Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 10465406 Mr Glenn Osborne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10465406 2022-11-30 10465406 2023-11-30 10465406 2022-12-01 2023-11-30 10465406 frs-core:CurrentFinancialInstruments 2023-11-30 10465406 frs-core:Non-currentFinancialInstruments 2023-11-30 10465406 frs-core:ComputerEquipment 2023-11-30 10465406 frs-core:ComputerEquipment 2022-12-01 2023-11-30 10465406 frs-core:ComputerEquipment 2022-11-30 10465406 frs-core:FurnitureFittings 2023-11-30 10465406 frs-core:FurnitureFittings 2022-12-01 2023-11-30 10465406 frs-core:FurnitureFittings 2022-11-30 10465406 frs-core:MotorVehicles 2023-11-30 10465406 frs-core:MotorVehicles 2022-12-01 2023-11-30 10465406 frs-core:MotorVehicles 2022-11-30 10465406 frs-core:ShareCapital 2023-11-30 10465406 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10465406 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10465406 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 10465406 frs-bus:SmallEntities 2022-12-01 2023-11-30 10465406 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10465406 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10465406 frs-bus:Director1 2022-12-01 2023-11-30 10465406 frs-countries:EnglandWales 2022-12-01 2023-11-30 10465406 2021-11-30 10465406 2022-11-30 10465406 2021-12-01 2022-11-30 10465406 frs-core:CurrentFinancialInstruments 2022-11-30 10465406 frs-core:Non-currentFinancialInstruments 2022-11-30 10465406 frs-core:ShareCapital 2022-11-30 10465406 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 10465406
Go Tours Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10465406
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 311,254 113,908
311,254 113,908
CURRENT ASSETS
Debtors 5 199,110 122,964
Cash at bank and in hand 779,266 301,831
978,376 424,795
Creditors: Amounts Falling Due Within One Year 6 (464,461 ) (264,773 )
NET CURRENT ASSETS (LIABILITIES) 513,915 160,022
TOTAL ASSETS LESS CURRENT LIABILITIES 825,169 273,930
Creditors: Amounts Falling Due After More Than One Year 7 (123,971 ) (60,229 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (77,814 ) (21,643 )
NET ASSETS 623,384 192,058
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 623,383 192,057
SHAREHOLDERS' FUNDS 623,384 192,058
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For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Glenn Osborne
Director
11 September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Go Tours Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10465406 . The registered office is Suite 955, Old Brompton Road, South Kensington, London, SW7 3SS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% on reducing balance
Equipment 25% on reducing balance
Office Equipment 33% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Motor Vehicles Equipment Office Equipment Total
£ £ £ £
Cost
As at 1 December 2022 188,000 321 1,578 189,899
Additions 240,890 - - 240,890
As at 30 November 2023 428,890 321 1,578 430,789
Depreciation
As at 1 December 2022 74,835 235 921 75,991
Provided during the period 43,219 22 303 43,544
As at 30 November 2023 118,054 257 1,224 119,535
...CONTINUED
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Net Book Value
As at 30 November 2023 310,836 64 354 311,254
As at 1 December 2022 113,165 86 657 113,908
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 116,122 48,949
Amounts recoverable on contracts 62,201 50,697
Prepayments and accrued income 1,900 954
Other debtors 18,887 22,364
199,110 122,964
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 73,257 28,708
Trade creditors 15,189 4,148
Bank loans and overdrafts 10,000 10,000
Corporation tax 99,235 35,896
Social security & other taxes 31 -
Other creditors 4,637 23,153
Accruals & deferred income 174,024 92,079
Director's loan account 88,088 70,789
464,461 264,773
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 103,971 30,229
Bank loans 20,000 30,000
123,971 60,229
8. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 177,228 58,937
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
10. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £42 (2022: £Nil) were due to the fund. They are included in Other Creditors.
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