Registered number
05653773
Transglobbal Aviation Limited
Filleted Accounts
31 December 2023
Transglobbal Aviation Limited
Registered number: 05653773
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 12,047 16,062
Current assets
Debtors 4 55,497 65,666
Cash at bank and in hand 87,897 80,896
143,394 146,562
Creditors: amounts falling due within one year 5 (13,028) (18,875)
Net current assets 130,366 127,687
Total assets less current liabilities 142,413 143,749
Creditors: amounts falling due after more than one year 6 (24,928) (34,818)
Net assets 117,485 108,931
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account 67,485 58,931
Shareholders' funds 117,485 108,931
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 members have 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.
Miss Meera Mavji
Director
Approved by the board on 1 May 2024
Transglobbal Aviation Limited
Notes to the Accounts
for the year ended 31 December 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 consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 17,284 27,626 32,042 76,952
At 31 December 2023 17,284 27,626 32,042 76,952
Depreciation
At 1 January 2023 17,283 24,383 19,224 60,890
Charge for the year - 811 3,204 4,015
At 31 December 2023 17,283 25,194 22,428 64,905
Net book value
At 31 December 2023 1 2,432 9,614 12,047
At 31 December 2022 1 3,243 12,818 16,062
4 Debtors 2023 2022
£ £
Trade debtors 5,497 15,666
IATA Bond 50,000 50,000
55,497 65,666
5 Creditors: amounts falling due within one year 2023 2022
£ £
IATA - BSP 274 -
Taxation and social security costs (1,209) 3,838
Other creditors 13,963 15,037
13,028 18,875
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 24,928 34,818
7 Other information
Transglobbal Aviation Limited is a private company limited by shares and incorporated in England. Its registered office is:
96 Plumstead High Street
Plumstead
London
SE18 1SL
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