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Registered number: 06726609
MV First Travel Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Augustus & Co
Chartered Certified Accountants
374 Ley Street
Ilford
Essex
IG1 4AE
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Director Mr Michael Vincent
Company Number 06726609
Registered Office 330 Straight Road
Romford
Essex
RM3 8XX
Accountants Augustus & Co
Chartered Certified Accountants
374 Ley Street
Ilford
Essex
IG1 4AE
Page 1
Page 2
Balance Sheet
Registered number: 06726609
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,464 1,325
3,464 1,325
CURRENT ASSETS
Debtors 5 77,303 62,443
Cash at bank and in hand 143,924 174,291
221,227 236,734
Creditors: Amounts Falling Due Within One Year 6 (27,949 ) (36,417 )
NET CURRENT ASSETS (LIABILITIES) 193,278 200,317
TOTAL ASSETS LESS CURRENT LIABILITIES 196,742 201,642
Creditors: Amounts Falling Due After More Than One Year 7 (6,078 ) (15,176 )
NET ASSETS 190,664 186,466
CAPITAL AND RESERVES
Called up share capital 8 40,000 40,000
Profit and Loss Account 150,664 146,466
SHAREHOLDERS' FUNDS 190,664 186,466
Page 2
Page 3
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Vincent
Director
24 January 2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
MV First Travel Ltd Registered number 06726609 is a limited by shares company incorporated in England & Wales. The Registered Office is 330 Straight Road, Romford, Essex, RM3 8XX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied as a travel agent as noted in the directors report by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on cost
2.4. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 5 7
5 7
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2023 8,094
Additions 3,000
As at 31 October 2024 11,094
Depreciation
As at 1 November 2023 6,769
Provided during the period 861
As at 31 October 2024 7,630
Net Book Value
As at 31 October 2024 3,464
As at 1 November 2023 1,325
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 76,742 61,894
Other taxes and social security 561 549
77,303 62,443
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 490 -
Bank loans and overdrafts 10,410 10,657
Corporation tax 459 563
BSP outsanding cash sales at year end 10,805 19,277
Accruals and deferred income 1,068 1,953
Director's loan account 4,717 3,967
27,949 36,417
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,078 15,176
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
40,000 Ordinary Shares of £ 1.00 each 40,000 40,000
Page 5