REGISTERED NUMBER: SC461977 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GLOBAL TREK AVIATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

David James McColm

SECRETARY:

Trudi Thorburn

REGISTERED OFFICE:

Ladykirk House

G/F 11 Skye Road

Shawfarm Industrial Estate

Prestwick

Ayrshire

KA9 2TA

REGISTERED NUMBER:

SC461977 (Scotland)

ACCOUNTANTS:

Stewart Gilmour & Co.

Chartered Accountants

24 Beresford Terrace

Ayr

KA7 2EG

BANKERS:

Virgin Money

43 Alloway Street

Ayr

KA7 1SP

FIXED ASSETS

Tangible assets

4

1,794

110

Investments

5

830,787

303,992

832,581

304,102

CURRENT ASSETS

Debtors

6

492,680

523,927

Cash at bank

137,608

160,557

630,288

684,484

CREDITORS

Amounts falling due within one year

7

125,007

67,751

NET CURRENT ASSETS

505,281

616,733

TOTAL ASSETS LESS CURRENT LIABILITIES

1,337,862

920,835

CAPITAL AND RESERVES

Called up share capital

8

1,005

1,005

Capital redemption reserve

248

248

Retained earnings

1,336,609

919,582

SHAREHOLDERS' FUNDS

1,337,862

920,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 March 2025 and were signed by:

David James McColm - Director

1.	STATUTORY INFORMATION

Global Trek Aviation Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Fixed asset investments

Fixed asset investments are stated at cost less any provision for permanent diminution in value. For listed investments, market value is based on the closing mid-market price on a recognised stock exchange.

The financial statements contain information about Global Trek Aviation Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

249

Additions

2,000

At 31 December 2024

2,249

DEPRECIATION

At 1 January 2024

139

Charge for year

316

At 31 December 2024

455

NET BOOK VALUE

At 31 December 2024

1,794

At 31 December 2023

110

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

399

303,593

303,992

Additions

-

500,000

500,000

Revaluations

-

26,795

26,795

At 31 December 2024

399

830,388

830,787

NET BOOK VALUE

At 31 December 2024

399

830,388

830,787

At 31 December 2023

399

303,593

303,992

Cost or valuation at 31 December 2024 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2023

-

3,593

3,593

Valuation in 2024

-

26,795

26,795

Cost

399

800,000

800,399

399

830,388

830,787

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

85,600

54,112

Other debtors

407,080

469,815

492,680

523,927

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,163

182

Taxation and social security

59,032

27,632

Other creditors

64,812

39,937

125,007

67,751

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

5

Ordinary 'A' to 'E'

£1

5

5

1,005

1,005

9.	ULTIMATE CONTROLLING PARTY

The controlling party is David James McColm.

Director David James McColm holds 99.6% of the issued share capital of the company.