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Registration number: 14305184

Exposure Travel Ltd

Unaudited Filleted Financial Statements

for the Period from 18 August 2022 to 31 August 2023

 

Exposure Travel Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Exposure Travel Ltd

Company Information

Director

Mr Ian Daniel Richardson

Registered office

The Centre
Reading Road
Eversley Centre
Hampshire
RG27 0NB

Accountants

David Jones & Co 2018 Limited
Accountants
The Centre
Reading Road
Eversley Centre
Hampshire
RG27 0NB

 

Exposure Travel Ltd

(Registration number: 14305184)
Balance Sheet as at 31 August 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

12,976

Current assets

 

Debtors

5

7,771

Cash at bank and in hand

 

567

 

8,338

Creditors: Amounts falling due within one year

6

(14,814)

Net current liabilities

 

(6,476)

Net assets

 

6,500

Capital and reserves

 

Retained earnings

6,500

Shareholders' funds

 

6,500

For the financial period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 August 2024
 

.........................................
Mr Ian Daniel Richardson
Director

 

Exposure Travel Ltd

Notes to the Unaudited Financial Statements for the Period from 18 August 2022 to 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
The Centre
Reading Road
Eversley Centre
Hampshire
RG27 0NB

These financial statements were authorised for issue by the director on 2 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Exposure Travel Ltd

Notes to the Unaudited Financial Statements for the Period from 18 August 2022 to 31 August 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 3.

 

Exposure Travel Ltd

Notes to the Unaudited Financial Statements for the Period from 18 August 2022 to 31 August 2023

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

Additions

1,507

15,795

17,302

At 31 August 2023

1,507

15,795

17,302

Depreciation

Charge for the period

377

3,949

4,326

At 31 August 2023

377

3,949

4,326

Carrying amount

At 31 August 2023

1,130

11,846

12,976

5

Debtors

Current

2023
£

Trade debtors

(50)

Prepayments

(42)

Other debtors

7,863

 

7,771

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Loans and borrowings

8

9,810

Trade creditors

 

1,050

Taxation and social security

 

454

Accruals and deferred income

 

940

Other creditors

 

2,560

 

14,814

7

Share capital

Allotted, called up and fully paid shares

 

Exposure Travel Ltd

Notes to the Unaudited Financial Statements for the Period from 18 August 2022 to 31 August 2023

2023

No.

£

Ordinary £1 of £1 each

3

3

   

8

Loans and borrowings

Current loans and borrowings

2023
£

Other borrowings

9,810

9

Related party transactions

 

Exposure Travel Ltd

Notes to the Unaudited Financial Statements for the Period from 18 August 2022 to 31 August 2023

Director's remuneration

The director's remuneration for the period was as follows:

2023
£

Remuneration

11,700