Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-12-01falseNo description of principal activity11falsetruefalse 13744688 2022-12-01 2023-11-30 13744688 2021-11-15 2022-11-30 13744688 2023-11-30 13744688 2022-11-30 13744688 c:Director1 2022-12-01 2023-11-30 13744688 d:OfficeEquipment 2022-12-01 2023-11-30 13744688 d:OfficeEquipment 2023-11-30 13744688 d:OfficeEquipment 2022-11-30 13744688 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 13744688 d:CurrentFinancialInstruments 2023-11-30 13744688 d:CurrentFinancialInstruments 2022-11-30 13744688 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 13744688 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 13744688 d:ShareCapital 2023-11-30 13744688 d:ShareCapital 2022-11-30 13744688 d:RetainedEarningsAccumulatedLosses 2023-11-30 13744688 d:RetainedEarningsAccumulatedLosses 2022-11-30 13744688 c:OrdinaryShareClass1 2022-12-01 2023-11-30 13744688 c:OrdinaryShareClass1 2023-11-30 13744688 c:FRS102 2022-12-01 2023-11-30 13744688 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13744688 c:FullAccounts 2022-12-01 2023-11-30 13744688 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13744688 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13744688









IQ GLOBAL TRAVEL LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
IQ GLOBAL TRAVEL LTD
REGISTERED NUMBER: 13744688

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023


2023

2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
422
844

  
422
844

Current assets
  

Debtors: amounts falling due within one year
 5 
118
-

Cash at bank and in hand
 6 
15
166

  
133
166

Creditors: amounts falling due within one year
 7 
(1,970)
(2,766)

Net current liabilities
  
 
 
(1,837)
 
 
(2,600)

  

Net liabilities
  
(1,415)
(1,756)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(1,416)
(1,757)

  
(1,415)
(1,756)


Page 1

 
IQ GLOBAL TRAVEL LTD
REGISTERED NUMBER: 13744688
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 August 2024.




M D A Chuter
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
IQ GLOBAL TRAVEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

IQ Global Travel Ltd is a company limited by shares incorporated in England and Wales. The address of the registered office is Barnes Roffe LLP, 3 Brook Business Centre, Cowley Mill Road, Cowley, Uxbridge, UB8 2FX.
The company specialises in travel agency activities.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on a going concern basis, despite the balance sheet showing net liabilities of £1,415 (2022 - £1,756). The director notes that the company is trading adequately and has sufficient working capital and other finance available to continue trading for a period of not less than 12 months from the date of approval of the Statement of financial position. As such, the director believes that there are no significant uncertainties in his assesment of whether the business is a going concern and therefore has prepared the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
IQ GLOBAL TRAVEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (period ended 30 November 2022 -1).

Page 4

 
IQ GLOBAL TRAVEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Office equipment

£



Cost


At 1 December 2022
1,266



At 30 November 2023

1,266



Depreciation


At 1 December 2022
422


Charge for the year 
422



At 30 November 2023

844



Net book value



At 30 November 2023
422



At 30 November 2022
844


5.


Debtors

2023
2022
£
£


Other debtors
118
-

118
-



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
15
166

15
166


Page 5

 
IQ GLOBAL TRAVEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
250
1,766

Accruals
1,720
1,000

1,970
2,766



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 Ordinary share of £1
1
1



9.


Transactions with directors

Included within other debtors, due within one year is an amount of £117 (2022 - £Nil) owed by the director of the company. The maximum outstanding balance during the year was £6,567.


10.


Related party transactions

Included within other creditors, due within one year is an amount of £Nil (2022 - £1,516) owed to the director of the company.


11.


Controlling party

The ultimate controlling party of the company is its director by virtue of his 100% shareholding.

 
Page 6