639 in Debtors) was owed by the company to Fdpsoftware.com Limited.

FLIGHTDATAPEOPLE.COM LTD

Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2025 (continued)

8	Related party transactions (continued)

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	18,200	18,200
Contributions paid to money purchase schemes	17,136	17,136
	35,336	35,336

9	Share capital and reserves

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
A Ordinary shares of £1 each	82	82	82	82
B Ordinary shares of £1 each	50	50	50	50
C Ordinary shares of £1 each	10	10	10	10
	142	142	142	142

The company has three classes of share capital which rank pari passu.

Reserves

The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.

The share premium reserve represents premium paid for new shares above their nominal value net of issue costs and bonus share issues. This reserve forms part of the company's non-distributable reserves.