EDU Travel Limited 09724062 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is arranging international educational tours. Digita Accounts Production Advanced 6.30.9574.0 true 09724062 2022-09-01 2023-08-31 09724062 2023-08-31 09724062 core:CurrentFinancialInstruments 2023-08-31 09724062 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 09724062 core:OfficeEquipment 2023-08-31 09724062 bus:SmallEntities 2022-09-01 2023-08-31 09724062 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 09724062 bus:FullAccounts 2022-09-01 2023-08-31 09724062 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 09724062 bus:RegisteredOffice 2022-09-01 2023-08-31 09724062 bus:Director1 2022-09-01 2023-08-31 09724062 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09724062 core:OfficeEquipment 2022-09-01 2023-08-31 09724062 core:OtherRelatedParties 2022-09-01 2023-08-31 09724062 countries:England 2022-09-01 2023-08-31 09724062 2022-08-31 09724062 core:OfficeEquipment 2022-08-31 09724062 2021-09-01 2022-08-31 09724062 2022-08-31 09724062 core:CurrentFinancialInstruments 2022-08-31 09724062 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 09724062 core:OfficeEquipment 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 09724062

EDU Travel Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

EDU Travel Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

EDU Travel Limited

Company Information

Director

Mr Joseph White

Registered office

3 Cliftonwood Crescent
Bristol
Avon
BS8 4TU

Accountants

Stone & Co Chartered Accountants
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

 

EDU Travel Limited

(Registration number: 09724062)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

         

Fixed assets

   

Tangible assets

4

 

299

398

Current assets

   

Cash at bank and in hand

 

14,600

 

11

Creditors: Amounts falling due within one year

6

(83,053)

 

(67,419)

Net current liabilities

   

(68,453)

(67,408)

Net liabilities

   

(68,154)

(67,010)

Capital and reserves

   

Called up share capital

2

 

2

Profit and loss account

(68,156)

 

(67,012)

Total equity

   

(68,154)

(67,010)

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 18 April 2024
 

.........................................

Mr Joseph White
Director

 

EDU Travel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3 Cliftonwood Crescent
Bristol
Avon
BS8 4TU

These financial statements were authorised for issue by the director on 18 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

 

EDU Travel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

EDU Travel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 September 2022

2,512

2,512

At 31 August 2023

2,512

2,512

Depreciation

At 1 September 2022

2,114

2,114

Charge for the year

99

99

At 31 August 2023

2,213

2,213

Carrying amount

At 31 August 2023

299

299

At 31 August 2022

398

398

5

Debtors

2023
£

2022
£

-

-

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

480

480

Other creditors

82,573

66,939

83,053

67,419

7

Related party transactions

Summary of transactions with other related parties

During the year the director operated a loan account with the company. At the balance sheet date the company owed the director £82,573 (2022: £66,939).
 This loan is interest free and repayable on demand.