FUTURE OF FLIGHT SIMULATOR LTD

Executive Summary

Future of Flight Simulator Ltd currently exists in a dormant state with minimal financial activity and net assets limited to nominal share capital. While compliance is up to date, the company shows no active trading or revenue generation, reflecting a need to transition into operational mode. Activating business operations and securing funding are crucial next steps to improve financial health and unlock growth potential.

FUTURE OF FLIGHT SIMULATOR LTD - Analysis Report

Company Number: 13119594

Analysis Date: 2025-07-20 12:33 UTC

Financial Health Assessment Report for FUTURE OF FLIGHT SIMULATOR LTD

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1. Financial Health Score: D (Dormant Status - Minimal Financial Activity)

Explanation:
The company is currently classified as dormant, indicating it has not engaged in significant financial transactions during the reported periods. While this status is not inherently negative, it reflects a lack of active business operations or revenue generation, which limits any meaningful assessment of financial health beyond compliance and capital structure. The minimal net assets (£100) and unchanged shareholder funds corroborate this inactivity.

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2. Key Vital Signs

Metric	Value	Interpretation
Company Status	Active	Company is registered and legally active but dormant operationally.
Account Category	Dormant	No significant financial transactions in the last financial year.
Net Assets	£100	Minimal net assets, reflecting only share capital.
Share Capital	£100	Small share capital consistent with a micro-entity.
Cash (previous record, 2022)	£1,000	Indicates some cash held historically, now no cash reported.
Director & PSC	Single Director (Mr Michael Smith)	Clear control structure, no complexity in ownership.
SIC Codes	Software development, publishing, wholesale	Industry sectors with potential for growth but currently inactive financially.

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3. Diagnosis: Financial “Vital Signs” and Symptoms

• Dormant Company Status: The company’s dormant classification signals it is currently in a state of financial rest—no trading, no revenue, and minimal financial movement. This is akin to a patient in remission or rest, showing no active symptoms but also no signs of growth or operational vitality.

• Minimal Capital Base: The company’s net assets and shareholder funds stand at £100, reflecting only the nominal share capital. There is no evidence of accumulated profits, retained earnings, or investment in assets.

• Cash Flow Absence: The last available cash figure from early 2022 was £1,000, but no cash is reported for 2023-24, indicating that cash reserves have been depleted or are non-existent. This is a symptom of no ongoing business activity.

• No Debt or Liabilities Recorded: The absence of liabilities or current liabilities aligns with dormancy, as there are no operational expenses or creditor obligations.

• Compliance “Healthy”: The company is up to date with filings (accounts and confirmation statements), which is a positive aspect—akin to keeping up with routine health check-ups.

• Industry Potential: The SIC codes indicate engagement in software development and wholesale of computer-related products, industries with growth potential. However, the current dormant state means the company is not yet leveraging these opportunities.

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4. Recommendations: Steps to Improve Financial Wellness

1. Activate Trading Operations: To transition from dormancy, the company should consider initiating trading activities aligned with its stated software development and wholesale objectives. This will generate revenue and create a “healthy cash flow” critical for sustainability.

2. Capital Injection or Funding: Given the minimal capital, an infusion of funds (equity or debt) may be necessary to finance startup costs, product development, or inventory acquisition. This will build financial resilience and expand net assets.

3. Financial Planning and Forecasting: Develop a detailed business plan with financial projections to monitor expected cash inflows and outflows, enabling early detection of “symptoms” such as cash shortages or excessive costs.

4. Maintain Compliance Discipline: Continue timely filing of statutory returns and accounts to avoid penalties and preserve corporate “health.”

5. Review Director and Control Structure: Although currently well-defined, consider involving additional expertise or advisory roles to support business growth and governance.

6. Monitor Industry Trends: Stay informed on technology and market developments in software and computer wholesale sectors to identify opportunities for business activation.

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