Company Registration No. 12890174 (England and Wales)
Flip Runway Ltd
Unaudited accounts
for the period from 18 September 2020 to 30 September 2021
Flip Runway Ltd
Unaudited accounts
Contents
Flip Runway Ltd
Company Information
for the period from 18 September 2020 to 30 September 2021
Directors
Gregory David Reed
Myra Reed
Company Number
12890174 (England and Wales)
Registered Office
UNIT 8 STADIUM BUSINESS PARK
CASTLE ROAD
SITTINGBOURNE
ME10 3BG
ENGLAND
Accountants
Step Stone Accountancy Limited
4 Beach Avenue
Birchington
Kent
CT7 9JS
Flip Runway Ltd
Statement of financial position
as at 30 September 2021
Cash at bank and in hand
477
Creditors: amounts falling due within one year
(3,615)
Total assets less current liabilities
1,421
Creditors: amounts falling due after more than one year
(20,250)
Profit and loss account
(18,831)
Shareholders' funds
(18,829)
For the period ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 June 2022 and were signed on its behalf by
Gregory David Reed
Director
Company Registration No. 12890174
Flip Runway Ltd
Notes to the Accounts
for the period from 18 September 2020 to 30 September 2021
Flip Runway Ltd is a private company, limited by shares, registered in England and Wales, registration number 12890174. The registered office is UNIT 8 STADIUM BUSINESS PARK, CASTLE ROAD, SITTINGBOURNE, ME10 3BG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by 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.
4
Debtors: amounts falling due within one year
2021
Accrued income and prepayments
2,767
5
Creditors: amounts falling due within one year
2021
6
Creditors: amounts falling due after more than one year
2021
Amounts owed to group undertakings and other participating interests
20,250
Flip Runway Ltd
Notes to the Accounts
for the period from 18 September 2020 to 30 September 2021
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
Shares issued during the period:
2 Ordinary shares of £1 each
2
8
Average number of employees
During the period the average number of employees was 1.
