Flightpath Watch Ltd |
Notes to the Accounts |
for the year ended 28 February 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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The company does not trade but receives income from members and supporters and uses these funds to further its objectives. |
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Income |
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Income from members and supporters received in the period. |
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Taxation |
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A tax liability is recognised for tax payable on taxable income, however Corporation Tax is not due on its principal activity as this does not constitute a trade. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
- |
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- |
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3 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Other creditors |
40 |
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78 |
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4 |
Reserves |
2023 |
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2022 |
£ |
£ |
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At 1 March 2022 |
10,626 |
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10,292 |
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(Deficit)/surplus for the financial year |
(1,159) |
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334 |
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At 28 February 2023 |
9,467 |
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10,626 |
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5 |
Members |
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The company does not have a share capital but is limited by guarantee. In the event of the company being wound up, each member or past member ceasing to be a member within one year, has agreed to contribute a maximum of £1 each to the winding up process. |
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6 |
Other information |
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Flightpath Watch Ltd is a private company limited by guarantee and incorporated in England. Its registered office is: |
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125 Cudham Lane North |
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Orpington |
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Kent |
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BR6 6BY |