Flights Express Limited - Filleted accounts

Registered number

06184093

Flights Express Limited

Filleted Accounts

31 March 2026

Flights Express Limited
Registered number:		06184093
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		293			367
			293			367

Current assets
Debtors	4	21,688			21,336
Cash at bank and in hand		1,080,422			959,084
		1,102,110			980,420

Creditors: amounts falling due within one year	5	(1,008,644)			(881,109)

Net current asset			93,466			99,311

Total assets less current liabilities			93,759			99,678

Creditors: amounts falling due after more than one year	6		(6,141)			(16,789)



Net assets			87,618			82,889

Capital and reserves
Called up share capital			40,000			40,000
Profit and loss account			47,618			42,889

Shareholders' funds			87,618			82,889

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 members have 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.




Mohsan Mushtaq
Director
Approved by the board on 18 September 2026

Flights Express Limited
Notes to the Accounts
for the year ended 31 March 2026


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:

	Plant and machinery			over 5 years

	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.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					4		0



3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	-		10,000		11,700		21,700
	At 31 March 2026	-		10,000		11,700		21,700

	Depreciation
	At 1 April 2025	-		9,831		11,502		21,333
	Charge for the year	-		34		40		74
	At 31 March 2026	-		9,865		11,542		21,407

	Net book value
	At 31 March 2026	-		135		158		293
	At 31 March 2025	-		169		198		367



4	Debtors					2026		2025
£							£

	Trade debtors					21,688		21,336
						21,688		21,336


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					1,006,819		879,342
	Taxation and social security costs					1,105		1,047
	Other creditors					720		720
						1,008,644		881,109


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					6,141		16,789
						6,141		16,789