1 January 2023 v2024.39.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP036318702023-01-012023-12-31036318702023-12-31036318702022-12-3103631870core:WithinOneYear2023-12-3103631870core:WithinOneYear2022-12-3103631870core:AfterOneYear2023-12-3103631870core:AfterOneYear2022-12-3103631870core:ShareCapital2023-12-3103631870core:ShareCapital2022-12-3103631870core:RetainedEarningsAccumulatedLosses2023-12-3103631870core:RetainedEarningsAccumulatedLosses2022-12-3103631870bus:Director12023-01-012023-12-3103631870bus:RegisteredOffice2023-01-012023-12-3103631870core:OfficeEquipment2023-01-012023-12-31036318702022-01-012022-12-3103631870core:PlantMachinery2023-12-310363187012023-01-012023-12-3103631870countries:EnglandWales2023-01-012023-12-3103631870bus:AuditExemptWithAccountantsReport2023-01-012023-12-3103631870bus:PrivateLimitedCompanyLtd2023-01-012023-12-3103631870bus:SmallEntities2023-01-012023-12-3103631870bus:FullAccounts2023-01-012023-12-31
Company registration number:
03631870
Travel One Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2023
BRIAN PAUL LIMITED
Chartered Accountants
Chase Green House, 42 Chase Side, Enfield, Middlesex, EN2 6NF, United Kingdom
Travel One Limited
Statement of Financial Position
31 December 2023
20232022
Note££
Current assets    
Debtors 6
852,641
 
880,832
 
Cash at bank and in hand
126,058
 
31,966
 
978,699
 
912,798
 
Creditors: amounts falling due within one year 7
(130,355
)
(64,069
)
Net current assets
848,344
 
848,729
 
Total assets less current liabilities 848,344   848,729  
Creditors: amounts falling due after more than one year 8
(108,250
)
(123,250
)
Net assets
740,094
 
725,479
 
Capital and reserves    
Called up share capital
130,000
 
130,000
 
Profit and loss account
610,094
 
595,479
 
Shareholders funds
740,094
 
725,479
 
For the year ending
31 December 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 financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
27 August 2024
, and are signed on behalf of the board by:
Mr F C Deniz
Director
Company registration number:
03631870
Travel One Limited
Notes to the Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The registered office and business address is
Sunshine House
,
7 Cutler Street
,
London
,
E1 7DJ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Income is recognised on the date of departure.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. .

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the report date, with any gains and losses being taken to profit or loss.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2022:
2.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2023
and
31 December 2023
2,044
 
Depreciation  
At
1 January 2023
and
31 December 2023
2,044
 
Carrying amount  
At
31 December 2023
-  
At 31 December 2022 -  

6 Debtors

20232022
££
Other debtors
852,641
 
880,832
 

7 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
15,000
 
15,000
 
Trade creditors
88,907
 
12,384
 
Taxation and social security
8
  -  
Other creditors
26,440
 
36,685
 
130,355
 
64,069
 

8 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
21,250
 
36,250
 
Other creditors
87,000
 
87,000
 
108,250
 
123,250
 
Other creditors is a director's loan which has been subordinated in favour of the CAA and cannot be repaid without the CAA's prior written consent. The director has waived the right to charge any interest on this loan.

10 Controlling party

The controlling party is F C Deniz by virtue of his majority shareholding in the company.