Registered number
07850253
Orbis Travels Ltd
Filleted Accounts
30 November 2023
Orbis Travels Ltd
Registered number: 07850253
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 156,542 -
Cash at bank and in hand 22,866 24,353
179,408 24,353
Creditors: amounts falling due within one year 4 (207,045) (116,934)
Net current liabilities (27,637) (92,581)
Net liabilities (27,637) (92,581)
Capital and reserves
Called up share capital 100 100
Profit and loss account (27,737) (92,681)
Shareholder's funds (27,637) (92,581)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kunal Pankaj Naik
Director
Approved by the board on 29 August 2024
Orbis Travels Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the cmmission received or receivable, net of discounts and value added taxes. Turnover includes commission earned from the sale of air travel tickets. Turnover from the commission is recognised when the booking is confirmed.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Other debtors 156,542 -
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,430 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 40,963 61,563
Other creditors 163,652 55,371
207,045 116,934
5 Controlling party
The company is under the control of Mr Kunal Pankaj Naik by virtue of his shareholding in the issued share capital of the company.
6 Other information
Orbis Travels Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1B, First Floor
142 Johnson Street
Southall
Middlesex
UB2 5FD
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