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REGISTERED NUMBER: 13299515 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Lotus Travel North East Ltd

Lotus Travel North East Ltd (Registered number: 13299515)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lotus Travel North East Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M Spayne
L Laws





SECRETARY:





REGISTERED OFFICE: 115 Viking Industrial Estate
Jarrow
Tyne and Wear
NE32 3DT





REGISTERED NUMBER: 13299515 (England and Wales)





ACCOUNTANTS: Grosvenor Business and Accountancy Services Ltd
Unit 214
South Shields Business Works
Henry Robson Way
South Shields
Tyne and Wear
NE33 1RF

Lotus Travel North East Ltd (Registered number: 13299515)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 205,714 80,916

CURRENT ASSETS
Debtors 5 81,397 16,478
Cash at bank - 51,980
81,397 68,458
CREDITORS
Amounts falling due within one year 6 227,753 80,058
NET CURRENT LIABILITIES (146,356 ) (11,600 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,358

69,316

CREDITORS
Amounts falling due after more than one
year

7

56,926

-
NET ASSETS 2,432 69,316

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,430 69,314
2,432 69,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Lotus Travel North East Ltd (Registered number: 13299515)

Balance Sheet - continued
31 March 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:





M Spayne - Director


Lotus Travel North East Ltd (Registered number: 13299515)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Lotus Travel North East Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 1 ) .

Lotus Travel North East Ltd (Registered number: 13299515)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 108,153
Additions 185,666
At 31 March 2023 293,819
DEPRECIATION
At 1 April 2022 27,237
Charge for year 60,868
At 31 March 2023 88,105
NET BOOK VALUE
At 31 March 2023 205,714
At 31 March 2022 80,916

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Other debtors - 16,478

Amounts falling due after more than one year:
Other debtors 81,397 -

Aggregate amounts 81,397 16,478

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 32,269 (2 )
Hire purchase contracts 35,162 -
Trade creditors 16,667 -
Taxation and social security 100,123 50,366
Other creditors 43,532 29,694
227,753 80,058

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 56,926 -