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Logo On Report
Registered Number: 11681245
England and Wales

 

 

 

WORLD FLYER UK LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Director Muhammad Asif
Registered Number 11681245
Registered Office 6 Millsborough House
Ipsley Street
Birmingham
Worcestershire
B98 7AL
1
  2024   2023
    £ £   £ £
Fixed assets   1,576      3,493 
Current assets 85,634      93,335   
Creditors: amount falling due within one year (12,555)     (11,995)  
Net current assets   73,079      81,340 
Total assets less current liabilities   74,655      84,833 
Creditors: amount falling due after more than one year   (18,044)     (28,694)
Net assets   56,611      56,139 
 

         
Capital and reserves   56,611      56,139 
 
NOTES TO THE ACCOUNTS

General Information
World Flyer UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 11681245, registration address 6 Millsborough House, Ipsley Street, Birmingham, Worcestershire, B98 7AL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date. 
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
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:
Plant & Machinery 25% Reducing Balance
2.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2023 10,437    10,437 
Additions  
Disposals  
At 31 March 2024 10,437    10,437 
Amortisation
At 01 April 2023 9,045    9,045 
Charge for year 1,392    1,392 
On disposals  
At 31 March 2024 10,437    10,437 
Net book values
At 31 March 2024  
At 31 March 2023 1,392    1,392 


3.

Tangible fixed assets

Cost or valuation Plant & Machinery   Total
  £   £
At 01 April 2023 7,467    7,467 
Additions  
Disposals  
At 31 March 2024 7,467    7,467 
Depreciation
At 01 April 2023 5,366    5,366 
Charge for year 525    525 
On disposals  
At 31 March 2024 5,891    5,891 
Net book values
Closing balance as at 31 March 2024 1,576    1,576 
Opening balance as at 01 April 2023 2,101    2,101 


4.

Average number of employees

Average number of employees during the year was 3 (2023 : 2).


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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 accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 25 July 2024 and were signed by:


--------------------------------
Muhammad Asif
Director
2