Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Mr A Cookson 28/04/2016 16 October 2024 The principle activity of this client is the organisation of car tours around the United Kingdom and Europe. 10156481 2024-04-30 10156481 bus:Director1 2024-04-30 10156481 2023-04-30 10156481 core:CurrentFinancialInstruments 2024-04-30 10156481 core:CurrentFinancialInstruments 2023-04-30 10156481 core:ShareCapital 2024-04-30 10156481 core:ShareCapital 2023-04-30 10156481 core:RetainedEarningsAccumulatedLosses 2024-04-30 10156481 core:RetainedEarningsAccumulatedLosses 2023-04-30 10156481 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-04-30 10156481 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-04-30 10156481 core:FurnitureFittings 2023-04-30 10156481 core:FurnitureFittings 2024-04-30 10156481 bus:OrdinaryShareClass1 2024-04-30 10156481 bus:OrdinaryShareClass2 2024-04-30 10156481 2023-05-01 2024-04-30 10156481 bus:FilletedAccounts 2023-05-01 2024-04-30 10156481 bus:SmallEntities 2023-05-01 2024-04-30 10156481 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10156481 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10156481 bus:Director1 2023-05-01 2024-04-30 10156481 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2023-05-01 2024-04-30 10156481 core:FurnitureFittings core:TopRangeValue 2023-05-01 2024-04-30 10156481 2022-05-01 2023-04-30 10156481 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-05-01 2024-04-30 10156481 core:FurnitureFittings 2023-05-01 2024-04-30 10156481 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 10156481 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 10156481 bus:OrdinaryShareClass2 2023-05-01 2024-04-30 10156481 bus:OrdinaryShareClass2 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10156481 (England and Wales)

GT TOURZ LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

GT TOURZ LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

GT TOURZ LIMITED

BALANCE SHEET

As at 30 April 2024
GT TOURZ LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 2,066 3,127
Tangible assets 4 3,255 920
5,321 4,047
Current assets
Debtors 5 54,652 71,643
Cash at bank and in hand 60,660 5,850
115,312 77,493
Creditors: amounts falling due within one year 6 ( 104,932) ( 100,750)
Net current assets/(liabilities) 10,380 (23,257)
Total assets less current liabilities 15,701 (19,210)
Net assets/(liabilities) 15,701 ( 19,210)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 15,601 ( 19,310 )
Total shareholders' funds/(deficit) 15,701 ( 19,210)

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of GT Tourz Limited (registered number: 10156481) were approved and authorised for issue by the Director on 16 October 2024. They were signed on its behalf by:

Mr A Cookson
Director
GT TOURZ LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
GT TOURZ LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

GT Tourz Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Intangible assets

Website costs Total
£ £
Cost
At 01 May 2023 7,415 7,415
At 30 April 2024 7,415 7,415
Accumulated amortisation
At 01 May 2023 4,288 4,288
Charge for the financial year 1,061 1,061
At 30 April 2024 5,349 5,349
Net book value
At 30 April 2024 2,066 2,066
At 30 April 2023 3,127 3,127

4. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 May 2023 4,422 4,422
Additions 4,541 4,541
At 30 April 2024 8,963 8,963
Accumulated depreciation
At 01 May 2023 3,502 3,502
Charge for the financial year 2,206 2,206
At 30 April 2024 5,708 5,708
Net book value
At 30 April 2024 3,255 3,255
At 30 April 2023 920 920

5. Debtors

2024 2023
£ £
Trade debtors 4,450 0
Other debtors 50,202 71,643
54,652 71,643

6. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to director 2,208 0
Accruals and deferred income 99,803 99,750
Taxation and social security 2,921 0
Other creditors 0 1,000
104,932 100,750

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
50 Ordinary shares of £ 1.00 each (2023: 100 shares of £ 1.00 each) 50 100
50 Ordinary B shares of £ 1.00 each (2023: nil shares) 50 0
100 100

In the year, half of Ordinary shares were reclassified into B shares.