2 30/04/2023 2023-04-30 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-05-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 08991517 2022-05-01 2023-04-30 08991517 2023-04-30 08991517 2022-04-30 08991517 2021-05-01 2022-04-30 08991517 2022-04-30 08991517 2021-04-30 08991517 core:FurnitureFittingsToolsEquipment 2022-05-01 2023-04-30 08991517 bus:RegisteredOffice 2022-05-01 2023-04-30 08991517 bus:Director1 2022-05-01 2023-04-30 08991517 bus:Director2 2022-05-01 2023-04-30 08991517 bus:Director3 2022-05-01 2023-04-30 08991517 bus:Director4 2022-05-01 2023-04-30 08991517 core:NetGoodwill 2023-04-30 08991517 core:FurnitureFittingsToolsEquipment 2022-04-30 08991517 core:FurnitureFittingsToolsEquipment 2023-04-30 08991517 core:WithinOneYear 2023-04-30 08991517 core:WithinOneYear 2022-04-30 08991517 core:AfterOneYear 2023-04-30 08991517 core:AfterOneYear 2022-04-30 08991517 core:RetainedEarningsAccumulatedLosses 2021-05-01 2022-04-30 08991517 core:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 08991517 core:ShareCapital 2023-04-30 08991517 core:ShareCapital 2022-04-30 08991517 core:RetainedEarningsAccumulatedLosses 2023-04-30 08991517 core:RetainedEarningsAccumulatedLosses 2022-04-30 08991517 core:ShareCapital 2021-04-30 08991517 core:RetainedEarningsAccumulatedLosses 2021-04-30 08991517 core:NetGoodwill 2022-04-30 08991517 core:FurnitureFittingsToolsEquipment 2022-04-30 08991517 bus:SmallEntities 2022-05-01 2023-04-30 08991517 bus:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 08991517 bus:FullAccounts 2022-05-01 2023-04-30 08991517 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 08991517 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30
Company registration number: 08991517
Travel Retail Public Relations Ltd
Unaudited filleted financial statements
30 April 2023
Travel Retail Public Relations Ltd
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Travel Retail Public Relations Ltd
Directors and other information
Directors Mrs Rowena Holland (Resigned 28 April 2023)
Mr Nicholas King (Appointed 28 April 2023)
Mr Andrew Machin (Appointed 28 April 2023)
Mr Oliver Potter (Appointed 28 April 2023)
Company number 08991517
Registered office Juniper Studios
Tilford Road
Farnham
GU10 2DZ
Travel Retail Public Relations Ltd
Statement of financial position
30 April 2023
2023 2022
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 1,215 564
_______ _______
1,215 564
Current assets
Debtors 7 88,649 76,481
Cash at bank and in hand 92,715 66,879
_______ _______
181,364 143,360
Creditors: amounts falling due
within one year 8 ( 116,128) ( 99,897)
_______ _______
Net current assets 65,236 43,463
_______ _______
Total assets less current liabilities 66,451 44,027
Creditors: amounts falling due
after more than one year 9 ( 20,833) ( 30,556)
Provisions for liabilities - ( 247)
_______ _______
Net assets 45,618 13,224
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 45,518 13,124
_______ _______
Shareholders funds 45,618 13,224
_______ _______
For the year ending 30 April 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 10 December 2023 , and are signed on behalf of the board by:
Mr Andrew Machin
Director
Company registration number: 08991517
Travel Retail Public Relations Ltd
Statement of changes in equity
Year ended 30 April 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 May 2021 100 14,704 14,804
Profit for the year 66,420 66,420
_______ _______ _______
Total comprehensive income for the year - 66,420 66,420
Dividends paid and payable ( 68,000) ( 68,000)
_______ _______ _______
Total investments by and distributions to owners - ( 68,000) ( 68,000)
_______ _______ _______
At 30 April 2022 and 1 May 2022 100 13,124 13,224
Profit for the year 32,394 32,394
_______ _______ _______
Total comprehensive income for the year - 32,394 32,394
_______ _______ _______
At 30 April 2023 100 45,518 45,618
_______ _______ _______
Travel Retail Public Relations Ltd
Notes to the financial statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Juniper Studios, Tilford Road, Farnham, GU10 2DZ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts 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, except to the extent 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 in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Defined contribution plans
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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 3 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 May 2022 and 30 April 2023 277,000 277,000
_______ _______
Amortisation
At 1 May 2022 and 30 April 2023 277,000 277,000
_______ _______
Carrying amount
At 30 April 2023 - -
_______ _______
At 30 April 2022 - -
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 May 2022 12,086 12,086
Additions 1,066 1,066
Disposals ( 10,722) ( 10,722)
_______ _______
At 30 April 2023 2,430 2,430
_______ _______
Depreciation
At 1 May 2022 11,522 11,522
Charge for the year 415 415
Disposals ( 10,722) ( 10,722)
_______ _______
At 30 April 2023 1,215 1,215
_______ _______
Carrying amount
At 30 April 2023 1,215 1,215
_______ _______
At 30 April 2022 564 564
_______ _______
7. Debtors
2023 2022
£ £
Trade debtors 58,221 31,067
Amounts owed by group undertakings and undertakings in which the company has a participating interest 14,741 -
Other debtors 15,687 45,414
_______ _______
88,649 76,481
_______ _______
8. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 10,000 11,806
Trade creditors 16,855 8,372
Corporation tax 7,756 16,092
Social security and other taxes 693 -
Other creditors 80,824 63,627
_______ _______
116,128 99,897
_______ _______
9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 20,833 30,556
_______ _______