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Registered number: 08335174
Igo Tours Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
C&H Stedman
Noble House Eaton Road
Hemel Hempstead
Hertfordshire
HP2 7UB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08335174
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 492,938 325,369
492,938 325,369
CURRENT ASSETS
Debtors 5 67,995 49,668
Cash at bank and in hand 204,216 85,746
272,211 135,414
Creditors: Amounts Falling Due Within One Year 6 (218,896 ) (152,803 )
NET CURRENT ASSETS (LIABILITIES) 53,315 (17,389 )
TOTAL ASSETS LESS CURRENT LIABILITIES 546,253 307,980
Creditors: Amounts Falling Due After More Than One Year 7 (228,378 ) (171,552 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (123,235 ) -
NET ASSETS 194,640 136,428
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 194,540 136,328
SHAREHOLDERS' FUNDS 194,640 136,428
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 Michal Zezula
Director
18 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Igo Tours Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08335174 . The registered office is 3a Moorhall Road, Harefield, Uxbridge, UB9 6PE.
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:
Plant & Machinery 20% Straight Line
Motor Vehicles 15% Written down value
Fixtures & Fittings 20% Straight Line
Computer Equipment 20% Straight Line
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. 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 years 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 assets reflect 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.
3. Average Number of Employees
The average number of employees during the year was 5 (2022: 2)
5 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 - 603,275 1,706 1,650 606,631
Additions 2,623 215,800 822 9,710 228,955
As at 31 December 2023 2,623 819,075 2,528 11,360 835,586
Depreciation
As at 1 January 2023 - 278,728 1,274 1,260 281,262
Provided during the period 371 59,305 505 1,205 61,386
As at 31 December 2023 371 338,033 1,779 2,465 342,648
Net Book Value
As at 31 December 2023 2,252 481,042 749 8,895 492,938
As at 1 January 2023 - 324,547 432 390 325,369
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 17,320 15,915
Other debtors 50,675 33,753
67,995 49,668
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 138,999 136,831
Trade creditors 10,377 2,889
Other creditors 61,553 8,139
Taxation and social security 7,967 4,944
218,896 152,803
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 225,536 171,552
Other creditors 2,842 -
228,378 171,552
Page 4
Page 5
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 138,999 136,831
Later than one year and not later than five years 225,536 171,552
364,535 308,383
364,535 308,383
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5