Travel Loads Limited |
Notes to the Accounts |
for the year ended 31 October 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Tangible fixed assets |
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Plant and machinery |
£ |
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Cost |
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At 1 November 2022 |
1,550 |
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At 31 October 2023 |
1,550 |
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Depreciation |
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At 1 November 2022 |
1,549 |
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At 31 October 2023 |
1,549 |
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Net book value |
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At 31 October 2023 |
1 |
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At 31 October 2022 |
1 |
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4 |
Taxation losses |
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Subject to the agreement of HM Revenue and Customs, there are trading losses available to carry forward against future profits arising from the same trade of approximately £5,942. |
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5 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Taxation and social security costs |
(498) |
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(411) |
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Director's loan account |
44,409 |
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40,474 |
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Other creditors |
- |
|
315 |
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43,911 |
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40,378 |
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6 |
Other information |
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Travel Loads Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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108 Huron Road |
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London |
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SW17 8RD |