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REGISTERED NUMBER: 06118478 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

TRAVELBEE LIMITED

TRAVELBEE LIMITED (REGISTERED NUMBER: 06118478)






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


TRAVELBEE LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Ms C S Marshall





SECRETARY:





REGISTERED OFFICE: Suite F18 Pure Offices
Waterwells Business Park
Kestrel Court Waterwells Dr
Quedgeley
Gloucestershire
GL2 2AT





REGISTERED NUMBER: 06118478 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

TRAVELBEE LIMITED (REGISTERED NUMBER: 06118478)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 919 -
919 -

CURRENT ASSETS
Debtors 6 852,198 551,730
Cash at bank 519,614 380,076
1,371,812 931,806
CREDITORS
Amounts falling due within one year 7 1,093,434 503,827
NET CURRENT ASSETS 278,378 427,979
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,297

427,979

CREDITORS
Amounts falling due after more than one
year

8

-

76,818
NET ASSETS 279,297 351,161

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 10 249,297 321,161
279,297 351,161

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 director acknowledges her 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.

TRAVELBEE LIMITED (REGISTERED NUMBER: 06118478)

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 director and authorised for issue on 4 July 2024 and were signed by:





Ms C S Marshall - Director


TRAVELBEE LIMITED (REGISTERED NUMBER: 06118478)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Travelbee 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.

The financial statements have been prepared in accordance with ATOL and UK GAAP with recognition in the profit and loss account based on the accruals concept and specifically cut-off for trading activity based on date of travel (DOT). Consequently, sales and associated costs of sales in respect of bookings taken at the balance sheet date of 31st March 2024 with a DOT greater than this date, have been disclosed as deferred sales and deferred cost of sales in the balance sheet (see notes 7 and 8). Correspondingly, trade debtors and trade creditors in respect of these deferred sales and deferred cost of sales have also been disclosed in the balance sheet as at 31st March 2024.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

As detailed within Basis of preparing the financial statements turnover is recognised on a date of travel basis. All income with a date of travel within the company's financial year is recognised in full.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 20% straight line
Computer equipment - 20% straight line

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical costs includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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 and loans.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments/receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised costs using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.


TRAVELBEE LIMITED (REGISTERED NUMBER: 06118478)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises of current 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 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.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 pension contributions made during the year are charged to the profit and loss account. The contributions are to pension funds held outside the company and include contributions made on behalf of the director.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 23,100
AMORTISATION
At 1 April 2023
and 31 March 2024 23,100
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

TRAVELBEE LIMITED (REGISTERED NUMBER: 06118478)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 1,068 21,601 22,669
Additions - 1,148 1,148
At 31 March 2024 1,068 22,749 23,817
DEPRECIATION
At 1 April 2023 1,068 21,601 22,669
Charge for year - 229 229
At 31 March 2024 1,068 21,830 22,898
NET BOOK VALUE
At 31 March 2024 - 919 919
At 31 March 2023 - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 603,305 248,525
Other debtors 10,906 106,295
Deferred tax asset - 25
Prepayments and deferred COS 237,987 196,885
852,198 551,730

Deferred COS disclosed above are in the sum of £185,672 (2023: £158,398).

Included within Other debtors is a bond of £5,274 with ATOL to 31st March 2025.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 35,455
Trade creditors 60,038 48,670
Tax 6,908 20,454
Social security and other taxes 5,046 2,823
Other creditors 70,808 56,510
Deferred income 907,595 332,189
Accrued expenses 43,039 7,726
1,093,434 503,827

TRAVELBEE LIMITED (REGISTERED NUMBER: 06118478)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years - 38,409
Bank loans - 2-5 years - 38,409
- 76,818

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
- 112,273

The loan in the prior year was a Coronavirus Business Interruption Loan. Lloyds bank Plc holds a fixed and floating charge over the assets of the company.

10. RESERVES
Retained
earnings
£   

At 1 April 2023 321,161
Profit for the year 30,676
Dividends (102,540 )
At 31 March 2024 249,297

11. OTHER FINANCIAL COMMITMENTS

Operating lease commitments not included in the balance sheet amount to £4,419 (2023: £4,209).