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Registered number: 12889098

Now Lets Travel Retail Limited

ACCOUNTS
FOR THE YEAR ENDED 31/08/2023


Now Lets Travel Retail Limited

Registered number: 12889098
Prepared By:
Stuart Armstrong & Co Ltd
Accountants and taxation consultants
5 Fisher Street
Carlisle
Cumbria
CA3 8RR

Now Lets Travel Retail Limited

ACCOUNTS
FOR THE YEAR ENDED 31/08/2023
DIRECTORS
Paul Ronald Johnstone
Donna Catherine Johnstone
REGISTERED OFFICE
Unit 72T North East Business Innovation
Wearfield
Sunderland
SR5 2TA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12889098
ACCOUNTANTS
Stuart Armstrong & Co Ltd
Accountants and taxation consultants
5 Fisher Street
Carlisle
Cumbria
CA3 8RR

Now Lets Travel Retail Limited

ACCOUNTS
FOR THEYEARENDED31/08/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet4
Notes To The Accounts6
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Now Lets Travel Retail Limited

BALANCE SHEET AT 31/08/2023
20232022
Notes££
FIXED ASSETS
Tangible assets321,97824,516
CURRENT ASSETS
Stock108,000-
Debtors5100,25585,026
Cash at bank and in hand176,46736,456
384,722121,482
CREDITORS: Amounts falling due within one year6452,632240,423
NET CURRENT LIABILITIES(67,910)(118,941)
TOTAL ASSETS LESS CURRENT LIABILITIES(45,932)(94,425)
CAPITAL AND RESERVES
Called up share capital7101101
Profit and loss account(46,033)(94,526)
SHAREHOLDERS' FUNDS(45,932)(94,425)

Now Lets Travel Retail Limited

BALANCE SHEET AT 31/08/2023
For the year ending 31/08/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25/07/2024 and signed on their behalf by
.............................
Paul Ronald Johnstone
Director

Now Lets Travel Retail Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/08/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesreducing balance 15%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Now Lets Travel Retail Limited

1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees3124
3. TANGIBLE FIXED ASSETS
Short Leasehold
PropertiesEquipmentTotal
£££
Cost
At 01/09/202220,63010,01330,643
Additions-2,4502,450
At 31/08/202320,63012,46333,093
Depreciation
At 01/09/20223,0953,0326,127
For the year2,6302,3584,988
At 31/08/20235,7255,39011,115
Net Book Amounts
At 31/08/202314,9057,07321,978
At 31/08/202217,5356,98124,516

Now Lets Travel Retail Limited

4. STOCK 20232022
££
Stock comprises:
Work in progress108,000-
108,000-
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors93,61277,092
Prepayments6,6435,321
Directors current account-2,613
100,25585,026

Now Lets Travel Retail Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
VAT62,44240,021
PAYE control3,10111,593
Loans - Now Lets Travel Ltd368,420169,485
Credit card-474
Trade creditors17,72417,525
Accruals9451,325
452,632240,423
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
1 A Ordinary shares of £1 each11
101101
New shares issued during period:
100 Ordinary shares of £1 each100
1 A Ordinary shares of £1 each1