Air Travel Ltd 06291252 true 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is dormant company Digita Accounts Production Advanced 6.30.9574.0 true Mr Saurabh Raj Sharma 06291252 2023-07-01 2024-06-30 06291252 2024-06-30 06291252 bus:OrdinaryShareClass1 2024-06-30 06291252 core:ShareCapital 2024-06-30 06291252 core:CurrentFinancialInstruments 2024-06-30 06291252 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 06291252 bus:FRS102 2023-07-01 2024-06-30 06291252 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06291252 bus:FullAccounts 2023-07-01 2024-06-30 06291252 bus:RegisteredOffice 2023-07-01 2024-06-30 06291252 bus:Director1 2023-07-01 2024-06-30 06291252 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 06291252 bus:EntityHasNeverTraded 2023-07-01 2024-06-30 06291252 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06291252 countries:AllCountries 2023-07-01 2024-06-30 06291252 2022-07-01 2023-06-30 06291252 2023-06-30 06291252 bus:OrdinaryShareClass1 2023-06-30 06291252 core:ShareCapital 2023-06-30 06291252 core:CurrentFinancialInstruments 2023-06-30 06291252 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06291252

Air Travel Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Air Travel Ltd

Profit and Loss Account for the Year Ended 30 June 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Air Travel Ltd

(Registration number: 06291252)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

500

500

Capital and reserves

 

Called up share capital

5

500

500

Shareholders' funds

 

500

500

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 10 February 2025
 

.........................................
Mr Saurabh Raj Sharma
Director

   
     
 

Air Travel Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
Hygeia Building
Rear Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE
United Kingdom

These financial statements were authorised for issue by the director on 10 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Air Travel Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans from related parties.
 Recognition and measurement
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms of financed at a rate of interest that is not a market rate or in case of an out-right short term loan not at a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

 Impairment
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss if recognised in the Profit and loss account.

For financial assets measured as amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discounted rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3

Staff numbers

The average monthly number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Air Travel Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

4

Debtors

Current

2024
£

2023
£

Other debtors

500

500

 

500

500

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Share capital of £1 each

500

500

500

500