Registered number
11310410
Reward Flight Finder Ltd
Filleted Accounts
30 April 2024
Reward Flight Finder Ltd
Registered number: 11310410
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 206,182 191,160
Current assets
Debtors 5 5,329 2,420
Cash at bank and in hand 113,691 58,011
119,020 60,431
Creditors: amounts falling due within one year 6 (37,363) (27,378)
Net current assets 81,657 33,053
Total assets less current liabilities 287,839 224,213
Creditors: amounts falling due after more than one year 7 (178,190) (187,079)
Net assets 109,649 37,134
Capital and reserves
Called up share capital 1 1
Reserves 8 134,217 134,217
Profit and loss account (24,569) (97,084)
Shareholder's funds 109,649 37,134
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 member has 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.
Mr D. Rose
Director
Approved by the board on 31 January 2025
Reward Flight Finder Ltd
Notes to the Accounts
for the year ended 30 April 2024
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 rendering of services. Turnover from the rendering of services is recognised at completion of the service.
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 at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Cost
At 1 May 2023 235,809
Additions 32,459
At 30 April 2024 268,268
Amortisation
At 1 May 2023 44,649
Provided during the year 17,437
At 30 April 2024 62,086
Net book value
At 30 April 2024 206,182
At 30 April 2023 191,160
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 796
At 30 April 2024 796
Depreciation
At 1 May 2023 796
At 30 April 2024 796
Net book value
At 30 April 2024 -
5 Debtors 2024 2023
£ £
Other debtors 5,329 2,420
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,812 4,491
Corporation tax (8,276) (33,228)
Other taxes and social security costs 21,120 15,735
Accruals and other creditors 22,707 40,380
37,363 27,378
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 21,408 30,297
Director's Loan 156,782 156,782
178,190 187,079
8 Reserves 2024 2023
£ £
At 1 May 2023 134,217 134,217
At 30 April 2024 134,217 134,217
9 Other information
Reward Flight Finder Ltd is a private company limited by shares and incorporated in England. Its registered office is:
International House
12 Constance Street
London
England
E16 2DQ
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