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REGISTERED NUMBER: 11820481 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TRAVISS & CO LTD

TRAVISS & CO LTD (REGISTERED NUMBER: 11820481)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRAVISS & CO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2024







DIRECTORS: Mrs N E Roberts
Mrs LC Traviss
Mrs S M Moorey





REGISTERED OFFICE: Newtown House
38 Newtown Road
Liphook
United Kingdom
GU30 7DX





REGISTERED NUMBER: 11820481 (England and Wales)






TRAVISS & CO LTD (REGISTERED NUMBER: 11820481)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 300,000 320,000
Tangible assets 5 7,372 8,248
307,372 328,248

CURRENT ASSETS
Stocks 46,495 45,372
Debtors 6 106,839 145,158
Cash at bank and in hand 146,724 163,374
300,058 353,904
CREDITORS
Amounts falling due within one year 7 151,424 211,431
NET CURRENT ASSETS 148,634 142,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

456,006

470,721

CREDITORS
Amounts falling due after more than one
year

8

11,667

21,667
NET ASSETS 444,339 449,054

CAPITAL AND RESERVES
Called up share capital 210,000 210,000
Retained earnings 234,339 239,054
444,339 449,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

TRAVISS & CO LTD (REGISTERED NUMBER: 11820481)

BALANCE SHEET - continued
31 March 2024


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 22 October 2024 and were signed on its behalf by:





Mrs LC Traviss - Director


TRAVISS & CO LTD (REGISTERED NUMBER: 11820481)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024


1. STATUTORY INFORMATION

Traviss & Co 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.

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 represents amounts receivable to provide professional services when measured at the fair value of the right to consideration, including expenses and disbursements,but excluding VAT adjusted for opening and closing work in progress.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 50% on cost

Work in progress
Work in progress is the amount of recorded time at billable rates at the year end.

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 balance sheet date.


TRAVISS & CO LTD (REGISTERED NUMBER: 11820481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 400,000
AMORTISATION
At 1 April 2023 80,000
Amortisation for year 20,000
At 31 March 2024 100,000
NET BOOK VALUE
At 31 March 2024 300,000
At 31 March 2023 320,000

TRAVISS & CO LTD (REGISTERED NUMBER: 11820481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 15,744 1,995 17,739
Additions - 3,370 3,370
Disposals - (1,995 ) (1,995 )
At 31 March 2024 15,744 3,370 19,114
DEPRECIATION
At 1 April 2023 8,909 582 9,491
Charge for year 1,709 1,124 2,833
Eliminated on disposal - (582 ) (582 )
At 31 March 2024 10,618 1,124 11,742
NET BOOK VALUE
At 31 March 2024 5,126 2,246 7,372
At 31 March 2023 6,835 1,413 8,248

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 84,448 97,281
Other debtors 22,391 47,877
106,839 145,158

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 18,860 41,120
Taxation and social security 71,992 81,496
Other creditors 50,572 78,815
151,424 211,431

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,667 21,667