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Registered number: 14241717
Main Street Me Travel Ltd
Unaudited Financial Statements
For the Period 1 January 2024 to 31 August 2024
Moyola House, 31 Hawthorn Grove
York
YO31 7YA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14241717
31 August 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 7,500
Tangible Assets 5 - 271
- 7,771
CURRENT ASSETS
Debtors 6 - 252
Cash at bank and in hand - 2,649
- 2,901
Creditors: Amounts Falling Due Within One Year 7 (12,543 ) (16,791 )
NET CURRENT ASSETS (LIABILITIES) (12,543 ) (13,890 )
TOTAL ASSETS LESS CURRENT LIABILITIES (12,543 ) (6,119 )
NET LIABILITIES (12,543 ) (6,119 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (12,544 ) (6,120 )
SHAREHOLDERS' FUNDS (12,543) (6,119)
Page 1
Page 2
For the period ending 31 August 2024 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 her 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
Mrs E J Gibson
Director
21st October 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
Main Street Me Travel Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14241717 . The registered office is 14 Beverley Road, South Cave, Brough, East Yorkshire, HU15 2AU.
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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from 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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. 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:
Computer Equipment 33.33% Straight Line Method
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2023: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 7,500
Disposals (7,500)
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 -
As at 1 January 2024 7,500
Page 3
Page 4
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 541
Disposals (541 )
Depreciation
As at 1 January 2024 270
Disposals (270 )
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 -
As at 1 January 2024 271
6. Debtors
31 August 2024 31 December 2023
£ £
Due within one year
Prepayments and accrued income - 188
VAT - 64
- 252
7. Creditors: Amounts Falling Due Within One Year
31 August 2024 31 December 2023
£ £
Accruals and deferred income 400 400
Director's loan account 12,143 16,391
12,543 16,791
8. Share Capital
31 August 2024 31 December 2023
£ £
Allotted, Called up and fully paid 1 1
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