Company registration number 12406214 (England and Wales)
FLIGHTS AND TRAVELS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
FLIGHTS AND TRAVELS LTD
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 JANUARY 2023
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The director presents his annual report and financial statements for the year ended 31 January 2023.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

Mr A Mittal
Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued support of the company's director and creditors.

 

If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, to provide for further liabilities that might arise and to reclassify fixed assets as current assets.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption.

On behalf of the board
Mr A Mittal
Director
21 July 2023
FLIGHTS AND TRAVELS LTD
BALANCE SHEET
AS AT
31 JANUARY 2023
31 January 2023
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2023
2022
£
£
£
£
Fixed assets
4,821
4,924
Current assets
112,044
36,962
Creditors: amounts falling due within one year
(59,447)
(27,047)
Net current assets
52,597
9,915
Total assets less current liabilities
57,418
14,839
Creditors: amounts falling due after more than one year
(14,969)
(18,323)
Net assets/(liabilities)
42,449
(3,484)
Capital and reserves
42,449
(3,484)
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees

Included within current assets is an amount of £29,423 (2022: Nil) due from the director, Interest of £61 has been charged on the loan. The loan has been repaid within 9 months of the balance sheet date.

Related party transactions

Included within creditors is an amount of £50,000 (2022: Nil) due to a related party.

2
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2023
2022
Number
Number
Employees
1
1
3
Debtors due in more than one year

Included within debtors is an amount of £50,000 (2022: £Nil) due more than one year.

Flights and Travels Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

FLIGHTS AND TRAVELS LTD
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2023
31 January 2023
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These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 21 July 2023
Mr A Mittal
Director
Company registration number 12406214 (England and Wales)
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