1 October 2023 v2024.53.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP009070452023-10-012024-09-30009070452024-09-30009070452023-09-3000907045core:WithinOneYear2024-09-3000907045core:WithinOneYear2023-09-3000907045core:ShareCapital2024-09-3000907045core:ShareCapital2023-09-3000907045core:RetainedEarningsAccumulatedLosses2024-09-3000907045core:RetainedEarningsAccumulatedLosses2023-09-3000907045bus:Director12023-10-012024-09-3000907045bus:RegisteredOffice2023-10-012024-09-3000907045core:FurnitureFittingsToolsEquipment2023-10-012024-09-3000907045core:OfficeEquipment2023-10-012024-09-30009070452022-10-012023-09-3000907045core:PlantMachinery2024-09-3000907045core:PlantMachinery2023-10-0100907045core:PlantMachinery2023-10-012024-09-3000907045core:PlantMachinery2023-09-300090704512023-10-012024-09-3000907045countries:EnglandWales2023-10-012024-09-3000907045bus:AuditExemptWithAccountantsReport2023-10-012024-09-3000907045bus:PrivateLimitedCompanyLtd2023-10-012024-09-3000907045bus:SmallEntities2023-10-012024-09-3000907045bus:FullAccounts2023-10-012024-09-30
Company registration number:
00907045
Grimsby Travel Agency Limited
Unaudited Filleted Financial Statements for the year ended
30 September 2024
Grimsby Travel Agency Limited
Statement of Financial Position
30 September 2024
20242023
Note££
Fixed assets    
Tangible assets 5
2,301
 
3,343
 
Current assets    
Debtors 6
5,153
 
4,738
 
Investments 7
126,354
 
116,904
 
Cash at bank and in hand
167,713
 
114,859
 
299,220
 
236,501
 
Creditors: amounts falling due within one year 8
(228,846
)
(179,311
)
Net current assets
70,374
 
57,190
 
Total assets less current liabilities 72,675   60,533  
Provisions for liabilities
(483
)
(670
)
Net assets
72,192
 
59,863
 
Capital and reserves    
Called up share capital
20,000
 
20,000
 
Profit and loss account
52,192
 
39,863
 
Shareholders funds
72,192
 
59,863
 
For the year ending
30 September 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
30 October 2024
, and are signed on behalf of the board by:
Mr S Shaw
Director
Company registration number:
00907045
Grimsby Travel Agency Limited
Notes to the Financial Statements
Year ended
30 September 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
4a South St.Marys Gate
,
Grimsby
,
DN31 1LN
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the commissions received during the year.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
15% reducing balance
Office equipment
33% straight line

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
4
(2023:
4.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 October 2023
and
30 September 2024
32,167
 
Depreciation  
At
1 October 2023
28,824
 
Charge
1,042
 
At
30 September 2024
29,866
 
Carrying amount  
At
30 September 2024
2,301
 
At 30 September 2023
3,343
 

6 Debtors

20242023
££
Trade debtors
1,305
 
1,371
 
Other debtors
3,848
 
3,367
 
5,153
 
4,738
 

7 Investments

20242023
££
Other current asset investments
126,354
 
116,904
 

8 Creditors: amounts falling due within one year

20242023
££
Trade creditors
131,084
 
101,932
 
Taxation and social security
29,390
 
20,288
 
Other creditors
68,372
 
57,091
 
228,846
 
179,311