ACCOUNTS - Final Accounts

Company registration number: 02679209

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 SEPTEMBER 2025

	FLYING BY FOY LIMITED


FLYING BY FOY LIMITED

COMPANY INFORMATION

Directors	J D McGeough
	T Foy


Registered number	02679209


Registered office	2nd Floor, Origin One
	108 High Street
	Crawley
	RH10 1BD


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Origin One
	108 High Street
	Crawley
	RH10 1BD


FLYING BY FOY LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 7


FLYING BY FOY LIMITED REGISTERED NUMBER:02679209

STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		892,990		842,140
Investments	5		100		100
			893,090		842,240
Current assets
Stocks		36,793		30,619
Debtors: amounts falling due within one year	6	643,187		373,914
Cash at bank and in hand		1,176,851		745,752
		1,856,831		1,150,285
Creditors: amounts falling due within one year	7	(1,381,197)		(990,878)
Net current assets			475,634		159,407
Total assets less current liabilities			1,368,724		1,001,647
Provisions for liabilities
Deferred tax		(101,117)		(101,509)
			(101,117)		(101,509)
Net assets			1,267,607		900,138

Page 1


FLYING BY FOY LIMITED REGISTERED NUMBER:02679209

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 SEPTEMBER 2025

		2025		2024
		£		£

Capital and reserves
Allotted, called up and fully paid share capital	100	100
Profit and loss account	1,267,507	900,038
	1,267,607	900,138

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

T Foy	J D McGeough
Director	Director

Date: 26 June 2026	Date:26 June 2026

The notes on pages 3 to 7 form part of these financial statements.

Page 2


FLYING BY FOY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	General information

Flying By Foy Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page. The address of the principal place of business is Unit 4, Borehamwood Enterprise Centre, Theobald Street, Borehamwood, Hertfordshire, WD6 4QR.

The significant accounting policies applied in the preparation of these financial statements are set out below. These
policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is derived from the sale of installation and maintenance of theatrical flight equipment, and is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.4

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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FLYING BY FOY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property	-	over 50 years
Equipment	-	20% on cost
Fixtures and fittings	-	25% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

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FLYING BY FOY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.8

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Employees

The average monthly number of employees, including directors, during the year was 11 (2024 - 11).

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FLYING BY FOY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

4.	Tangible fixed assets

	Freehold property	Equipment	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 October 2024	653,913	2,305,161	119,226	3,078,300
Additions	-	200,750	27,945	228,695
At 30 September 2025	653,913	2,505,911	147,171	3,306,995
Depreciation
At 1 October 2024	222,843	1,923,257	90,060	2,236,160
Charge for the year	9,078	147,762	21,005	177,845
At 30 September 2025	231,921	2,071,019	111,065	2,414,005
Net book value
At 30 September 2025	421,992	434,892	36,106	892,990
At 30 September 2024	431,070	381,904	29,166	842,140

The 2025 valuations were made by the directors, on an open market value for existing use basis.

If the Freehold property had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2025	2024
	£	£

	Historic cost	653,913	653,913
		653,913	653,913

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FLYING BY FOY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

5.	Fixed asset investments

		Unlisted investments
		£
	Cost
	At 1 October 2024	100
	At 30 September 2025	100

	Net book value
	At 30 September 2025	100
	At 30 September 2024	100

Debtors

					2025	2024
					£	£


Trade debtors	446,392	284,402
Prepayments and accrued income	196,795	89,512
	643,187	373,914

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	553,254	303,848
Corporation tax	94,650	-
Other taxation and social security	111,849	78,955
Other creditors	10,400	13,512
Accruals and deferred income	611,044	594,563
	1,381,197	990,878

8.	Transactions with the directors
	As at 30 September 2025 the company owed the directors £656 (2024 - owed to the directors £656), no interest has been charged on this loan.

Page 7