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COMPANY REGISTRATION NUMBER: 02005047

Pak Travels Limited

Filleted Financial Statements

30 June 2025

Pak Travels Limited

Statement of Financial Position

30 June 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Intangible assets | 7 |  | 2,874 | 7,798
Tangible assets | 8 |  | 43,241 | 37,101
|  | ---------- | ----------
|  | 46,115 | 44,899

Current assets

Debtors | 9 | 493,658 |  | 459,720
Investments | 10 | – |  | 8,101
Cash at bank and in hand | 197,896 |  | 548,388
| ----------- |  | ---------------
| 691,554 |  | 1,016,209

Creditors: amounts falling due within one year | 11 | ( 569,866) |  | ( 893,324)
| ----------- |  | ---------------
Net current assets |  | 121,688 | 122,885
|  | ----------- | -----------
Total assets less current liabilities |  | 167,803 | 167,784

Creditors: amounts falling due after more than one year | 12 |  | ( 855) | ( 11,228)

Provisions

Taxation including deferred tax |  | ( 4,409) | ( 3,906)
|  | ----------- | -----------
Net assets |  | 162,539 | 152,650
|  | ----------- | -----------

Pak Travels Limited

Statement of Financial Position (continued)

30 June 2025

| 2025 | 2024
Note | £ | £ | £

Capital and reserves

Called up share capital | 14 |  | 100,000 | 100,000
Profit and loss account |  | 62,539 | 52,650
|  | ----------- | -----------
Shareholders funds |  | 162,539 | 152,650
|  | ----------- | -----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:

Mr Rizwan Waris
Director

Company registration number: 02005047

Pak Travels Limited

Notes to the Financial Statements

Year Ended 30th June 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 280 Coventry Road, Small Heath, Birmingham, B10 0XA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
(a) No cash flow statement has been presented for the company. (b) No disclosure has been given for the aggregate remuneration of key management personnel.
Judgements and key sources of estimation uncertainty
The judgements made by management during the current period are based on a long-term understanding of the market they operate in and based on how the business has been conducted historically. Actual results may differ from their estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the year in which the estimate is revised, if the revision affects only that year, or in the year of revision and future periods if the revision affects both current and future years. Tangible Assets The useful lives of tangible assets are determined by management and reflect those adopted within the industry. Impairment of fixed assets is further discussed in a separate accounting policy note. Deferred Tax Note 15 contains details of deferred taxation. Deferred tax liabilities are detailed by the reference to the likelihood of settlement and the likelihood that assets received is based on assumptions of future actions.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax on a booking basis. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on issue of air tickets, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | Fully amortised
| Website Cost | - | Straight Line over 4 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Short Leasehold | - | Straight Line over 20 years
| Fixtures & Fittings | - | 15% reducing balance

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2024: 10 ).
5. Tax on profit
Major components of tax expense

| 2025 | 2024
| £ | £

Current tax:

UK current tax expense | 3,142 | 49,670
Adjustments in respect of prior periods | – | 3
| -------- | ----------
Total current tax | 3,142 | 49,673
| -------- | ----------

Deferred tax:

Origination and reversal of timing differences | 503 | 582
| -------- | ----------
Tax on profit | 3,645 | 50,255
| -------- | ----------

Reconciliation of tax expense
The tax assessed on the profit on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 19 % (2024: 25 %).

| 2025 | 2024
| £ | £
Profit on ordinary activities before taxation | 13,534 | 185,772
| ---------- | -----------
Profit on ordinary activities by rate of tax | 2,572 | 46,443
Adjustment to tax charge in respect of prior periods | – | 3
Effect of expenses not deductible for tax purposes | 802 | 1,353
Effect of capital allowances and depreciation | ( 232) | 1,874
Deferred tax movement | 503 | 582
| ---------- | -----------
Tax on profit | 3,645 | 50,255
| ---------- | -----------

6. Dividends

| 2025 | 2024
| £ | £
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) | – | 125,000
| ----- | -----------

7. Intangible assets

| Goodwill | Website costs | Total
| £ | £ | £
Cost |  |  |
At 1st July 2024 and 30th June 2025 | 20,000 | 36,505 | 56,505
| ---------- | ---------- | ----------
Amortisation |  |  |
At 1st July 2024 | 20,000 | 28,707 | 48,707
Charge for the year | – | 4,924 | 4,924
| ---------- | ---------- | ----------
At 30th June 2025 | 20,000 | 33,631 | 53,631
| ---------- | ---------- | ----------
Carrying amount |  |  |
At 30th June 2025 | – | 2,874 | 2,874
| ---------- | ---------- | ----------
At 30th June 2024 | – | 7,798 | 7,798
| ---------- | ---------- | ----------

