Registered number
05614353
TRAVEL VIEW LTD
Filleted Accounts
30 November 2024
TRAVEL VIEW LTD
Registered number: 05614353
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,020 3,553
Current assets
Debtors 4 57,591 68,888
Cash at bank and in hand 408,092 400,304
465,683 469,192
Creditors: amounts falling due within one year 5 (329,188) (315,834)
Net current assets 136,495 153,358
Total assets less current liabilities 139,515 156,911
Creditors: amounts falling due after more than one year 6 (130,317) (143,142)
Net assets 9,198 13,769
Capital and reserves
Called up share capital 1 1
Profit and loss account 9,197 13,768
Shareholder's funds 9,198 13,769
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
K NAIR
Director
Approved by the board on 18 March 2025
TRAVEL VIEW LTD
Notes to the Accounts
for the year ended 30 November 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.
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:
Plant and machinery 15% 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023 21,660
At 30 November 2024 21,660
Depreciation
At 1 December 2023 18,107
Charge for the year 533
At 30 November 2024 18,640
Net book value
At 30 November 2024 3,020
At 30 November 2023 3,553
4 Debtors 2024 2023
£ £
Trade debtors 57,300 60,229
Other debtors 291 8,659
57,591 68,888
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 254,358 197,773
Taxation and social security costs 3,576 3,587
Other creditors 71,254 114,474
329,188 315,834
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 18,275 30,519
Other creditors 112,042 112,623
130,317 143,142
7 Other information
TRAVEL VIEW LTD is a private company limited by shares and incorporated in England. Its registered office is:
56 PLASHET ROAD
LONDON
E13 0RQ
TRAVEL VIEW LTD 05614353 false 2023-12-01 2024-11-30 2024-11-30 VT Final Accounts July 2024 K NAIR No description of principal activity 05614353 2022-12-01 2023-11-30 05614353 core:WithinOneYear 2023-11-30 05614353 core:AfterOneYear 2023-11-30 05614353 core:ShareCapital 2023-11-30 05614353 core:RetainedEarningsAccumulatedLosses 2023-11-30 05614353 2023-12-01 2024-11-30 05614353 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 05614353 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 05614353 bus:Director40 2023-12-01 2024-11-30 05614353 1 2023-12-01 2024-11-30 05614353 2 2023-12-01 2024-11-30 05614353 core:PlantMachinery 2023-12-01 2024-11-30 05614353 countries:England 2023-12-01 2024-11-30 05614353 bus:FRS102 2023-12-01 2024-11-30 05614353 bus:FilletedAccounts 2023-12-01 2024-11-30 05614353 2024-11-30 05614353 core:WithinOneYear 2024-11-30 05614353 core:AfterOneYear 2024-11-30 05614353 core:ShareCapital 2024-11-30 05614353 core:RetainedEarningsAccumulatedLosses 2024-11-30 05614353 core:PlantMachinery 2024-11-30 05614353 2023-11-30 05614353 core:PlantMachinery 2023-11-30 iso4217:GBP xbrli:pure