QIBLA TRAVELS LIMITED - Filleted accounts

Registered number

07546856

QIBLA TRAVELS LIMITED

Unaudited Filleted Accounts

31 March 2025

QIBLA TRAVELS LIMITED
Registered number:		07546856
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		6,424			8,029

Current assets
Debtors	4	193,929			179,125
Cash at bank and in hand		29,829			70,958
		223,758			250,083

Creditors: amounts falling due within one year	5	(78,253)			(107,983)

Net current assets			145,505			142,100

Total assets less current liabilities			151,929			150,129

Creditors: amounts falling due after more than one year	6		(89,306)			(88,893)



Net assets			62,623			61,236

Capital and reserves
Called up share capital			40,000			40,000
Profit and loss account			22,623			21,236

Shareholder's funds			62,623			61,236

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.




Gultasib Khan
Director
Approved by the board on 10 September 2025

QIBLA TRAVELS LIMITED
Notes to the Accounts
for the year ended 31 March 2025


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.

	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:

	Leasehold improvements	20% reducing balance
	Fixtures, fittings and equipment	20% reducing balance

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.



2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			4		4


3	Tangible fixed assets
		Leasehold improvments		Fixtures, fittings & equipment		Total
£			£		£
	Cost
	At 1 April 2024	9,934		29,113		39,047
	At 31 March 2025	9,934		29,113		39,047

	Depreciation
	At 1 April 2024	6,977		24,041		31,018
	Charge for the year	591		1,014		1,605
	At 31 March 2025	7,568		25,055		32,623

	Net book value
	At 31 March 2025	2,366		4,058		6,424
	At 31 March 2024	2,957		5,072		8,029


4	Debtors			2025		2024
£					£

	Trade debtors			13,637		4,329
	Prepayments			179,956		174,601
	Other debtors			336		195
				193,929		179,125


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Deferred income			61,732		88,625
	Bank loans and overdrafts			-		12,087
	Trade creditors			7,729		663
	Taxation and social security costs			760		377
	Other creditors			8,032		6,231
				78,253		107,983


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			-		62,475
	Director's account			24,262		26,418
	Other creditors			65,044		-
				89,306		88,893


7	Other information

	QIBLA TRAVELS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	477 Lea Bridge Road
	London
	E10 7EA