1 January 2023 v2024.35.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP105292482023-01-012023-12-31105292482023-12-31105292482022-12-3110529248core:WithinOneYear2023-12-3110529248core:WithinOneYear2022-12-3110529248core:AfterOneYear2023-12-3110529248core:AfterOneYear2022-12-3110529248core:ShareCapital2023-12-3110529248core:ShareCapital2022-12-3110529248core:RetainedEarningsAccumulatedLosses2023-12-3110529248core:RetainedEarningsAccumulatedLosses2022-12-3110529248bus:Director12023-01-012023-12-3110529248bus:RegisteredOffice2023-01-012023-12-3110529248core:OfficeEquipment2023-01-012023-12-31105292482022-01-012022-12-3110529248core:PlantMachinery2023-01-0110529248core:PlantMachinery2023-01-012023-12-3110529248core:PlantMachinery2023-12-3110529248core:PlantMachinery2022-12-311052924812023-01-012023-12-3110529248countries:EnglandWales2023-01-012023-12-3110529248bus:AuditExemptWithAccountantsReport2023-01-012023-12-3110529248bus:PrivateLimitedCompanyLtd2023-01-012023-12-3110529248bus:SmallEntities2023-01-012023-12-3110529248bus:FullAccounts2023-01-012023-12-31
Company registration number:
10529248
Gia Travel UK Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2023
Gia Travel UK Limited
Statement of Financial Position
31 December 2023
20232022
Note££
Fixed assets    
Tangible assets 5
6,229
 
99
 
Current assets    
Debtors 6
240,168
 
129,081
 
Cash at bank and in hand
213,044
 
365,881
 
453,212
 
494,962
 
Creditors: amounts falling due within one year 7
(341,929
)
(362,520
)
Net current assets
111,283
 
132,442
 
Total assets less current liabilities 117,512   132,541  
Creditors: amounts falling due after more than one year 8
(13,283
)
(21,283
)
Net assets
104,229
 
111,258
 
Capital and reserves    
Called up share capital
30,000
 
30,000
 
Profit and loss account
74,229
 
81,258
 
Shareholders funds
104,229
 
111,258
 
For the year ending
31 December 2023
, 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 financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
22 July 2024
, and are signed on behalf of the board by:
Mr A Chacko
Director
Company registration number:
10529248
Gia Travel UK Limited
Notes to the Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
C/O Brian Paul Limited
,
Chase Green House
,
Enfield
,
Middlesex
,
EN2 6NF
, United Kingdom. The business address of the company is 28 Moor Leasow, Northfields, Birmingham B31 3XL.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.
Revenue from the sale of services is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on departure date; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2022:
1.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2023
5,965
 
Additions
8,304
 
At
31 December 2023
14,269
 
Depreciation  
At
1 January 2023
5,866
 
Charge
2,174
 
At
31 December 2023
8,040
 
Carrying amount  
At
31 December 2023
6,229
 
At 31 December 2022
99
 

6 Debtors

20232022
££
Trade debtors
59,402
 
19,164
 
Other debtors
180,766
 
109,917
 
240,168
 
129,081
 

7 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
14,437
 
11,263
 
Trade creditors
234,865
 
267,507
 
Taxation and social security
19,011
 
23,974
 
Other creditors
73,616
 
59,776
 
341,929
 
362,520
 

8 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
13,283
 
21,283
 

9 Controlling party

The ultimate controlling party is director and shareholder Mr A Chacko.