Registered number
07850253
Orbis Travels Ltd
Filleted Accounts
31 December 2024
Orbis Travels Ltd
Registered number: 07850253
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 123,460 156,542
Cash at bank and in hand 348,868 22,866
472,328 179,408
Creditors: amounts falling due within one year 4 (387,760) (207,045)
Net current assets/(liabilities) 84,568 (27,637)
Total assets less current liabilities 84,568 (27,637)
Creditors: amounts falling due after more than one year 5 (23,851) -
Net assets/(liabilities) 60,717 (27,637)
Capital and reserves
Called up share capital 30,000 100
Profit and loss account 30,717 (27,737)
Shareholder's funds 60,717 (27,637)
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.
Kunal Pankaj Naik
Director
Approved by the board on 4 August 2025
Orbis Travels Ltd
Notes to the Accounts
for the period from 1 December 2023 to 31 December 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 cmmission received or receivable, net of discounts and value added taxes. Turnover includes commission earned from the sale of air travel tickets. Turnover from the commission is recognised when the booking is confirmed.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Trade debtors 1,903 -
Other debtors 121,557 156,542
123,460 156,542
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,940 2,430
Amounts owed to group undertakings and undertakings in which the company has a participating interest 700 40,963
Taxation and social security costs 9,358 -
Other creditors 368,762 163,652
387,760 207,045
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 23,851 -
6 Controlling party
The company is under the control of Mr Kunal Pankaj Naik and Mr Viral Pankaj Naik by virtue of his shareholding in the issued share capital of the company.
7 Other information
Orbis Travels Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1B, First Floor
142 Johnson Street
Southall
Middlesex
UB2 5FD
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