Company No: 01089050 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

J M Pratt

REGISTERED OFFICE	Unit 1a Ringway Trading Estate
	Shadow Moss Road
	Manchester
	M22 5LH
	United Kingdom

COMPANY NUMBER

01089050 (England and Wales)

ACCOUNTANT	S&W Partners (Manchester) Limited
	Pall Mall
	1 Pollen Square
	59 King Street
	Manchester
	M2 4PD

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	26,769		26,821
Investments	4	109,891		109,891
		136,660		136,712
Current assets
Stocks		160,085		165,009
Debtors	5	247,523		269,972
Cash at bank and in hand		89,187		142,160
		496,795		577,141
Creditors: amounts falling due within one year	6	( 567,014)		( 606,037)
Net current liabilities		(70,219)		(28,896)
Total assets less current liabilities		66,441		107,816
Creditors: amounts falling due after more than one year	7	( 21,167)		( 12,732)
Provision for liabilities		( 2,511)		( 2,511)
Net assets		42,763		92,573
Capital and reserves
Called-up share capital	8	5,110		5,110
Capital redemption reserve		110		110
Profit and loss account		37,543		87,353
Total shareholders' funds		42,763		92,573

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Airplan Flight Equipment Limited (registered number: 01089050) were approved and authorised for issue by the Director on 23 October 2026. They were signed on its behalf by:

J M Pratt Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Airplan Flight Equipment Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 1a Ringway Trading Estate, Shadow Moss Road, Manchester, M22 5LH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Airplan Flight Equipment Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue arising from the provision of services is recognised by reference to the stage of completion as follows:
[include details of the specific recognition and measurement policies for each significant type of service provided]
When the stage of completion cannot be measured reliably revenue is recognised up to the extent of recoverable expenses and accordingly no profit is recognised.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Preparation of consolidated financial statements

The financial statements contain information about Airplan Flight Equipment Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable in the circumstances.

The company makes estimates and assumptions concerning the future. The resulting estimates will, by definition, seldom equal the related actual results. The estimates that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year are addressed below:
a) stock provision
The company is a publisher, and sales are subject to changing consumer demands. When calculating the need for a stock provision, management consider the nature and condition of the stock holding, as well as applying assumptions around anticipated saleability,
b) impairment of debtors
The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment management considers factors including the current credit rating of the debtor, the aging profile and current and historical experience.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	5 years straight line
Vehicles	25 % reducing balance
Fixtures and fittings	10 % reducing balance
Computer equipment	3.03 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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 profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	5		5

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 November 2024	379,963		19,262		78,869		52,444		530,538
Additions	17,570		0		371		1,399		19,340
At 31 October 2025	397,533		19,262		79,240		53,843		549,878
Accumulated depreciation
At 01 November 2024	363,767		19,261		70,272		50,417		503,717
Charge for the financial year	18,216		1		( 337)		1,512		19,392
At 31 October 2025	381,983		19,262		69,935		51,929		523,109
Net book value
At 31 October 2025	15,550		0		9,305		1,914		26,769
At 31 October 2024	16,196		1		8,597		2,027		26,821

4. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 November 2024	154,065
At 31 October 2025	154,065
Provisions for impairment
At 01 November 2024	44,174
At 31 October 2025	44,174
Carrying value at 31 October 2025	109,891
Carrying value at 31 October 2024	109,891

5. Debtors

	2025		2024
	£		£
Trade debtors	50,851		82,230
Amounts owed by Group undertakings	190,210		178,430
Other debtors	6,462		9,312
	247,523		269,972

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank overdrafts (secured)	72,534		71,860
Trade creditors	25,785		61,289
Amounts owed to Group undertakings	395,534		401,646
Other taxation and social security	903		2,340
Other creditors	72,258		68,902
	567,014		606,037

The overdraft with National Westminster Bank plc is secured by way of fixed and floating charge over the assets of the company.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	21,167		12,732

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
5,000 Ordinary shares of £ 1.00 each	5,000		5,000
110 Ordinary B shares of £ 1.00 each	110		110
	5,110		5,110