Company registration number 05270333 (England and Wales)
Karwan-Al-Madinah Tour Operators Limited
Unaudited
financial statements
for the year ended 31 October 2023
PAGES FOR FILING WITH REGISTRAR
Karwan-Al-Madinah Tour Operators Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Karwan-Al-Madinah Tour Operators Limited
Statement Of Financial Position
as at 31 October 2023
31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,926
3,657
Current assets
Debtors
98,588
162,469
Cash at bank and in hand
41,059
69,780
139,647
232,249
Creditors: amounts falling due within one year
(96,327)
(179,439)
Net current assets
43,320
52,810
Total assets less current liabilities
46,246
56,467
Creditors: amounts falling due after more than one year
(21,792)
(33,333)
Net assets
24,454
23,134
Capital and reserves
Called up share capital
30,000
30,000
Profit and loss reserves
(5,546)
(6,866)
Total equity
24,454
23,134
Karwan-Al-Madinah Tour Operators Limited
Statement Of Financial Position (continued)
as at 31 October 2023
31 October 2023
- 2 -

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 5 March 2024 and are signed on its behalf by:
S Nawaz
Director
Company Registration No. 05270333
Karwan-Al-Madinah Tour Operators Limited
Notes to the financial statements
for the year ended 31 October 2023
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for travel services provided in the normal course of business.

Turnover is recognised on the date of departure.

 

Income received prior to the Balance Sheet date as either a deposit or an early payment for bookings which depart after the Balance Sheet date is deferred and recognised in Creditors before being recognised as income on the date of departure.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% Reducing balance
Computers
20% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Karwan-Al-Madinah Tour Operators Limited
Notes to the financial statements (continued)
for the year ended 31 October 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
3
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 November 2022 and 31 October 2023
1,800
13,308
15,108
Depreciation and impairment
At 1 November 2022
1,800
9,651
11,451
Depreciation charged in the year
-
0
731
731
At 31 October 2023
1,800
10,382
12,182
Carrying amount
At 31 October 2023
-
0
2,926
2,926
At 31 October 2022
-
0
3,657
3,657
4
Company information

Karwan-Al-Madinah Tour Operators Limited is a private company limited by shares incorporated in England and Wales. The registered office is 266 Gibbet Street, Halifax, West Yorkshire, HX1 4LT.

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