REGISTERED NUMBER: 03342541 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Global Air Training Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms D Worby

D R Lloyd

SECRETARY:

D R Lloyd

REGISTERED OFFICE:

Curdlands Barn

Harthill Road

Burwardsley

Chester

Cheshire

CH3 9NU

REGISTERED NUMBER:

03342541 (England and Wales)

ACCOUNTANTS:

Guy Walmsley Limited

3 Grove Road

Wrexham

LL11 1DY

FIXED ASSETS

Tangible assets

4

17,481

22,066

CURRENT ASSETS

Debtors

5

21,194

37,566

Cash at bank and in hand

494,397

482,479

515,591

520,045

CREDITORS

Amounts falling due within one year

6

140,592

149,666

NET CURRENT ASSETS

374,999

370,379

TOTAL ASSETS LESS CURRENT LIABILITIES

392,480

392,445

CREDITORS

Amounts falling due after more than one year

7

11,667

21,667

NET ASSETS

380,813

370,778

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

380,713

370,678

380,813

370,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

Ms D Worby - Director

D R Lloyd - Director

1.	STATUTORY INFORMATION

Global Air Training 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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

Equipment

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

33,199

31,186

43,461

45,663

153,509

DEPRECIATION

At 1 April 2024

26,115

26,720

35,726

42,882

131,443

Charge for year

1,062

893

1,934

696

4,585

At 31 March 2025

27,177

27,613

37,660

43,578

136,028

NET BOOK VALUE

At 31 March 2025

6,022

3,573

5,801

2,085

17,481

At 31 March 2024

7,084

4,466

7,735

2,781

22,066

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

5,504

21,633

Other debtors

15,690

15,933

21,194

37,566

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

49,587

53,974

Taxation and social security

5,310

11,087

Other creditors

85,695

84,605

140,592

149,666

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

11,667

21,667