IRIS Accounts Production v24.1.9.2 07038677 Board of Directors Board of Directors 1.11.22 31.10.23 31.10.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070386772022-10-31070386772023-10-31070386772022-11-012023-10-31070386772021-10-31070386772021-11-012022-10-31070386772022-10-3107038677ns15:EnglandWales2022-11-012023-10-3107038677ns14:PoundSterling2022-11-012023-10-3107038677ns10:Director12022-11-012023-10-3107038677ns10:Director22022-11-012023-10-3107038677ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3107038677ns10:SmallEntities2022-11-012023-10-3107038677ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3107038677ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3107038677ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3107038677ns10:FullAccounts2022-11-012023-10-310703867712022-11-012023-10-3107038677ns10:RegisteredOffice2022-11-012023-10-3107038677ns5:CurrentFinancialInstruments2023-10-3107038677ns5:CurrentFinancialInstruments2022-10-3107038677ns5:Non-currentFinancialInstruments2023-10-3107038677ns5:Non-currentFinancialInstruments2022-10-3107038677ns5:ShareCapital2023-10-3107038677ns5:ShareCapital2022-10-3107038677ns5:RetainedEarningsAccumulatedLosses2023-10-3107038677ns5:RetainedEarningsAccumulatedLosses2022-10-3107038677ns5:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3107038677ns5:ComputerSoftware2022-11-012023-10-3107038677ns5:PlantMachinery2022-11-012023-10-3107038677ns5:FurnitureFittings2022-11-012023-10-3107038677ns5:MotorVehicles2022-11-012023-10-3107038677ns5:ComputerEquipment2022-11-012023-10-3107038677ns5:IntangibleAssetsOtherThanGoodwill2022-10-3107038677ns5:IntangibleAssetsOtherThanGoodwill2023-10-3107038677ns5:IntangibleAssetsOtherThanGoodwill2022-10-3107038677ns5:PlantMachinery2022-10-3107038677ns5:PlantMachinery2023-10-3107038677ns5:PlantMachinery2022-10-3107038677ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3107038677ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31
REGISTERED NUMBER: 07038677 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31st October 2023

for

The Travel Visa Company Limited

The Travel Visa Company Limited (Registered number: 07038677)






Contents of the Financial Statements
for the Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Travel Visa Company Limited

Company Information
for the Year Ended 31st October 2023







DIRECTORS: R J Ward
K Taylor





REGISTERED OFFICE: Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE





REGISTERED NUMBER: 07038677 (England and Wales)





ACCOUNTANTS: Sigma Partners
Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE

The Travel Visa Company Limited (Registered number: 07038677)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,583 3,852
3,583 3,852

CURRENT ASSETS
Debtors 6 31,494 27,109
Cash at bank 1,432 14,682
32,926 41,791
CREDITORS
Amounts falling due within one year 7 62,479 36,534
NET CURRENT (LIABILITIES)/ASSETS (29,553 ) 5,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,970

)

9,109

CREDITORS
Amounts falling due after more than one
year

8

39,749

43,215
NET LIABILITIES (65,719 ) (34,106 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (65,819 ) (34,206 )
SHAREHOLDERS' FUNDS (65,719 ) (34,106 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The Travel Visa Company Limited (Registered number: 07038677)

Balance Sheet - continued
31st October 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th July 2024 and were signed on its behalf by:




K Taylor - Director



R J Ward - Director


The Travel Visa Company Limited (Registered number: 07038677)

Notes to the Financial Statements
for the Year Ended 31st October 2023

1. STATUTORY INFORMATION

The Travel Visa Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


The Travel Visa Company Limited (Registered number: 07038677)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
Although the company has suffered another loss in the year, and there is an excess of liabilities over assets, the accounts are prepared on a going concern basis. The directors have confirmed that they will continue to provide financial support to the company and have agreed since the year end to subscribe for additional shares to broaden the capital base of the company. Post year end trading shows increasing turnover and the directors remain hopeful for a return to better trading conditions and a return to profitability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st November 2022
and 31st October 2023 10,395
AMORTISATION
At 1st November 2022
and 31st October 2023 10,395
NET BOOK VALUE
At 31st October 2023 -
At 31st October 2022 -

The Travel Visa Company Limited (Registered number: 07038677)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022 20,619
Additions 972
Disposals (61 )
At 31st October 2023 21,530
DEPRECIATION
At 1st November 2022 16,767
Charge for year 1,195
Eliminated on disposal (15 )
At 31st October 2023 17,947
NET BOOK VALUE
At 31st October 2023 3,583
At 31st October 2022 3,852

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,876 6,465
Amounts owed by associates 610 390
Other debtors 26,008 20,254
31,494 27,109

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,471 2,962
Trade creditors 3,733 1,006
Taxation and social security 19,555 10,498
Other creditors 33,720 22,068
62,479 36,534

The Travel Visa Company Limited (Registered number: 07038677)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 39,749 43,215

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,839 17,809