Eagle Flight Training Ltd - Accounts

Eagle Flight Training Ltd - Accounts

EAGLE FLIGHT TRAINING LTD - Company Information

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Registered Number: 09637558
England and Wales

 

 

 


Abridged Accounts

for the year ended 30 June 2022

for

EAGLE FLIGHT TRAINING LTD

Eagle Flight Training Ltd
Contents Page
For the year ended 30 June 2022
 
 		 Notes
 		 2022
£		   2021
£
Fixed assets      
Tangible fixed assets 2,154    2,539 
2,154    2,539 
Current assets      
Debtors 1,834    566 
Cash at bank and in hand 4,335    7,527 
6,169    8,093 
Creditors: amount falling due within one year (78,177)   (83,055)
Net current liabilities (72,008)   (74,962)
 
Total assets less current liabilities (69,854)   (72,423)
Creditors: amount falling due after more than one year (5,180)   (5,738)
Net liabilities (75,034)   (78,161)
 

Capital and reserves 		     
Called up share capital 20    20 
Profit and loss account (75,054)   (78,181)
Shareholder's funds (75,034)   (78,161)
 


For the year ended 30 June 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 20 January 2023 and were signed by:


--------------------------------
Mr D Lewins
Director
1
General Information
Eagle Flight Training Ltd is a private company, limited by shares, registered in England and Wales, registration number 09637558, registration address Pi House, 40a London Road, Gloucester, Gloucestershire, GL1 3NU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

Average number of employees during the year was 1 (2021 : 1).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 July 2021 1,835    2,832    4,667 
Additions -    830    830 
Disposals -    -    - 
At 30 June 2022 1,835    3,662    5,497 
Depreciation
At 01 July 2021 1,279    849    2,128 
Charge for year 371    844    1,215 
On disposals -    -    - 
At 30 June 2022 1,650    1,693    3,343 
Net book values
Closing balance as at 30 June 2022 185    1,969    2,154 
Opening balance as at 01 July 2021 556    1,983    2,539 

The net book value of Computer Equipment includes £1,031(2021 £1,473) in respect of assets leased under finance leases or hire purchase contracts.

4.

Share Capital

Allotted, called up and fully paid
2022
£		   2021
£
20 Class A shares of £1.00 each 20    20 
20    20 

2