Silverfin false false 31/05/2024 01/06/2023 31/05/2024 Steve Hull 27/05/2009 Nicholas Andrew Robinson 18/04/2024 Oliver Stacey Robinson 18/04/2024 Emma Staples-Hull 18/04/2024 27/05/2009 Aaron Wade Tipping 18/04/2024 26 February 2025 The principal activity of the company continued to be that of travel agency. 06916818 2024-05-31 06916818 bus:Director1 2024-05-31 06916818 bus:Director2 2024-05-31 06916818 bus:Director3 2024-05-31 06916818 bus:Director4 2024-05-31 06916818 bus:Director5 2024-05-31 06916818 2023-05-31 06916818 core:CurrentFinancialInstruments 2024-05-31 06916818 core:CurrentFinancialInstruments 2023-05-31 06916818 core:Non-currentFinancialInstruments 2024-05-31 06916818 core:Non-currentFinancialInstruments 2023-05-31 06916818 core:ShareCapital 2024-05-31 06916818 core:ShareCapital 2023-05-31 06916818 core:RetainedEarningsAccumulatedLosses 2024-05-31 06916818 core:RetainedEarningsAccumulatedLosses 2023-05-31 06916818 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-05-31 06916818 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-05-31 06916818 core:FurnitureFittings 2023-05-31 06916818 core:OfficeEquipment 2023-05-31 06916818 core:FurnitureFittings 2024-05-31 06916818 core:OfficeEquipment 2024-05-31 06916818 2022-05-31 06916818 bus:OrdinaryShareClass1 2024-05-31 06916818 core:ParentEntities 2024-05-31 06916818 core:ParentEntities 2023-05-31 06916818 core:KeyManagementPersonnel 2024-05-31 06916818 core:KeyManagementPersonnel 2023-05-31 06916818 2023-06-01 2024-05-31 06916818 bus:FilletedAccounts 2023-06-01 2024-05-31 06916818 bus:SmallEntities 2023-06-01 2024-05-31 06916818 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 06916818 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06916818 bus:Director1 2023-06-01 2024-05-31 06916818 bus:Director2 2023-06-01 2024-05-31 06916818 bus:Director3 2023-06-01 2024-05-31 06916818 bus:Director4 2023-06-01 2024-05-31 06916818 bus:Director5 2023-06-01 2024-05-31 06916818 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2023-06-01 2024-05-31 06916818 core:FurnitureFittings core:TopRangeValue 2023-06-01 2024-05-31 06916818 core:OfficeEquipment core:TopRangeValue 2023-06-01 2024-05-31 06916818 2022-06-01 2023-05-31 06916818 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-06-01 2024-05-31 06916818 core:FurnitureFittings 2023-06-01 2024-05-31 06916818 core:OfficeEquipment 2023-06-01 2024-05-31 06916818 core:CurrentFinancialInstruments 2023-06-01 2024-05-31 06916818 core:Non-currentFinancialInstruments 2023-06-01 2024-05-31 06916818 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 06916818 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 06916818 core:KeyManagementPersonnel 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06916818 (England and Wales)

TRAVEL BOOKER LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH THE REGISTRAR

TRAVEL BOOKER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024

Contents

TRAVEL BOOKER LIMITED

BALANCE SHEET

AS AT 31 MAY 2024
TRAVEL BOOKER LIMITED

BALANCE SHEET (continued)

AS AT 31 MAY 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 0 3,194
Tangible assets 4 1,490 2,259
1,490 5,453
Current assets
Debtors 5 143,014 7,511
Cash at bank and in hand 3,088 239,079
146,102 246,590
Creditors: amounts falling due within one year 6 ( 51,281) ( 96,634)
Net current assets 94,821 149,956
Total assets less current liabilities 96,311 155,409
Creditors: amounts falling due after more than one year 7 ( 26,226) ( 85,384)
Provision for liabilities 8, 9 ( 283) ( 565)
Net assets 69,802 69,460
Capital and reserves
Called-up share capital 10 100 100
Profit and loss account 69,702 69,360
Total shareholders' funds 69,802 69,460

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

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Travel Booker Limited (registered number: 06916818) were approved and authorised for issue by the Board of Directors on 26 February 2025. They were signed on its behalf by:

Aaron Wade Tipping
Director
TRAVEL BOOKER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
TRAVEL BOOKER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Travel Booker Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit M3 Middle Of The Mill, Staveley Mill Yard, Staveley, LA8 9LR, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover represents commissions receivable in relation to bookings made by the company in its capacity as an agent, and is stated net of VAT.

Commission is recognised when the customer has completed the service they have purchased.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 4 years straight line
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and included deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors, cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Provisions

Deferred tax provisions are recognised when the Company has a present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 3

3. Intangible assets

Website costs Total
£ £
Cost
At 01 June 2023 212,583 212,583
At 31 May 2024 212,583 212,583
Accumulated amortisation
At 01 June 2023 209,389 209,389
Charge for the financial year 3,194 3,194
At 31 May 2024 212,583 212,583
Net book value
At 31 May 2024 0 0
At 31 May 2023 3,194 3,194

4. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 June 2023 16,953 14,030 30,983
Additions 149 125 274
Disposals 0 ( 1,674) ( 1,674)
At 31 May 2024 17,102 12,481 29,583
Accumulated depreciation
At 01 June 2023 16,691 12,033 28,724
Charge for the financial year 157 886 1,043
Disposals 0 ( 1,674) ( 1,674)
At 31 May 2024 16,848 11,245 28,093
Net book value
At 31 May 2024 254 1,236 1,490
At 31 May 2023 262 1,997 2,259

5. Debtors

2024 2023
£ £
Trade debtors 0 3,329
Amounts owed by Group undertakings (note 11) 141,175 0
Corporation tax 38 110
Other debtors 1,801 4,072
143,014 7,511

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 13,558 54,568
Trade creditors 821 1,931
Taxation and social security 681 36,123
Other creditors 36,221 4,012
51,281 96,634

Included within bank loans are amounts advanced to the company under the Bounce Back Loan Scheme. This loan is fully backed by a government guarantee.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 26,226 85,384

Included within bank loans are amounts advanced to the company under the Bounce Back Loan Scheme. This loan is fully backed by a government guarantee.

8. Provision for liabilities

2024 2023
£ £
Deferred tax 283 565

9. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 565) ( 2,582)
Credited to the Profit and Loss Account 282 2,017
At the end of financial year ( 283) ( 565)

10. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

11. Related party transactions

Transactions with group companies

Amounts owed by Group undertakings

2024 2023
£ £
Inter-Company Loan 141,175 0

Transactions with the entity’s directors (or members of its governing body)

Amounts owed to directors

2024 2023
£ £
Directors' Loan Accounts 0 204

Advances made to the directors in the year were £77,905, interest of £767 (at interest rate of 2.25%), £77,716 has been repaid in the year with £752 written off.