Company Registration No. 04690224 (England and Wales)
Findaflight Limited
Unaudited accounts
for the year ended 31 December 2023
Findaflight Limited
Unaudited accounts
Contents
Findaflight Limited
Company Information
for the year ended 31 December 2023
Company Number
04690224 (England and Wales)
Registered Office
25 Russell Road, West Wittering
Chichester
PO20 8EF
England
Accountants
Asmita & Associates Ltd
114-116 Plumstead High Street
Plumstead
London
SE18 1SJ
Findaflight Limited
Statement of financial position
as at 31 December 2023
Intangible assets
4,527
4,527
Investments
200,000
200,000
Cash at bank and in hand
(24,370)
(24,871)
Creditors: amounts falling due within one year
(301,819)
(299,520)
Net current liabilities
(316,189)
(314,391)
Net liabilities
(111,489)
(109,648)
Called up share capital
14,000
14,000
Profit and loss account
(125,489)
(123,648)
Shareholders' funds
(111,489)
(109,648)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 April 2024 and were signed on its behalf by
Simon Jennings
Director
Company Registration No. 04690224
Findaflight Limited
Notes to the Accounts
for the year ended 31 December 2023
Findaflight Limited is a private company, limited by shares, registered in England and Wales, registration number 04690224. The registered office is 25 Russell Road, West Wittering, Chichester, PO20 8EF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing value
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due. The directors expect an upturn in future trade that would improve the company's profitability. They have also expressed a willingness to support the company.
Investments in shares are included at fair value.
Findaflight Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Fixtures & fittings
6
Investments
Other investments
Valuation at 1 January 2023
200,000
Valuation at 31 December 2023
200,000
Amounts falling due after more than one year
Amounts due from group undertakings etc.
10,000
10,000
Findaflight Limited
Notes to the Accounts
for the year ended 31 December 2023
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
50,000
50,000
Taxes and social security
26,167
26,167
Other creditors
217,743
220,853
Loans from directors
5,409
-
9
Average number of employees
During the year the average number of employees was 1 (2022: 0).