1 January 2023 false No description of principal activity Taxfiler 2024.5 true 04690224business:PrivateLimitedCompanyLtd2023-01-012023-12-31 046902242022-12-31 046902242023-01-012023-12-31 04690224business:AuditExemptWithAccountantsReport2023-01-012023-12-31 04690224business:FilletedAccounts2023-01-012023-12-31 046902242023-12-31 04690224business:Director12023-01-012023-12-31 04690224business:RegisteredOffice2023-01-012023-12-31 046902242022-12-31 04690224core:WithinOneYear2023-12-31 04690224core:WithinOneYear2022-12-31 04690224core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 04690224core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 04690224core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 04690224core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 04690224core:PreviouslyStatedAmount2023-12-31 04690224core:PreviouslyStatedAmount2022-12-31 04690224business:SmallEntities2023-01-012023-12-31 04690224countries:EnglandWales2023-01-012023-12-31 04690224core:FurnitureFittings2023-01-012023-12-31 04690224core:Goodwill2022-12-31 04690224core:Goodwill2023-12-31 04690224core:FurnitureFittings2022-12-31 04690224core:FurnitureFittings2023-12-31 04690224core:AfterOneYear2023-12-31 04690224core:AfterOneYear2022-12-31 046902242022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 04690224 (England and Wales)
Findaflight Limited Unaudited accounts for the year ended 31 December 2023
Findaflight Limited Unaudited accounts Contents
Page
- 2 -
Findaflight Limited Company Information for the year ended 31 December 2023
Director
Simon Jennings
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
- 3 -
Findaflight Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
4,527 
4,527 
Tangible assets
173 
216 
Investments
200,000 
200,000 
204,700 
204,743 
Current assets
Debtors
10,000 
10,000 
Cash at bank and in hand
(24,370)
(24,871)
(14,370)
(14,871)
Creditors: amounts falling due within one year
(301,819)
(299,520)
Net current liabilities
(316,189)
(314,391)
Net liabilities
(111,489)
(109,648)
Capital and reserves
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
- 4 -
Findaflight Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
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.
Pension 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.
Foreign exchange
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.
Going concern
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
Investments in shares are included at fair value.
- 5 -
Findaflight Limited Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
4,527 
At 31 December 2023
4,527 
Amortisation
At 1 January 2023
- 
At 31 December 2023
- 
Net book value
At 31 December 2023
4,527 
At 31 December 2022
4,527 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2023
9,040 
At 31 December 2023
9,040 
Depreciation
At 1 January 2023
8,824 
Charge for the year
43 
At 31 December 2023
8,867 
Net book value
At 31 December 2023
173 
At 31 December 2022
216 
6
Investments
Other investments 
£ 
Valuation at 1 January 2023
200,000 
Valuation at 31 December 2023
200,000 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
10,000 
10,000 
- 6 -
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 
- 
Accruals
2,500 
2,500 
301,819 
299,520 
9
Average number of employees
During the year the average number of employees was 1 (2022: 0).
- 7 -