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Registered Number: 11706690
England and Wales

 

 

 

OCCASION LUXURY TRAVEL LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 100,860    108,240 
100,860    108,240 
Current assets      
Cash at bank and in hand 325    995 
Net current assets 325    995 
 
Total assets less current liabilities 101,185    109,235 
Creditors: amount falling due after more than one year 4 (125,500)   (124,900)
Net assets (24,315)   (15,665)
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account (24,415)   (15,765)
Shareholders' funds (24,315)   (15,665)
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 31 August 2024 and were signed on its behalf by:


-------------------------------
Tauseef Hanif TALATI
Director
1
General Information
OCCASION LUXURY TRAVEL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11706690, registration address 10 Cameron Road , Ilford, Essex, IG3 8LA .

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 10 Straight Line
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 01 December 2022 123,000    123,000 
Additions  
Disposals  
At 30 November 2023 123,000    123,000 
Depreciation
At 01 December 2022 14,760    14,760 
Charge for year 7,380    7,380 
On disposals  
At 30 November 2023 22,140    22,140 
Net book values
Closing balance as at 30 November 2023 100,860    100,860 
Opening balance as at 01 December 2022 108,240    108,240 


4.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Accrued Expenses 2,600    2,000 
Other Creditors 62,000    62,000 
Directors' Loan Accounts 60,900    60,900 
125,500    124,900 

5.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

2