Registered number
10934020
TINAS TRAVEL DEALS LTD
Filleted Accounts
31 October 2022
TINAS TRAVEL DEALS LTD
Registered number: 10934020
Balance Sheet
as at 31 October 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 5,463 2,500
Current assets
Debtors 4 13,980 20,047
Cash at bank and in hand 46,169 21,770
60,149 41,817
Creditors: amounts falling due within one year 5 (59,608) (36,836)
Net current assets 541 4,981
Total assets less current liabilities 6,004 7,481
Provisions for liabilities (1,281) (475)
Net assets 4,723 7,006
Capital and reserves
Called up share capital 90 90
Profit and loss account 4,633 6,916
Shareholder's funds 4,723 7,006
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
0
Director
Approved by the board on 31 July 2024
TINAS TRAVEL DEALS LTD
Notes to the Accounts
for the year ended 31 October 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% on Reduced balance method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 3 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2021 4,189
Additions 3,927
At 31 October 2022 8,116
Depreciation
At 1 November 2021 1,689
Charge for the year 964
At 31 October 2022 2,653
Net book value
At 31 October 2022 5,463
At 31 October 2021 2,500
4 Debtors 2022 2021
£ £
Trade debtors 13,980 20,047
5 Creditors: amounts falling due within one year 2022 2021
£ £
Other creditors 6,089 8,154
Taxation and social security costs 40,403 26,011
Directors Account 13,116 2,671
59,608 36,836
6 Controlling party
The ultimate controlling party during the period: Tina Luke.Tina Luke holds 100% of the
share capital and is deemed the ultimate controlling party.
7 Other information
TINAS TRAVEL DEALS LTD is a private company limited by shares and incorporated in England. Its registered office is:
16 Front Street
Hetton-Le-Hole
Tyne And Wear
DH5 9PF
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