REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 October 2023 |
for |
South India Tours and Travel Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 October 2023 |
for |
South India Tours and Travel Limited |
South India Tours and Travel Limited (Registered number: 10845229) |
Contents of the Financial Statements |
for the Year Ended 31 October 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
South India Tours and Travel Limited |
Company Information |
for the Year Ended 31 October 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
13A Victoria Gardens |
Neath |
West Glamorgan |
SA11 3AY |
South India Tours and Travel Limited (Registered number: 10845229) |
Balance Sheet |
31 October 2023 |
31.10.23 | 31.10.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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 |
South India Tours and Travel Limited (Registered number: 10845229) |
Notes to the Financial Statements |
for the Year Ended 31 October 2023 |
1. | STATUTORY INFORMATION |
South India Tours and Travel Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Income is recognised on departure date of customers travel, at the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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. |
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. |
South India Tours and Travel Limited (Registered number: 10845229) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 November 2022 |
and 31 October 2023 |
DEPRECIATION |
At 1 November 2022 |
Charge for year |
At 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 October 2022 |
5. | DEBTORS |
31.10.23 | 31.10.22 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
Other Debtors | 107,232 | - |
VAT |
Deferred tax asset |
Prepayments |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
South India Tours and Travel Limited (Registered number: 10845229) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.23 | 31.10.22 |
£ | £ |
Amount owed to group |
undertakings | 156,564 | 90,963 |
Accruals and deferred income |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.10.23 | 31.10.22 |
£ | £ |
Preference shares | 81,000 | 81,000 |
Preference shareholders are entitled on the 9th March each year to a fixed non-cumulative dividend of 3% per annum applied to the nominal value of the shares.On winding up the shares will be entitled to a return of the nominal capital in advance of the Ordinary shares and a pro rata payment of the dividend for the period from the previous 9th March. The shares are redeemable at any time at the discretion of the directors. On redemption, the payment will be the return of the nominal capital and a pro rata payment of the dividend for the period from the previous 9th March. |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
9. | RELATED PARTY DISCLOSURES |
At the year end an amount of £156,564 (2022 £90,963) was owed to Tapestart Ltd. Tapestart Ltd acts as a clearing house for intercompany transactions between associated companies. |
10. | ULTIMATE CONTROLLING PARTY |
The company is controlled by Direct Tile Warehouse Limited by virtue of its 100% shareholding. |
11. | GOING CONCERN |
The accounts have been prepared on a going concern basis. With the support of Tapestart Ltd, an associated company under common control, the company will seek to repay its liabilities as soon as they fall due and return to a net assets position. Tapestart Ltd has agreed not to seek repayment within the 12 months following December 2023. |