Registered number
10330478
Global Travel Matters Ltd
Filleted Accounts
31 August 2024
Global Travel Matters Ltd
Registered number: 10330478
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,575 4,290
Current assets
Debtors 4 1,684 1,213
Cash at bank and in hand 50,890 40,515
52,574 41,728
Creditors: amounts falling due within one year 5 (22,448) (12,621)
Net current assets 30,126 29,107
Total assets less current liabilities 38,701 33,397
Creditors: amounts falling due after more than one year 6 (17,500) (27,500)
Net assets 21,201 5,897
Capital and reserves
Called up share capital 2,000 2,000
Profit and loss account 19,201 3,897
Shareholders' funds 21,201 5,897
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S D Tarbuck
Director
Approved by the board on 30 September 2024
Global Travel Matters Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 September 2023 17,529
Additions 8,874
Disposals (1,477)
At 31 August 2024 24,926
Depreciation
At 1 September 2023 13,239
Charge for the year 4,406
On disposals (1,294)
At 31 August 2024 16,351
Net book value
At 31 August 2024 8,575
At 31 August 2023 4,290
4 Debtors 2024 2023
£ £
Other debtors 1,684 1,213
5 Creditors: amounts falling due within one year 2024 2023
£ £
Directors loan 6,439 -
Taxation and social security costs 4,363 4,991
Other creditors 11,646 7,630
22,448 12,621
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 17,500 27,500
7 Controlling party
The company is controlled by the directors.
8 Other information
Global Travel Matters Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Central Court
25 Southampton Buildings
London
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