Registration number: 11489531
Registration number: 11489531 Blue Socks Aviation Limited UnauditedFor The Year Ended 31 July 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Blue Socks Aviation Limited
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Company information DirectorMr A Trow Registered officeUnit 7 Britannia Business Centre AccountantsBallards LLP Chartered Accountants Oakmoore Court 11C Kingswood Road Hampton Lovett Droitwich Worcestershire WR9 0QH 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Blue Socks Aviation Limited Registered number: 11489531 Balance sheet as at 31 July 2025
For the year ending 31 July 2025, the Company was entitled to exemption from audit under section 477 of the Companies Act 2006. 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The financial statements were approved and authorised by the Director:
Date: 23 April 2026 The notes 7 on to 10 form part of these financial statements. 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Blue Socks Aviation Limited 1. General information Blue Socks Aviation Limited is a private company limited by share capital, incorporated in England & Wales. The address of its registered office is WR14 1GZ Great Britain 2. Accounting policies The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been applied consistently to all periods presented, unless otherwise stated. a. 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). b. Basis of preparation The financial statements have been prepared under the historic cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (FRS 102) and the Companies Act 2006. The Company's functional and presentational currency is the Pound Sterling. 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Blue Socks Aviation Limited 2. Accounting policies continued c. Revenue Recognition Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover 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. d. Tangible fixed assets Tangible assets are stated in the balance sheet 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. e. 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:
f. 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. g. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Blue Socks Aviation Limited 2. Accounting policies continued g. Trade debtors continued Trade debtors 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 debtors 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. h. Trade creditors Trade creditors are obligations to pay for goods or 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. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. i. 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. 3. Employees The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1 ). 4. Tangible fixed assets
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Blue Socks Aviation Limited 4. Tangible fixed assets continued
5. Debtors
6. Creditors
7. Share capital
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