Registered number
06750534
Aviocharter Limited
Filleted Accounts
31 December 2023
Aviocharter Limited
Registered number: 06750534
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 5,547 6,339
Tangible assets 4 1,854 2,472
7,401 8,811
Current assets
Debtors 5 536,859 286,716
Cash at bank and in hand 155,845 506,129
692,704 792,845
Creditors: amounts falling due within one year 6 (66,678) (98,495)
Net current assets 626,026 694,350
Net assets 633,427 703,161
Capital and reserves
Called up share capital 1 1
Profit and loss account 633,426 703,160
Shareholder's funds 633,427 703,161
The director is 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 director acknowledges his 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.
Igor Mantrov
Director
Approved by the board on 6 November 2024
Aviocharter 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery 10% on a straight line basis
Fixtures, fittings, tools and equipment 25% on a reducing balance basis
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Software:
Cost
At 1 January 2023 7,924
At 31 December 2023 7,924
Amortisation
At 1 January 2023 1,585
Provided during the year 792
At 31 December 2023 2,377
Net book value
At 31 December 2023 5,547
At 31 December 2022 6,339
Software development costs are being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 7,944
At 31 December 2023 7,944
Depreciation
At 1 January 2023 5,472
Charge for the year 618
At 31 December 2023 6,090
Net book value
At 31 December 2023 1,854
At 31 December 2022 2,472
5 Debtors 2023 2022
£ £
Director's loan account 390,225 153,127
CT recoverable 112,915 109,901
Other debtors 33,719 23,688
536,859 286,716
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,123 4,451
Taxation and social security costs 62,855 90,915
Other creditors 2,700 3,129
66,678 98,495
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Igor Mantrov
Loan Movements 153,127 240,841 (3,743) 390,225
153,127 240,841 (3,743) 390,225
8 Controlling party
The immediate and controlling party is Igor Mantrov by virtue of his 100% shareholding.
9 Other information
Aviocharter Limited is a private company limited by shares and incorporated in England. Its registered office is at:
26-28 Hammersmith Grove, London, W6 7BA
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