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REGISTERED NUMBER: 06237868 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 March 2024

for

Travelling Man Limited

Travelling Man Limited (Registered number: 06237868)






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


Travelling Man Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M N Homsi
S Emmott
S Campey
M J Taylor
A J Copping





REGISTERED OFFICE: Unit 3
Emmanuel Trading Estate
Leeds
West Yorkshire
LS12 1AT





REGISTERED NUMBER: 06237868 (England and Wales)





ACCOUNTANTS: Equate Limited
Chartered Certified Accountants
The Hive
142 Thornes Lane
Wakefield
West Yorkshire
WF2 7RE

Travelling Man Limited (Registered number: 06237868)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,456 40,937
Investments 5 51 51
32,507 40,988

CURRENT ASSETS
Stocks 1,206,220 1,045,400
Debtors 6 127,301 107,861
Cash at bank and in hand 217,972 131,046
1,551,493 1,284,307
CREDITORS
Amounts falling due within one year 7 1,442,738 1,107,097
NET CURRENT ASSETS 108,755 177,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,262

218,198

CREDITORS
Amounts falling due after more than one year 8 (71,810 ) (165,317 )

PROVISIONS FOR LIABILITIES (1,575 ) (1,043 )
NET ASSETS 67,877 51,838

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 66,877 50,838
SHAREHOLDERS' FUNDS 67,877 51,838

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.

Travelling Man Limited (Registered number: 06237868)

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 27 June 2024 and were signed on its behalf by:





M N Homsi - Director


Travelling Man Limited (Registered number: 06237868)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Travelling Man Limited 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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

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.

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.

Travelling Man Limited (Registered number: 06237868)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 43 (2023 - 39 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 92,881 10,137 11,103 114,121
Additions - 1,267 1,720 2,987
At 31 March 2024 92,881 11,404 12,823 117,108
DEPRECIATION
At 1 April 2023 57,434 5,913 9,837 73,184
Charge for year 9,288 824 1,356 11,468
At 31 March 2024 66,722 6,737 11,193 84,652
NET BOOK VALUE
At 31 March 2024 26,159 4,667 1,630 32,456
At 31 March 2023 35,447 4,224 1,266 40,937

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 51
NET BOOK VALUE
At 31 March 2024 51
At 31 March 2023 51

Travelling Man Limited (Registered number: 06237868)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,136 -
Other debtors 345 3,945
Directors' current accounts 16,310 -
Prepayments and accrued income 109,510 103,916
127,301 107,861

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 9) 155,414 361,621
Other loans (see note 9) 319,833 -
Trade creditors 519,349 375,144
Amounts owed to group undertakings 85,478 51,056
Tax 41,912 12,323
Social security and other taxes 35,227 21,380
VAT 27,241 33,375
Other creditors 246,918 235,123
Directors' current accounts - 1,471
Accruals and deferred income 11,366 15,604
1,442,738 1,107,097

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 9) 71,810 165,317

9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 155,414 361,621
Other loans 319,833 -
475,247 361,621

Amounts falling due between one and two years:
Bank loans - 1-2 years 70,066 93,314

Travelling Man Limited (Registered number: 06237868)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. LOANS - continued
31.3.24 31.3.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 1,744 72,003

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year - 187,015
Between one and five years - 502,991
- 690,006

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M N Homsi.