Acorah Software Products - Accounts Production 15.0.400 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10560200 Mr Abid Mahmood Mr Abid Mahmood true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10560200 2022-12-31 10560200 2023-12-31 10560200 2023-01-01 2023-12-31 10560200 frs-core:CurrentFinancialInstruments 2023-12-31 10560200 frs-core:Non-currentFinancialInstruments 2023-12-31 10560200 frs-core:ComputerEquipment 2023-12-31 10560200 frs-core:ComputerEquipment 2023-01-01 2023-12-31 10560200 frs-core:ComputerEquipment 2022-12-31 10560200 frs-core:FurnitureFittings 2023-12-31 10560200 frs-core:FurnitureFittings 2023-01-01 2023-12-31 10560200 frs-core:FurnitureFittings 2022-12-31 10560200 frs-core:ShareCapital 2023-12-31 10560200 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10560200 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10560200 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10560200 frs-bus:SmallEntities 2023-01-01 2023-12-31 10560200 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10560200 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10560200 1 2023-01-01 2023-12-31 10560200 frs-bus:Director1 2023-01-01 2023-12-31 10560200 frs-countries:EnglandWales 2023-01-01 2023-12-31 10560200 2021-12-31 10560200 2022-12-31 10560200 2022-01-01 2022-12-31 10560200 frs-core:CurrentFinancialInstruments 2022-12-31 10560200 frs-core:Non-currentFinancialInstruments 2022-12-31 10560200 frs-core:ShareCapital 2022-12-31 10560200 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10560200
Cheap Travel Shop LTD
Financial Statements
For The Year Ended 31 December 2023
Imran Watson Chartered Certified Accountants
FCCA
Listerhills Science Park
18 Campus Road
Bradford
West Yorkshire
BD7 1HR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10560200
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 707 944
707 944
CURRENT ASSETS
Debtors 5 56,282 58,268
Cash at bank and in hand 1,091 9,274
57,373 67,542
Creditors: Amounts Falling Due Within One Year 6 (5,998 ) (17,207 )
NET CURRENT ASSETS (LIABILITIES) 51,375 50,335
TOTAL ASSETS LESS CURRENT LIABILITIES 52,082 51,279
Creditors: Amounts Falling Due After More Than One Year 7 (39,977 ) (39,970 )
NET ASSETS 12,105 11,309
CAPITAL AND RESERVES
Called up share capital 8 15,000 15,000
Profit and Loss Account (2,895 ) (3,691 )
SHAREHOLDERS' FUNDS 12,105 11,309
Page 1
Page 2
For the year ending 31 December 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 Abid Mahmood
Director
10/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cheap Travel Shop LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10560200 . The registered office is 60 Plumstead High Street, London, SE18 1SL.
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Fixtures & Fittings 25% on reducing balance method
Computer Equipment 25% on reducing balance method
2.4. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 2)
3 2
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 1,524 1,818 3,342
As at 31 December 2023 1,524 1,818 3,342
Depreciation
As at 1 January 2023 1,226 1,172 2,398
Provided during the period 75 162 237
As at 31 December 2023 1,301 1,334 2,635
Net Book Value
As at 31 December 2023 223 484 707
As at 1 January 2023 298 646 944
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 54,366 57,870
VAT 286 398
Other taxes and social security 1,630 -
56,282 58,268
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 5,665 7,507
Bank loans and overdrafts 103 9,470
Corporation tax 230 230
5,998 17,207
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 39,977 39,970
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 15,000 15,000
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Abid Mahmood by virtue of his ownership of 100% of the issued share capital in the company.
Page 4