ERP Travel Ltd - Accounts

Registered Number: 13839168 ERP Travel Ltd
Balance Sheet
As at 31 January 2023

	Notes	2023 £
Fixed assets
Intangible fixed assets	3	11,996
Tangible fixed assets	4	3,021
		15,017
Current assets
Debtors	5	390
Cash at bank and in hand		436
		826
Creditors: amount falling due within one year	6	(25,091)
Net current liabilities		(24,265)

Total assets less current liabilities		(9,248)
Provisions for liabilities	7	(755)
Net liabilities		(10,003)

Capital and reserves
Called up share capital	8	2
Profit and loss account		(10,005)
Shareholder's funds		(10,003)

For the period ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
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.

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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 03 October 2023 and were signed on its behalf by:

-------------------------------
Robert Poole
Director

ERP Travel Ltd
Notes to the Financial Statements
For the period ended 31 January 2023

General Information

ERP Travel Ltd is a private company, limited by shares, registered in England and Wales, registration number 13839168, registration address Tomira, Shipdham Road, Thetford, Norfolk, IP25 6ST.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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)

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Franchise Fees
Franchise Fees is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Franchise Fees of 5 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	20% Straight Line
Computer Equipment	25% Straight Line

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the period was 2.

Intangible fixed assets

Cost	Franchise Fee	Total
	£	£
At 10 January 2022	-	-
Additions	14,995	14,995
Disposals	-	-
At 31 January 2023	14,995	14,995
Amortisation
At 10 January 2022	-	-
Charge for period	2,999	2,999
On disposals	-	-
At 31 January 2023	2,999	2,999
Net book values
At 31 January 2023	11,996	11,996
At 09 January 2022	-	-

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 10 January 2022	-	-	-
Additions	1,367	2,146	3,513
Disposals	-	-	-
At 31 January 2023	1,367	2,146	3,513
Depreciation
At 10 January 2022	-	-	-
Charge for period	79	413	492
On disposals	-	-	-
At 31 January 2023	79	413	492
Net book values
Closing balance as at 31 January 2023	1,288	1,733	3,021
Opening balance as at 10 January 2022	-	-	-

Debtors: amounts falling due within one year

	2023 £
VAT	390
	390

Creditors: amount falling due within one year

	2023 £
Trade Creditors	491
Directors' Current Accounts	24,600
	25,091

Provisions for liabilities

	2023 £
Deferred Tax	755
	755

Share Capital

Authorised
2 Class A shares of £1.00 each

Allotted, called up and fully paid	2023 £
2 Class A shares of £1.00 each	2
	2