REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 27 November 2020 to 30 November 2021 |
for |
Kimbo Travel Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 27 November 2020 to 30 November 2021 |
for |
Kimbo Travel Limited |
Kimbo Travel Limited (Registered number: 13049229) |
Contents of the Financial Statements |
for the Period 27 November 2020 to 30 November 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Kimbo Travel Limited |
Company Information |
for the Period 27 November 2020 to 30 November 2021 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
40 Brookhouse Road |
Denbigh |
Clwyd |
LL16 4RQ |
Kimbo Travel Limited (Registered number: 13049229) |
Balance Sheet |
30 November 2021 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges her 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. |
Kimbo Travel Limited (Registered number: 13049229) |
Balance Sheet - continued |
30 November 2021 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Kimbo Travel Limited (Registered number: 13049229) |
Notes to the Financial Statements |
for the Period 27 November 2020 to 30 November 2021 |
1. | STATUTORY INFORMATION |
Kimbo Travel Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about carrying values of assets and liabilities that are not readily available from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. |
The key judgements and sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below: |
Estimated useful lives and residual values of tangible and intangible fixed assets |
Depreciation / amortisation of tangible and intangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during current and prior accounting periods. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Kimbo Travel Limited (Registered number: 13049229) |
Notes to the Financial Statements - continued |
for the Period 27 November 2020 to 30 November 2021 |
2. | ACCOUNTING POLICIES - continued |
Tangible fixed assets |
Computer equipment | - |
Financial instruments |
The following assets and liabilities are classified as financial instruments - trade debtors and trade creditors. |
Trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received. |
Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Kimbo Travel Limited (Registered number: 13049229) |
Notes to the Financial Statements - continued |
for the Period 27 November 2020 to 30 November 2021 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
Additions |
At 30 November 2021 |
AMORTISATION |
Charge for period |
At 30 November 2021 |
NET BOOK VALUE |
At 30 November 2021 |
5. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
Additions |
At 30 November 2021 |
DEPRECIATION |
Charge for period |
At 30 November 2021 |
NET BOOK VALUE |
At 30 November 2021 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
VAT |
Deferred tax asset |
Kimbo Travel Limited (Registered number: 13049229) |
Notes to the Financial Statements - continued |
for the Period 27 November 2020 to 30 November 2021 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Directors' current accounts | 16,533 |
Accrued expenses |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 1 |
1 Ordinary share of £1 was issued during the period |
9. | CAPITAL COMMITMENTS |
£ |
Contracted but not provided for in the |
financial statements |
10. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
11. | COMPARATIVE FIGURES |
There are no comparative figures as this is the entity's first period of trading. |