Company registration number 11059176 (England and Wales)
TRIBAL TRACKS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
TRIBAL TRACKS LTD
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
TRIBAL TRACKS LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,521
3,923
Current assets
Debtors
307
270
Cash at bank and in hand
41,103
44,762
41,410
45,032
Creditors: amounts falling due within one year
(32,413)
(47,820)
Net current assets/(liabilities)
8,997
(2,788)
Total assets less current liabilities
13,518
1,135
Creditors: amounts falling due after more than one year
(5,211)
(8,467)
Provisions for liabilities
5
(859)
(746)
Net assets/(liabilities)
7,448
(8,078)
Capital and reserves
Called up share capital
6
10,000
10,000
Profit and loss reserves
(2,552)
(18,078)
Total equity
7,448
(8,078)
TRIBAL TRACKS LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MAY 2024
31 May 2024
- 2 -

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 February 2025 and are signed on its behalf by:
Mrs C J Richards
Director
Company registration number 11059176 (England and Wales)
TRIBAL TRACKS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
1
Accounting policies
Company information

Tribal Tracks Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 19, Imperial Square, Cheltenham, Gloucestershire, England, GL50 1QZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

The company acts as principal in the tours that it organises. Turnover is therefore measured at the total transaction value of bookings made by clients, net of Tour Operators Margin Scheme VAT, and is recognised at the date the trip commences.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
Over 3 years
Computers
Over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

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 statement of financial position date.

 

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

TRIBAL TRACKS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Total
£
Cost
At 1 June 2023
9,052
Additions
3,981
Disposals
(3,264)
At 31 May 2024
9,769
Depreciation and impairment
At 1 June 2023
5,129
Depreciation charged in the year
2,425
Eliminated in respect of disposals
(2,306)
At 31 May 2024
5,248
Carrying amount
At 31 May 2024
4,521
At 31 May 2023
3,923
4
Loans and overdrafts
2024
2023
£
£
Bank loans
9,211
12,467
Payable within one year
4,000
4,000
Payable after one year
5,211
8,467
5
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
859
746
TRIBAL TRACKS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 5 -
6
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
Ordinary shares of £100 each
10,000
10,000
7
Related party transactions

Mrs G K Hall

Director and shareholder

 

In a previous period, Mrs Hall loaned the company £16,540 as working capital. During the year, the company repaid Mrs Hall £11,921. The balance is repayable on demand, unsecured and no interest has been charged. The amount due to the related party at the year end was £4,619 (2023: £16,540).

 

Mrs C J Richards

Director and shareholder

 

In a previous period, Mrs Richards loaned the company £15,444 as working capital. During the year, the company repaid Mrs Richards £13,139. The balance is repayable on demand, unsecured and no interest has been charged. The amount due to the related party at the year end was £2,305 (2023: £15,444).

 

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