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Company Registration No. 12625106 (England and Wales)
Visasmart Travel Solutions Ltd Unaudited accounts for the year ended 31 May 2024
Visasmart Travel Solutions Ltd Unaudited accounts Contents
Page
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Visasmart Travel Solutions Ltd Company Information for the year ended 31 May 2024
Directors
Michelle Burgess Shae Burgess
Company Number
12625106 (England and Wales)
Registered Office
Falcon House 19 Deer Park Road Wimbledon London SW19 3UX United Kingdom
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Visasmart Travel Solutions Ltd Accountants' report
Accountants' report to the board of directors of Visasmart Travel Solutions Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Visasmart Travel Solutions Ltd for the year ended 31 May 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Visasmart Travel Solutions Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Visasmart Travel Solutions Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Visasmart Travel Solutions Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Visasmart Travel Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Visasmart Travel Solutions Ltd. You consider that Visasmart Travel Solutions 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 accounts of Visasmart Travel Solutions 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 accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 1 July 2024
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Visasmart Travel Solutions Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
837 
944 
Current assets
Debtors
29,262 
- 
Cash at bank and in hand
9,496 
13,908 
38,758 
13,908 
Creditors: amounts falling due within one year
(11,748)
(5,791)
Net current assets
27,010 
8,117 
Net assets
27,847 
9,061 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
27,845 
9,059 
Shareholders' funds
27,847 
9,061 
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2024 and were signed on its behalf by
Michelle Burgess Director Company Registration No. 12625106
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Visasmart Travel Solutions Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Visasmart Travel Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 12625106. The registered office is Falcon House 19 Deer Park Road, Wimbledon, London, SW19 3UX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
550 
1,475 
2,025 
Additions
169 
- 
169 
At 31 May 2024
719 
1,475 
2,194 
Depreciation
At 1 June 2023
228 
853 
1,081 
Charge for the year
121 
155 
276 
At 31 May 2024
349 
1,008 
1,357 
Net book value
At 31 May 2024
370 
467 
837 
At 31 May 2023
322 
622 
944 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
29,262 
- 
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Visasmart Travel Solutions Ltd Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,387 
1,618 
Taxes and social security
4,432 
1,068 
Loans from directors
3,170 
2,398 
Accruals
759 
707 
11,748 
5,791 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Michelle Burgess
Director Loan Account
(156)
(4,772)
(4,000)
(928)
Shae Burgess
Director's Loan Account
(2,242)
- 
- 
(2,242)
(2,398)
(4,772)
(4,000)
(3,170)
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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