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REGISTERED NUMBER: 06760416 (England and Wales)
















VERTICAL TRAVEL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






VERTICAL TRAVEL LIMITED (REGISTERED NUMBER: 06760416)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


VERTICAL TRAVEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr P.L. Healey
Mrs Y. Leslie





REGISTERED OFFICE: 14 Hemmells
Laindon
Basildon
Essex
SS15 6ED





REGISTERED NUMBER: 06760416 (England and Wales)





INDEPENDENT AUDITORS: CR Bland Baker Limited
Chartered Accountants and
Statutory Auditor
21 Lodge Lane
Grays
Essex
RM17 5RY

VERTICAL TRAVEL LIMITED (REGISTERED NUMBER: 06760416)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 55

CURRENT ASSETS
Debtors 5 65,066 178,655
Cash at bank and in hand 2,978 1,241
68,044 179,896
CREDITORS
Amounts falling due within one year 6 1,046,041 1,103,920
NET CURRENT LIABILITIES (977,997 ) (924,024 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(977,997

)

(923,969

)

CREDITORS
Amounts falling due after more than one
year

7

11,669

21,667
NET LIABILITIES (989,666 ) (945,636 )

CAPITAL AND RESERVES
Called up share capital 51 51
Retained earnings (989,717 ) (945,687 )
SHAREHOLDERS' FUNDS (989,666 ) (945,636 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:



Mr P.L. Healey - Director


VERTICAL TRAVEL LIMITED (REGISTERED NUMBER: 06760416)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Vertical Travel Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The directors have undertaken a review of the business and the Group, and have a reasonable expectation that the Group, and therefore the Company if it should re-commence trading, have adequate resources to continue to be operational for a period of 12 months from the date of approval of the financial statements.

Turnover
Commissions received are recognised in the month the holiday is booked, any subsequent changes or cancellations are adjusted for in the month that the change occurs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the lease term
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


VERTICAL TRAVEL LIMITED (REGISTERED NUMBER: 06760416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 76,619 8,853 16,370 101,842
DEPRECIATION
At 1 May 2023 76,619 8,853 16,315 101,787
Charge for year - - 55 55
At 30 April 2024 76,619 8,853 16,370 101,842
NET BOOK VALUE
At 30 April 2024 - - - -
At 30 April 2023 - - 55 55

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 65,066 178,655

VERTICAL TRAVEL LIMITED (REGISTERED NUMBER: 06760416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,998 10,000
Trade creditors 41,674 13,327
Amounts owed to group undertakings 991,623 1,069,940
Taxation and social security - 4,451
Other creditors 2,746 6,202
1,046,041 1,103,920

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 11,669 21,667

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven James Garrod FCA (Senior Statutory Auditor)
for and on behalf of CR Bland Baker Limited

9. RELATED PARTY DISCLOSURES

As the Company is a wholly owned subsidiary of Notsallow 134 Limited the Company has taken advantage of the exemption in FRS102 disclosure 33.1A and has therefore not disclosed transactions or balances with other wholly owned subsidiaries which form part of the group headed by Vertical Group Limited.

At the year end an amount of £nil (2023: £118,762) was due to the company from the directors. The loan was interest free and is repayable on demand.

VERTICAL TRAVEL LIMITED (REGISTERED NUMBER: 06760416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking of this company at the year ended 30 April 2024 was Vertical Group Limited which is incorporated and registered in England and Wales.

The immediate parent undertaking and controlling party of this company is Notsallow 134 Limited which is incorporated and registered in England and Wales. The largest and smallest group of undertakings which include this Company and for which consolidated accounts have been drawn up is that headed by Vertical Group Limited.

The consolidated financial statements, within which this Company is included, can be obtained from 14 Hemmells, Laindon, Basildon, Essex, SS15 6ED. This is also the registered office address of Vertical Group Limited.

The ultimate controlling party is Mr Peter Healey.