REGISTERED NUMBER: 11367723 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st May 2026

for

Avtec Flight Training Europe Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

17,298

19,987

CURRENT ASSETS

Debtors

5

21,090

18,090

Cash at bank

2,274

7,160

23,364

25,250

CREDITORS

Amounts falling due within one year

6

10,137

17,126

NET CURRENT ASSETS

13,227

8,124

TOTAL ASSETS LESS CURRENT LIABILITIES

30,525

28,111

CREDITORS

Amounts falling due after more than one year

7

(246

)

(2,822

)

PROVISIONS FOR LIABILITIES

(3,287

)

(3,490

)

NET ASSETS

26,992

21,799

CAPITAL AND RESERVES

Called up share capital

8

101

101

Retained earnings

26,891

21,698

SHAREHOLDERS' FUNDS

26,992

21,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th July 2026 and were signed on its behalf by:

Captain G P Waudby - Director

1.	COMPANY INFORMATION

Avtec Flight Training Europe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11367723

Registered office:

The Lexicon

Mount Street

Manchester

M2 5NT

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Turnover

Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets

Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Computer Equipment - 25% on cost

Plant and Machinery - 20% on cost

Motor Vehicles - 10% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st June 2025

and 31st May 2026

7,000

23,526

7,848

38,374

DEPRECIATION

At 1st June 2025

7,700

5,052

5,635

18,387

Charge for year

(700

)

2,353

1,036

2,689

At 31st May 2026

7,000

7,405

6,671

21,076

NET BOOK VALUE

At 31st May 2026

-

16,121

1,177

17,298

At 31st May 2025

(700

)

18,474

2,213

19,987

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Trade debtors

21,090

18,090

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Bank loans and overdrafts

3,000

3,000

Corporation tax payable

2,635

6,108

VAT

3,966

1,920

Other creditors

(646

)

1,556

Directors' current accounts

7

3,185

Accrued expenses

1,175

1,357

10,137

17,126

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.26

31.5.25

£

£

Bank loans

246

2,822

The bounce back loan is government backed for the first year and interest is charged at 2.5% for the rest of the loan term, which is up to a maximum of 6 years.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.26

31.5.25

value:

£

£

100

Ordinary A

1

100

100

1

Ordinary B

1

1

1

101

101

Ordinary A Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

Ordinary B Shares do no confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The A and B shares rank pari passu in terms of dividend and capital distribution rights.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st May 2026 and 31st May 2025:

31.5.26

31.5.25

£

£

Captain G P Waudby and Mrs C D Waudby

Balance outstanding at start of year

(3,185

)

350

Amounts advanced

7,497

20,777

Amounts repaid

(4,312

)

(24,312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(3,185

)

The loan is repayable on demand and no interest was charged during the year.

10.

CONTROL

The controlling party is Captain G P Waudby.