Acorah Software Products - Accounts Production 14.6.300 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 07854034 Mr SATPAL BAINS iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07854034 2022-11-30 07854034 2023-11-30 07854034 2022-12-01 2023-11-30 07854034 frs-core:Non-currentFinancialInstruments 2023-11-30 07854034 frs-core:BetweenOneFiveYears 2023-11-30 07854034 frs-core:ComputerEquipment 2022-12-01 2023-11-30 07854034 frs-core:FurnitureFittings 2022-12-01 2023-11-30 07854034 frs-core:MotorVehicles 2022-12-01 2023-11-30 07854034 frs-core:PlantMachinery 2022-12-01 2023-11-30 07854034 frs-core:ShareCapital 2023-11-30 07854034 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 07854034 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07854034 frs-bus:AbridgedAccounts 2022-12-01 2023-11-30 07854034 frs-bus:SmallEntities 2022-12-01 2023-11-30 07854034 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 07854034 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 07854034 frs-bus:Director1 2022-12-01 2023-11-30 07854034 frs-countries:EnglandWales 2022-12-01 2023-11-30 07854034 2021-11-30 07854034 2022-11-30 07854034 2021-12-01 2022-11-30 07854034 frs-core:Non-currentFinancialInstruments 2022-11-30 07854034 frs-core:BetweenOneFiveYears 2022-11-30 07854034 frs-core:ShareCapital 2022-11-30 07854034 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 07854034
Assist Travel Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 07854034
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 428,504 226,497
428,504 226,497
CURRENT ASSETS
Debtors 94,307 237,658
Cash at bank and in hand 98,596 299,682
192,903 537,340
Creditors: Amounts Falling Due Within One Year (11,846 ) (311,736 )
NET CURRENT ASSETS (LIABILITIES) 181,057 225,604
TOTAL ASSETS LESS CURRENT LIABILITIES 609,561 452,101
Creditors: Amounts Falling Due After More Than One Year (303,217 ) (15,130 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,064 ) (3,064 )
NET ASSETS 303,280 433,907
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account 303,278 433,905
SHAREHOLDERS' FUNDS 303,280 433,907
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr SATPAL BAINS
Director
28/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Assist Travel Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07854034 . The registered office is 16 CHURCH LANE, HANDSWORTH WOOD, BIRMINGHAM, B20 2EP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25
Motor Vehicles 25
Fixtures & Fittings 15
Computer Equipment 25
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
Page 3
Page 4
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 3)
4 3
4. Tangible Assets
Total
£
Cost
As at 1 December 2022 517,359
Additions 344,899
As at 30 November 2023 862,258
Depreciation
As at 1 December 2022 290,862
Provided during the period 142,892
As at 30 November 2023 433,754
Net Book Value
As at 30 November 2023 428,504
As at 1 December 2022 226,497
Page 4
Page 5
5. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 228,828 -
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 5