8. Tangible assets

| Land and buildings | Fixtures and fittings | Total
| £ | £ | £
Cost |  |  |
At 1st July 2024 | 83,419 | 43,750 | 127,169
Additions | – | 12,102 | 12,102
Disposals | – | ( 500) | ( 500)
| ---------- | ---------- | -----------
At 30th June 2025 | 83,419 | 55,352 | 138,771
| ---------- | ---------- | -----------
Depreciation |  |  |
At 1st July 2024 | 61,942 | 28,126 | 90,068
Charge for the year | 1,442 | 4,095 | 5,537
Disposals | – | ( 75) | ( 75)
| ---------- | ---------- | -----------
At 30th June 2025 | 63,384 | 32,146 | 95,530
| ---------- | ---------- | -----------
Carrying amount |  |  |
At 30th June 2025 | 20,035 | 23,206 | 43,241
| ---------- | ---------- | -----------
At 30th June 2024 | 21,477 | 15,624 | 37,101
| ---------- | ---------- | -----------

9. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 206,727 | 272,262
Prepayments | – | 102
Other debtors | 286,931 | 187,356
| ----------- | -----------
| 493,658 | 459,720
| ----------- | -----------

10. Investments

| 2025 | 2024
| £ | £
Other investments | – | 8,101
| ----- | --------

11. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 9,979 | 11,115
Trade creditors | 280,868 | 710,064
Corporation tax | 64,178 | 69,495
Social security and other taxes | 9,355 | 4,333
Directors' loan account | 74,361 | 15,599
Accruals and deferred income | 21,430 | 25,650
Pension | 317 | 217
Other creditors | 61,069 | 18,827
Other creditors | 48,309 | 38,024
| ----------- | -----------
| 569,866 | 893,324
| ----------- | -----------

See note 20 for guarantees. Other creditors includes an amount of £39,436 (2024 - £30,913) for closing credit card balances.
12. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 855 | 11,228
| ----- | ----------

13. Deferred tax
The deferred tax included in the statement of financial position is as follows:

| 2025 | 2024
| £ | £
Included in provisions | 4,409 | 3,906
| -------- | --------

The deferred tax account consists of the tax effect of timing differences in respect of:

| 2025 | 2024
| £ | £
Accelerated capital allowances | 4,409 | 3,906
| -------- | --------

Deferred tax has been calculated at the future corporation tax rate of 25% which has been applicable from 1st April 2023.
14. Called up share capital
Authorised share capital

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 100,000 | 100,000 | 100,000 | 100,000
| ----------- | ----------- | ----------- | -----------

Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 100,000 | 100,000 | 100,000 | 100,000
| ----------- | ----------- | ----------- | -----------

15. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
| Not later than 1 year | 10,948 | 14,824
| Later than 1 year and not later than 5 years | 12,036 | 23,214
|  | ---------- | ----------
|  | 22,984 | 38,038
|  | ---------- | ----------

16. Summary audit opinion
The auditor's report dated 30 December 2025 was unqualified .
The senior statutory auditor was Mr Rizwan Javed , for and on behalf of Javed & Co .
17. Directors' advances, credits and guarantees

|  | 2025 | 2024
|  | £ | £
| Balance B/fwd | 15,599 | 9,913
| Receipts | 255,974 | 224,795
| Payments | (197,211) | (219,109)
| Balance C/fwd | 74,361 | 15,599

|  | 2025 | 2024
|  | £ | £
| Balance B/fwd | 15,599 | 9,913
| Receipts | 255,974 | 224,795
| Payments | (197,211) | (219,109)
| Balance C/fwd | 74,361 | 15,599

The maximum amount overdrawn during the year was £146,344 (2024 - £83,294). There was no interest charged on the overdrawn director loan account balance by the company.
18. Related party transactions
Controlling Party During the year the company was under the control of three directors and their family members. The directors are all key management personnel within the company. Dividends paid to directors Dividends of nil were paid during the year to the directors of the company (2024 - £68,750) Dividends paid to other shareholders Dividends of nil were paid during the year to other shareholders (2024 - £56,250) Rent The leasehold property is owned by the directors who charged rent of £18,000 (2024 - £24,000) during the year Others The following transactions were undertaken between directors and the company, as well as a common shareholder who is also a director/shareholder in another company.

|  | 2025 | 2024
|  | £ | £
| Tickets purchased from company - directors family | 3,609 | 2,221
| Sales to related party company | 94,562 | 60,285
| Amount due from related company (included in other debtors) | 275,245 | 173,856

19. Liability limitation agreement
The company entered into a liability limitation agreement on 16 October 2020. The agreement states that an amount will be owed by the auditor to the company in respect of any negligence, default, breach of duty or breach of trust, occurring in the course of the audit of accounts, of which the auditor may be guilty in relation to the company up to the limit of £600,000.
20. Guarantees and capital commitments
The company has the following bonds, airline guarantee and other guarantee as at 30th June 2025:

|  | 2025 | 2024
|  | £ | £
| Airline Guarantee | 175,000 | 295,000
| Company credit card facility | 90,000 | 30,000
| Airline & ABTA Bonds | 25,000 | 30,137
|  | 290,000 | 355,137

The bank bonds are secured by limited personal guarantee of £450,000 given by the director Mr Rizwan Waris .