Flight Profile Limited 31/08/2019 iXBRL
Flight Profile Limited 31/08/2019 iXBRL
Company registration number:
06348967
Unaudited filleted financial statements
Contents
Statement of financial position
Notes to the financial statements
Statement of financial position
31 August 2019
2019 | 2018 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 4 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors | 5 | - |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 6 |
(
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(
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_______ | _______ | ||||||||
Net current assets |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Provisions for liabilities |
(
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(
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
01 April 2020
, and are signed on behalf of the board by:
Director
Company registration number:
06348967
Notes to the financial statements
Year ended 31 August 2019
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Flight Profile Limited, Old Orchard House, Beaconsfield Road, Chelwood Gate, Haywards Heath, RH17 7JU.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office Equipment | - |
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Computer Equipment | - |
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straight line | |
Impairment
Provisions
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Tangible assets
Plant and machinery | Fixtures, fittings and equipment | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 September 2018 and 31 August 2019 |
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_______ | _______ | _______ | ||
Depreciation | ||||
At 1 September 2018 |
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Charge for the year |
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- |
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_______ | _______ | _______ | ||
At 31 August 2019 |
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_______ | _______ | _______ | ||
Carrying amount | ||||
At 31 August 2019 |
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- |
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_______ | _______ | _______ | ||
At 31 August 2018 |
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- |
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_______ | _______ | _______ | ||
5.
Debtors
2019 | 2018 | |||
£ | £ | |||
Other debtors | - |
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_______ | _______ | |||
6.
Creditors: amounts falling due within one year
2019 | 2018 | |||
£ | £ | |||
Corporation tax |
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Social security and other taxes |
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Other creditors |
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_______ | _______ | |||
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_______ | _______ | |||
7.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
2019 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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(
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(
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_______ | _______ | _______ | ||
2018 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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(
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(
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_______ | _______ | _______ | ||
8.
Controlling party
The company is under the control of
Mr R P Cox
.