Flymast Trading Co Limited

Contents

Statement of Income and Retained Earnings	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Flymast Trading Co Limited

Statement of Income and Retained Earnings

Year Ended 30 June 2025

		2025 £	2024 £
Turnover		3,245	62,804
Administrative expenses		(26,181)	(17,592)
Other operating income		4,825	7,292
Operating (loss)/profit		(18,111)	52,504
Other interest receivable and similar income		6,073	6,088
		6,073	6,088
(Loss)/profit before tax		(12,038)	58,592
Taxation		-	(10,492)
(Loss)/profit for the financial year		(12,038)	48,100
Retained earnings brought forward		391,717	364,617
Dividends paid		(21,000)	(21,000)
Retained earnings carried forward		358,679	391,717

Flymast Trading Co Limited

Balance Sheet

30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,251	2,981
Current assets
Stocks	5	44,550	44,550
Debtors	6	6,058	9,144
Cash at bank and in hand		317,840	356,740
		368,448	410,434
Creditors: Amounts falling due within one year	7	(11,920)	(21,598)
Net current assets		356,528	388,836
Net assets		358,779	391,817
Capital and reserves
Called up share capital	8	100	100
Profit and loss account		358,679	391,717
Shareholders' funds		358,779	391,817

Flymast Trading Co Limited

Balance Sheet

30 June 2025

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 9 September 2026 and signed on its behalf by:
 

B E Preston Director

Company Registration Number: 00968172

Flymast Trading Co Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ashton House
4 Justin Gardens
Bournemouth
Dorset
BH10 6LN

These financial statements were authorised for issue by the Board on 9 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible 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.

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:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance basis
Fixtures and fittings	20% reducing balance basis

Flymast Trading Co Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

 

Tax

The current corporation 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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

Flymast Trading Co Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 July 2024	3,680	16,750	20,430
At 30 June 2025	3,680	16,750	20,430
Depreciation
At 1 July 2024	3,369	14,080	17,449
Charge for the year	62	668	730
At 30 June 2025	3,431	14,748	18,179
Carrying amount
At 30 June 2025	249	2,002	2,251
At 30 June 2024	311	2,670	2,981

5

Stocks

	2025 £	2024 £
Work in progress	44,550	44,550

6

Debtors

	2025 £	2024 £
Prepayments	1,402	690
Other debtors	4,656	8,454
	6,058	9,144

Flymast Trading Co Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	48	10,492
Accruals and deferred income	4,336	3,353
Other creditors	7,536	7,753
	11,920	21,598

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
100 Ordinary shares of £1 each	100	100	100	100