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REGISTERED NUMBER: 11154237 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2023

FOR

SHARMA TRAVEL CONSULTANTS LTD

SHARMA TRAVEL CONSULTANTS LTD (REGISTERED NUMBER: 11154237)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SHARMA TRAVEL CONSULTANTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Mr S Sharma





REGISTERED OFFICE: 5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 11154237 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

SHARMA TRAVEL CONSULTANTS LTD (REGISTERED NUMBER: 11154237)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,116 783
1,116 783

CURRENT ASSETS
Debtors 6 4,077 1,991
Cash at bank and in hand 4,397 1,053
8,474 3,044
CREDITORS
Amounts falling due within one year 7 49,483 28,627
NET CURRENT LIABILITIES (41,009 ) (25,583 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(39,893

)

(24,800

)

CREDITORS
Amounts falling due after more than one
year

8

23,091

25,328
NET LIABILITIES (62,984 ) (50,128 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (63,084 ) (50,228 )
SHAREHOLDERS' FUNDS (62,984 ) (50,128 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

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 23 September 2024 and were signed by:





Mr S Sharma - Director


SHARMA TRAVEL CONSULTANTS LTD (REGISTERED NUMBER: 11154237)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Sharma Travel Consultants Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise costs are amortised evenly over the three year term of the franchise agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.33% on cost and 25% on cost

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.

Government assisted loans
Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable

Grants receivable
Business grants are credited to profit and loss account on an accruals basis where it is probable that they will be received.

3. EMPLOYEES AND DIRECTORS

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

SHARMA TRAVEL CONSULTANTS LTD (REGISTERED NUMBER: 11154237)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2022
and 30 September 2023 10,995
AMORTISATION
At 1 October 2022
and 30 September 2023 10,995
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 2,858
Additions 1,041
Disposals (649 )
At 30 September 2023 3,250
DEPRECIATION
At 1 October 2022 2,075
Charge for year 708
Eliminated on disposal (649 )
At 30 September 2023 2,134
NET BOOK VALUE
At 30 September 2023 1,116
At 30 September 2022 783

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,120
Other debtors 4,077 871
4,077 1,991

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,800 6,800
Trade creditors 907 2,074
Amounts owed to group undertakings 9,377 -
Taxation and social security 481 144
Other creditors 31,918 19,609
49,483 28,627

SHARMA TRAVEL CONSULTANTS LTD (REGISTERED NUMBER: 11154237)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 23,091 25,328

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 11,728

9. RELATED PARTY DISCLOSURES

As at the year end date the company had a credit balance of £9,377 (2022: Nil) with parent company Sharma Dental Associates Limited.

10. ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate parent company is Sharma Dental Associates Limited a company incorporated in England and Wales.