Registered number
07721384
ANAND TRAVEL LIMITED
Filleted Accounts
31 July 2023
ANAND TRAVEL LIMITED
Registered number: 07721384
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 60,500 66,000
Tangible assets 4 3,462 3,714
63,962 69,714
Current assets
Debtors 5 71,055 51,724
Cash at bank and in hand 301,068 309,569
372,123 361,293
Creditors: amounts falling due within one year 6 (176,659) (190,346)
Net current assets 195,464 170,947
Total assets less current liabilities 259,426 240,661
Creditors: amounts falling due after more than one year 7 (119,000) (119,000)
Net assets 140,426 121,661
Capital and reserves
Called up share capital 30,000 30,000
Profit and loss account 110,426 91,661
Shareholder's funds 140,426 121,661
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Sreekumar
Director
Approved by the board on 19 January 2024
ANAND TRAVEL LIMITED
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
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).
Turnover
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 10% on reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2022 110,000
At 31 July 2023 110,000
Amortisation
At 1 August 2022 44,000
Provided during the year 5,500
At 31 July 2023 49,500
Net book value
At 31 July 2023 60,500
At 31 July 2022 66,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 6,812
Additions 50
At 31 July 2023 6,862
Depreciation
At 1 August 2022 3,098
Charge for the year 302
At 31 July 2023 3,400
Net book value
At 31 July 2023 3,462
At 31 July 2022 3,714
5 Debtors 2023 2022
£ £
Trade debtors 21,055 470
Other debtors 50,000 51,254
71,055 51,724
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,937 1,029
Trade creditors 147,319 141,762
Taxation and social security costs 9,123 19,176
Other creditors 18,280 28,379
176,659 190,346
7 Creditors: amounts falling due after one year 2023 2022
£ £
Subordinated Loan 119,000 119,000
8 Controlling party
Director of the company, controls the company by virtue of a controlling interest (directly or indirectly) of 100% of the issued ordinary share capital.
9 Other information
ANAND TRAVEL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
344 High Street North
Manor Park
London
E12 6PH
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