Airbookings UK Ltd

Airbookings UK Ltd

AIRBOOKINGS UK LTD - Company Information

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Company Registration No. 7842806 (England and Wales)
Airbookings UK Ltd Unaudited accounts for the year ended 31 March 2020
Airbookings UK Ltd Unaudited accounts Contents
Page
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Airbookings UK Ltd Company Information for the year ended 31 March 2020
Director
Mr Santosh Verma
Company Number
7842806 (England and Wales)
Registered Office
Morriot House 54-60 Station Approach South Ruislip Ruislip HA4 6SA United Kingdom
Accountants
Daniel Consultancy Morritt House 54-60 Station Approach South Ruislip Ruislip HA4 6SA
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Airbookings UK Ltd Accountants' report
Accountants' report to the director of Airbookings UK Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Airbookings UK Ltd for the year ended 31 March 2020 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Airbookings UK Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Airbookings UK Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Airbookings UK Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Airbookings UK Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Airbookings UK Ltd. You consider that Airbookings UK Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Airbookings UK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Daniel Consultancy Morritt House 54-60 Station Approach South Ruislip Ruislip HA4 6SA 29 March 2021
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Airbookings UK Ltd Statement of financial position as at 31 March 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
3,112 
7,249 
Current assets
Debtors
5
137,554 
168,309 
Cash at bank and in hand
15,053 
29,888 
152,607 
198,197 
Creditors: amounts falling due within one year
6
(140,631)
(184,341)
Net current assets
11,976 
13,856 
Net assets
15,088 
21,105 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
14,988 
21,005 
Shareholders' funds
15,088 
21,105 
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 March 2021 and were signed on its behalf by
Mr Santosh Verma Director Company Registration No. 7842806
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Airbookings UK Ltd Notes to the Accounts for the year ended 31 March 2020
1
Statutory information
Airbookings UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 7842806. The registered office is Morriot House 54-60 Station Approach , South Ruislip, Ruislip, HA4 6SA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight line basis
Motor vehicles
20% Straight line basis
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
Going concern
The director is assessing, on a daily basis, the impact of the significant uncertainty arising from the COVID-19 virus. Whilst the director appreciates there is a significant uncertainty surrounding the future economic climate, the company is well placed to address these impacts. The director is satisfied that the company will be able to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements, which have been prepared on the going concern basis.
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Airbookings UK Ltd Notes to the Accounts for the year ended 31 March 2020
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2019
17,087 
3,600 
20,687 
At 31 March 2020
17,087 
3,600 
20,687 
Depreciation
At 1 April 2019
10,558 
2,880 
13,438 
Charge for the year
3,417 
720 
4,137 
At 31 March 2020
13,975 
3,600 
17,575 
Net book value
At 31 March 2020
3,112 
- 
3,112 
At 31 March 2019
6,529 
720 
7,249 
5
Debtors
2020 
2019 
£ 
£ 
Less than one year
VAT
859 
- 
Trade debtors
131,695 
161,959 
Other debtors
5,000 
6,350 
Total debtors less than one year
137,554 
168,309 
Greater than one year
Total debtors
137,554 
168,309 
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade creditors
17,391 
11,287 
Taxes and social security
8,970 
23,279 
Other creditors
10,911 
- 
Loans from directors
103,359 
149,775 
140,631 
184,341 
7
Average number of employees
During the year the average number of employees was 9 (2019: 6).
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