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COMPANY REGISTRATION NUMBER: 07625632
Group Travel Organisers Association Ltd
Company Limited by Guarantee
Filleted Unaudited Financial Statements
31 August 2024
Group Travel Organisers Association Ltd
Company Limited by Guarantee
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
£
Current assets
Debtors
5
20,002
17,475
Cash at bank and in hand
27,960
28,957
--------
--------
47,962
46,432
Creditors: amounts falling due within one year
6
31,281
26,187
--------
--------
Net current assets
16,681
20,245
--------
--------
Total assets less current liabilities
16,681
20,245
Creditors: amounts falling due after more than one year
7
4,667
10,267
--------
--------
Net assets
12,014
9,978
--------
--------
Capital and reserves
Profit and loss account
12,014
9,978
--------
-------
Members funds
12,014
9,978
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 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 .
Group Travel Organisers Association Ltd
Company Limited by Guarantee
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 6 December 2024 , and are signed on behalf of the board by:
Mr D T Steele
Director
Company registration number: 07625632
Group Travel Organisers Association Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Peershaws, Bures Road, White Colne, Colchester, CO6 2QB, Essex.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Company limited by guarantee
The company is limited by guarantee and does not have a share capital. In the event of the company being wound up the liability of the members is limited to £1.
5. Debtors
2024
2023
£
£
Trade debtors
18,272
15,000
Other debtors
1,730
2,475
--------
--------
20,002
17,475
--------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
5,600
5,600
Trade creditors
1,896
1,564
Accruals and deferred income
21,742
17,150
Corporation tax
36
36
Social security and other taxes
1,240
1,070
Other creditors
767
767
--------
--------
31,281
26,187
--------
--------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,667
10,267
-------
--------