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REGISTERED NUMBER: 02029034 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Pound Savers Travel Limited

Pound Savers Travel Limited (Registered number: 02029034)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Pound Savers Travel Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: T Lean
Ms M A M Marlow-Lean





REGISTERED OFFICE: Britannia Court
5 Moor Street
Worcester
Worcestershire
WR1 3DB





REGISTERED NUMBER: 02029034 (England and Wales)





ACCOUNTANTS: Boyds Accountants
Britannia Court
5 Moor Street
Worcester
Worcestershire
WR1 3DB

Pound Savers Travel Limited (Registered number: 02029034)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 408 545

CURRENT ASSETS
Debtors 5 125,020 78,455
Prepayments and accrued income 1,091 722
Cash at bank and in hand 33,116 84,833
159,227 164,010
CREDITORS
Amounts falling due within one year 6 109,365 110,048
NET CURRENT ASSETS 49,862 53,962
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,270

54,507

CREDITORS
Amounts falling due after more than one
year

7

(20,167

)

(24,167

)

PROVISIONS FOR LIABILITIES (74 ) (99 )
NET ASSETS 30,029 30,241

CAPITAL AND RESERVES
Called up share capital 8 30,000 30,000
Retained earnings 9 29 241
SHAREHOLDERS' FUNDS 30,029 30,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Pound Savers Travel Limited (Registered number: 02029034)

Statement of Financial Position - continued
31 December 2023


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 Board of Directors and authorised for issue on 11 July 2024 and were signed on its behalf by:




T Lean - Director



Ms M A M Marlow-Lean - Director


Pound Savers Travel Limited (Registered number: 02029034)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Pound Savers 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
Turnover 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.
Computer equipment - 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Pound Savers Travel Limited (Registered number: 02029034)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 10,562
DEPRECIATION
At 1 January 2023 10,017
Charge for year 137
At 31 December 2023 10,154
NET BOOK VALUE
At 31 December 2023 408
At 31 December 2022 545

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 121,496 65,131
Directors' current accounts - 8,200
VAT 3,524 5,124
125,020 78,455

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 5,500 10,000
Trade creditors 93,730 92,161
Tax 8,549 6,011
Social security and other taxes (414 ) (375 )
Directors' current accounts 11 -
Accrued expenses 1,989 2,251
109,365 110,048

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 10,167 14,167
20,167 24,167

Pound Savers Travel Limited (Registered number: 02029034)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
30,000 Ordinary 1 30,000 30,000

9. RESERVES
Retained
earnings
£   

At 1 January 2023 241
Profit for the year 36,338
Dividends (36,550 )
At 31 December 2023 29

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director lends funds to the company interest free.