REGISTERED NUMBER: 15419684 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

Lightfold Aerospace Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Director:

B D Issitt

Registered office:

129 North Hill

Plymouth

Devon

PL4 8JY

Business address:

New Barn

Hounster Hill

Millbrook

Torpoint

Cornwall

PL10 1AJ

Registered number:

15419684 (England and Wales)

Accountants:

Websters

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Tangible assets

4

39,033

51,464

Current assets

Stocks

4,505

3,596

Debtors

5

4,183

7,064

Cash at bank

38,509

53,213

47,197

63,873

Creditors

Amounts falling due within one year

6

51,213

79,221

Net current liabilities

(4,016

)

(15,348

)

Total assets less current liabilities

35,017

36,116

Capital and reserves

Called up share capital

7

100

100

Retained earnings

34,917

36,016

Shareholders' funds

35,017

36,116

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 September 2026 and were signed by:

B D Issitt - Director

1.	STATUTORY INFORMATION

Lightfold Aerospace Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by the reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Over the period of the lease

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

Cost

At 1 February 2025

-

1,173

2,298

Additions

32,183

366

1,062

Disposals

-

-

-

At 31 January 2026

32,183

1,539

3,360

Depreciation

At 1 February 2025

-

86

340

Charge for year

-

299

678

Eliminated on disposal

-

-

-

At 31 January 2026

-

385

1,018

Net book value

At 31 January 2026

32,183

1,154

2,342

At 31 January 2025

-

1,087

1,958

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 February 2025

54,154

1,221

58,846

Additions

-

3,344

36,955

Disposals

(54,154

)

-

(54,154

)

At 31 January 2026

-

4,565

41,647

Depreciation

At 1 February 2025

6,524

432

7,382

Charge for year

-

779

1,756

Eliminated on disposal

(6,524

)

-

(6,524

)

At 31 January 2026

-

1,211

2,614

Net book value

At 31 January 2026

-

3,354

39,033

At 31 January 2025

47,630

789

51,464

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

3,713

5,805

Other debtors

470

1,259

4,183

7,064

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

4,404

16,358

Other creditors

46,809

62,863

51,213

79,221

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £45,508 to its director Mr B Issitt.

The amount was interest free, unsecured and carried no fixed term of repayment.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is B D Issitt.