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REGISTERED NUMBER: 06886162 (England and Wales)















Financial Statements for the Year Ended 30th April 2024

for

Takhar Travel Limited

Takhar Travel Limited (Registered number: 06886162)

Contents of the Financial Statements
for the Year Ended 30th April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Takhar Travel Limited

Company Information
for the Year Ended 30th April 2024







DIRECTOR: R Takhar



SECRETARY:



REGISTERED OFFICE: 2 High Street
Smethwick
Birmingham
West Midlands
B66 1DX



REGISTERED NUMBER: 06886162 (England and Wales)



ACCOUNTANT: A K & Co Accountants
732 Walsall Road
Great Barr
Birmingham
West Midlands
B42 1EX



BANKERS: NatWest Bank Plc
Smethwick
Birmingham
West Midlands
B66 1DX

Takhar Travel Limited (Registered number: 06886162)

Balance Sheet
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 18,329 6,671
18,329 6,671

CURRENT ASSETS
Debtors 5 3,200 6,887
Cash at bank and in hand 376,674 226,566
379,874 233,453
CREDITORS
Amounts falling due within one year 6 227,821 102,104
NET CURRENT ASSETS 152,053 131,349
TOTAL ASSETS LESS CURRENT LIABILITIES 170,382 138,020

CREDITORS
Amounts falling due after more than one
year

7

22,377

31,821

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 148,003 106,197
SHAREHOLDERS' FUNDS 148,005 106,199
170,382 138,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Takhar Travel Limited (Registered number: 06886162)

Balance Sheet - continued
30th April 2024


The 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.

The financial statements were approved by the director and authorised for issue on 11th June 2024 and were signed by:





R Takhar - Director


Takhar Travel Limited (Registered number: 06886162)

Notes to the Financial Statements
for the Year Ended 30th April 2024


1. STATUTORY INFORMATION

Takhar Travel Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor Vehicle 25% pa on reducing balance
Plant and machinery 15% pa on reducing balance
Fixtures and fittings 15& pa on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

Takhar Travel Limited (Registered number: 06886162)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st May 2023 18,554 2,959 - 21,513
Additions 5,156 - 9,700 14,856
At 30th April 2024 23,710 2,959 9,700 36,369
DEPRECIATION
At 1st May 2023 11,885 2,957 - 14,842
Charge for year 773 - 2,425 3,198
At 30th April 2024 12,658 2,957 2,425 18,040
NET BOOK VALUE
At 30th April 2024 11,052 2 7,275 18,329
At 30th April 2023 6,669 2 - 6,671

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors - 5,445
VAT Receivable 3,200 1,442
3,200 6,887

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 205,790 76,789
Tax 7,040 10,324
Directors' current accounts 13,441 13,441
Accrued expenses 1,550 1,550
227,821 102,104

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Other loans - 1-2 years 22,377 31,821

Takhar Travel Limited (Registered number: 06886162)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
2 Ordinary Share Capital £1 2 2

9. RESERVES
Retained
earnings
£   

At 1st May 2023 106,197
Profit for the year 41,806
At 30th April 2024 148,003