IRIS Accounts Production v24.1.0.578 09027868 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh090278682022-10-31090278682023-10-31090278682022-11-012023-10-31090278682021-10-31090278682021-11-012022-10-31090278682022-10-3109027868ns15:EnglandWales2022-11-012023-10-3109027868ns14:PoundSterling2022-11-012023-10-3109027868ns10:Director12022-11-012023-10-3109027868ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3109027868ns10:SmallEntities2022-11-012023-10-3109027868ns10:AuditExemptWithAccountantsReport2022-11-012023-10-3109027868ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3109027868ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3109027868ns10:FullAccounts2022-11-012023-10-3109027868ns10:OrdinaryShareClass12022-11-012023-10-3109027868ns10:OrdinaryShareClass22022-11-012023-10-3109027868ns10:OrdinaryShareClass112022-11-012023-10-31090278682ns10:OrdinaryShareClass22022-11-012023-10-3109027868ns10:Director22022-11-012023-10-3109027868ns10:CompanySecretary12022-11-012023-10-3109027868ns10:RegisteredOffice2022-11-012023-10-3109027868ns5:CurrentFinancialInstruments2023-10-3109027868ns5:CurrentFinancialInstruments2022-10-3109027868ns5:Non-currentFinancialInstruments2023-10-3109027868ns5:Non-currentFinancialInstruments2022-10-3109027868ns5:ShareCapital2023-10-3109027868ns5:ShareCapital2022-10-3109027868ns5:RetainedEarningsAccumulatedLosses2023-10-3109027868ns5:RetainedEarningsAccumulatedLosses2022-10-3109027868ns5:FurnitureFittings2022-11-012023-10-3109027868ns5:ComputerEquipment2022-11-012023-10-3109027868ns5:FurnitureFittings2022-10-3109027868ns5:ComputerEquipment2022-10-3109027868ns5:FurnitureFittings2023-10-3109027868ns5:ComputerEquipment2023-10-3109027868ns5:FurnitureFittings2022-10-3109027868ns5:ComputerEquipment2022-10-3109027868ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3109027868ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3109027868ns5:DeferredTaxation2022-10-3109027868ns5:DeferredTaxation2022-11-012023-10-3109027868ns5:DeferredTaxation2023-10-3109027868ns10:OrdinaryShareClass12023-10-3109027868ns10:OrdinaryShareClass22023-10-3109027868ns10:Director222022-10-3109027868ns10:Director222021-10-3109027868ns10:Director222022-11-012023-10-3109027868ns10:Director222021-11-012022-10-3109027868ns10:Director222023-10-3109027868ns10:Director222022-10-31
REGISTERED NUMBER: 09027868 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

GO ADVENTURES LTD

GO ADVENTURES LTD (REGISTERED NUMBER: 09027868)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

GO ADVENTURES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: G F Higgs
S Davutoglu





SECRETARY: S Davutoglu





REGISTERED OFFICE: Unit 1a Brewery Court
North Street
Bristol
BS3 1JS





REGISTERED NUMBER: 09027868 (England and Wales)





ACCOUNTANTS: Lawes & Co
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU

GO ADVENTURES LTD (REGISTERED NUMBER: 09027868)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,145 979

CURRENT ASSETS
Debtors 5 1,593,946 74,258
Cash at bank 28,394 150,631
1,622,340 224,889
CREDITORS
Amounts falling due within one year 6 761,146 148,126
NET CURRENT ASSETS 861,194 76,763
TOTAL ASSETS LESS CURRENT
LIABILITIES

872,339

77,742

CREDITORS
Amounts falling due after more than
one year

7

(32,739

)

(38,454

)

PROVISIONS FOR LIABILITIES 8 (2,786 ) (186 )
NET ASSETS 836,814 39,102

CAPITAL AND RESERVES
Called up share capital 9 30,000 100
Retained earnings 806,814 39,002
SHAREHOLDERS' FUNDS 836,814 39,102

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

GO ADVENTURES LTD (REGISTERED NUMBER: 09027868)

BALANCE SHEET - continued
31 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 31 July 2024 and were signed on its behalf by:





S Davutoglu - Director


GO ADVENTURES LTD (REGISTERED NUMBER: 09027868)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Go Adventures Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

GO ADVENTURES LTD (REGISTERED NUMBER: 09027868)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 - 8,157 8,157
Additions 6,562 9,746 16,308
At 31 October 2023 6,562 17,903 24,465
DEPRECIATION
At 1 November 2022 - 7,178 7,178
Charge for year 2,187 3,955 6,142
At 31 October 2023 2,187 11,133 13,320
NET BOOK VALUE
At 31 October 2023 4,375 6,770 11,145
At 31 October 2022 - 979 979

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 349,449 -
Other debtors 1,244,497 74,258
1,593,946 74,258

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 6,960 7,200
Trade creditors 73,690 2,122
Taxation and social security 235,150 29,207
Other creditors 445,346 109,597
761,146 148,126

GO ADVENTURES LTD (REGISTERED NUMBER: 09027868)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 32,739 38,454

8. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 2,786 186

Deferred
tax
£   
Balance at 1 November 2022 186
Provided during year 2,600
Balance at 31 October 2023 2,786

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
15,000 Ordinary A £1 15,000 100
15,000 Ordinary B 1 15,000 -
30,000 100

The following shares were allotted and fully paid for cash at par during the year:

14,900 Ordinary A shares of £1 each
15,000 Ordinary B shares of 1 each

GO ADVENTURES LTD (REGISTERED NUMBER: 09027868)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
G F Higgs
Balance outstanding at start of year (52,035 ) (12,702 )
Amounts advanced 1,193,020 32,083
Amounts repaid (64,873 ) (71,416 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,076,112 (52,035 )

11. RELATED PARTY DISCLOSURES

The directors maintain a loan account with the company and have a formal agreement in place for £300,000 (2022: £Nil) on which a fixed rate of interest at 2% is charged. The remainder of the loan is subject to the prevailing market rate.

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GO ADVENTURES LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Go Adventures Ltd for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Go Adventures Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Go Adventures Ltd and state those matters that we have agreed to state to the Board of Directors of Go Adventures Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Go Adventures Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Go Adventures Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Go Adventures Ltd. You consider that Go Adventures Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Go Adventures Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lawes & Co
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU


Date: .............................................