1 October 2022 v2023.24.1 limited_company_frs_102_section_1a_v1_1_0 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP009070452022-10-012023-09-30009070452023-09-30009070452022-09-3000907045core:WithinOneYear2023-09-3000907045core:WithinOneYear2022-09-3000907045core:ShareCapital2023-09-3000907045core:ShareCapital2022-09-3000907045core:RetainedEarningsAccumulatedLosses2023-09-3000907045core:RetainedEarningsAccumulatedLosses2022-09-3000907045bus:Director12022-10-012023-09-3000907045bus:RegisteredOffice2022-10-012023-09-3000907045core:FurnitureFittingsToolsEquipment2022-10-012023-09-3000907045core:OfficeEquipment2022-10-012023-09-30009070452021-10-012022-09-3000907045core:PlantMachinery2022-10-0100907045core:PlantMachinery2022-10-012023-09-3000907045core:PlantMachinery2023-09-3000907045core:PlantMachinery2022-09-300090704512022-10-012023-09-3000907045countries:EnglandWales2022-10-012023-09-3000907045bus:AuditExemptWithAccountantsReport2022-10-012023-09-3000907045bus:PrivateLimitedCompanyLtd2022-10-012023-09-3000907045bus:SmallEntities2022-10-012023-09-3000907045bus:FullAccounts2022-10-012023-09-30
Company registration number:
00907045
Grimsby Travel Agency Limited
Unaudited Filleted Financial Statements for the year ended
30 September 2023
Grimsby Travel Agency Limited
Statement of Financial Position
30 September 2023
20232022
Note££
Fixed assets    
Tangible assets 5
3,343
 
1,340
 
Current assets    
Debtors 6
4,738
 
4,706
 
Investments 7
116,904
 
114,254
 
Cash at bank and in hand
114,859
 
88,729
 
236,501
 
207,689
 
Creditors: amounts falling due within one year 8
(179,311
)
(150,270
)
Net current assets
57,190
 
57,419
 
Total assets less current liabilities 60,533   58,759  
Provisions for liabilities
(670
)
(254
)
Net assets
59,863
 
58,505
 
Capital and reserves    
Called up share capital
20,000
 
20,000
 
Profit and loss account
39,863
 
38,505
 
Shareholders funds
59,863
 
58,505
 
For the year ending
30 September 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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
24 October 2023
, and are signed on behalf of the board by:
Mr S Shaw
Director
Company registration number:
00907045
Grimsby Travel Agency Limited
Notes to the Financial Statements
Year ended
30 September 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
4a South St.Marys Gate
,
Grimsby
,
DN31 1LN
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the commissions received during the year.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
15% reducing balance
Office equipment
33% straight line

Government grants

Government grants relate to amounts received from the government and local authority to assist the business in dealing with the impact of Covid 19.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

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 Average number of employees

The average number of persons employed by the company during the year was
4
(2022:
4.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 October 2022
29,527
 
Additions
2,640
 
At
30 September 2023
32,167
 
Depreciation  
At
1 October 2022
28,187
 
Charge
637
 
At
30 September 2023
28,824
 
Carrying amount  
At
30 September 2023
3,343
 
At 30 September 2022
1,340
 

6 Debtors

20232022
££
Trade debtors
1,371
 
3,392
 
Other debtors
3,367
 
1,314
 
4,738
 
4,706
 

7 Investments

20232022
££
Other current asset investments
116,904
 
114,254
 

8 Creditors: amounts falling due within one year

20232022
££
Trade creditors
101,932
 
98,826
 
Taxation and social security
20,288
 
17,203
 
Other creditors
57,091
 
34,241
 
179,311
 
150,270