Registered number
04748141
Polonez Travel Limited
Filleted Accounts
30 April 2024
Polonez Travel Limited
Registered number: 04748141
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 60,636 60,636
Tangible assets 4 2,889 3,082
63,525 63,718
Current assets
Debtors 5 4,050 7,913
Cash at bank and in hand 207,296 221,244
211,346 229,157
Creditors: amounts falling due within one year 6 (8,935) (22,303)
Net current assets 202,411 206,854
Total assets less current liabilities 265,936 270,572
Provisions for liabilities (586) (586)
Net assets 265,350 269,986
Capital and reserves
Called up share capital 40,000 40,000
Profit and loss account 225,350 229,986
Shareholders' funds 265,350 269,986
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.
Malgorzata Oldakowski-Pacak
Director
Approved by the board on 31 January 2025
Polonez Travel Limited
Notes to the Accounts
for the year ended 30 April 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 evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% per annum on reducing balance
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.
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 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 72,636
At 30 April 2024 72,636
Amortisation
At 1 May 2023 12,000
At 30 April 2024 12,000
Net book value
At 30 April 2024 60,636
At 30 April 2023 60,636
Goodwill purchased is currently not being amortised.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 24,395
Additions 770
At 30 April 2024 25,165
Depreciation
At 1 May 2023 21,313
Charge for the year 963
At 30 April 2024 22,276
Net book value
At 30 April 2024 2,889
At 30 April 2023 3,082
5 Debtors 2024 2023
£ £
Trade debtors 972 6,098
Other debtors 3,078 1,815
4,050 7,913
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 7,763 23,332
Taxation and social security costs (893) (1,029)
Other creditors 2,065 -
8,935 22,303
7 Other information
Polonez Travel Limited is a private company limited by shares and incorporated in England. Its registered office is:
16 Trnity Road
London
SW17 7RE
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