Registered number
09552801
www.Go-Travel.agency Ltd
Unaudited Filleted Accounts
For the year-ended 31 August 2024
www.Go-Travel.agency Ltd
Registered number: 09552801
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 1,835 2,447
Current assets
Debtors 5 174,230 149,252
Cash at bank and in hand 29,236 56,224
203,466 205,476
Creditors: amounts falling due within one year 6 (345,974) (293,109)
Net current liabilities (142,508) (87,633)
Total assets less current liabilities (140,673) (85,186)
Creditors: amounts falling due after more than one year 7 (7,199) (16,015)
Provisions for liabilities (643) (440)
Net liabilities (148,515) (101,641)
Capital and reserves
Called up share capital 30,000 30,000
Profit and loss account (178,515) (131,641)
Shareholders' funds (148,515) (101,641)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
V. Morris
Director
Approved by the board on 11 October 2024
www.Go-Travel.agency Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Office equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Intangible fixed assets £
Website development costs:
Cost
At 1 September 2023 27,768
At 31 August 2024 27,768
Amortisation
At 1 September 2023 27,768
At 31 August 2024 27,768
Net book value
At 31 August 2024 -
Website costs are being written off in equal annual instalments over its estimated economic life of 4 years.
4 Tangible fixed assets
Plant and machinery Office Equipment Total
£ £ £
Cost
At 1 September 2023 14,333 6,638 20,971
At 31 August 2024 14,333 6,638 20,971
Depreciation
At 1 September 2023 14,333 4,191 18,524
At 31 August 2024 14,333 4,803 19,136
Net book value
At 31 August 2024 - 1,835 1,835
At 31 August 2023 - 2,447 2,447
5 Debtors 2024 2023
£ £
Trade debtors 3,641 3,687
Amounts owed by group undertakings and undertakings in which the company has a participating interest 139,721 123,011
Other debtors 30,868 22,554
174,230 149,252
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,401 11,273
Trade creditors 858 854
Taxation and social security costs 1,962 26,514
Other creditors 332,753 254,468
345,974 293,109
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,199 16,015
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 17,600 27,288
The bank loan is a bounceback loan guaranteed by HM Treasury.
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
D. Hodson
Director's loan account 10,000 - (10,000) -
10,000 - (10,000) -
10 Related party transactions
Included in debtors under 1 year is £55,960 (2023 - £39,250) owing from Go-Montgenevre Ltd. Go-Montgenevre Ltd owns 100% of the issued share capital of www.Go-Travel.agency Limited. This amount is interest free and repayable on demand.

Included in debtors under 1 year is £83,761 (2023 - £83,761) owing from Holiday Enterprises S.A.R.L. a company under common control. This amount is interest free and repayable on demand.

Included in other creditors under 1 year is £nil (2023 - £10,000) owing from D. Hodson, a director of the company. This amount is interest free and repayable on demand.

During the year the company purchased software £30,000 (2023 - £nil) from Logystica Ltd. Logystica Ltd is 50% owned by B. Hodson, husband of D. Hodson, a director of the company.
11 Controlling party
Go-Montgenevre Ltd owns 100% of the issued share capital of www.Go-Travel.agency Limited. Go-Montgenevre Ltd has company number 05889634 and its registered office is 27 Pitfold Avenue, Haslemere, GU27 1PN.
12 Other information
www.Go-Travel.agency Ltd is a private company limited by shares and incorporated in England. Its registered office is:
78 Bute Street
Luton
LU1 2EY
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