Voyage Relocations International Limited 04206037 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is the provision of immigration consultancy. Digita Accounts Production Advanced 6.30.9574.0 true true 04206037 2023-07-01 2024-06-30 04206037 2024-06-30 04206037 core:CurrentFinancialInstruments 2024-06-30 04206037 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 04206037 core:FurnitureFittingsToolsEquipment 2024-06-30 04206037 core:OtherPropertyPlantEquipment 2024-06-30 04206037 bus:SmallEntities 2023-07-01 2024-06-30 04206037 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 04206037 bus:FilletedAccounts 2023-07-01 2024-06-30 04206037 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04206037 bus:RegisteredOffice 2023-07-01 2024-06-30 04206037 bus:Director1 2023-07-01 2024-06-30 04206037 bus:Director2 2023-07-01 2024-06-30 04206037 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04206037 core:FurnitureFittings 2023-07-01 2024-06-30 04206037 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 04206037 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 04206037 core:PlantMachinery 2023-07-01 2024-06-30 04206037 countries:EnglandWales 2023-07-01 2024-06-30 04206037 2023-06-30 04206037 core:FurnitureFittingsToolsEquipment 2023-06-30 04206037 core:OtherPropertyPlantEquipment 2023-06-30 04206037 2022-07-01 2023-06-30 04206037 2023-06-30 04206037 core:CurrentFinancialInstruments 2023-06-30 04206037 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 04206037 core:FurnitureFittingsToolsEquipment 2023-06-30 04206037 core:OtherPropertyPlantEquipment 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 04206037

Voyage Relocations International Limited

Unaudited Annual Report and Financial Statements

for the Year Ended 30 June 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Voyage Relocations International Limited

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Financial Statements

4 to 7

 

Voyage Relocations International Limited

Company Information

Directors

H E Foster

M Foster

Registered office

83 Victoria Street
London
SW1H 0HW

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Voyage Relocations International Limited

Statement of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

20,826

23,176

Current assets

 

Debtors

5

84,835

96,632

Cash at bank and in hand

 

29,854

56,757

 

114,689

153,389

Creditors: Amounts falling due within one year

6

(99,657)

(101,552)

Net current assets

 

15,032

51,837

Total assets less current liabilities

 

35,858

75,013

Provisions for liabilities

(1,150)

(1,075)

Net assets

 

34,708

73,938

Capital and reserves

 

Called up share capital

100

100

Retained earnings

34,608

73,838

Shareholders' funds

 

34,708

73,938

 

Voyage Relocations International Limited

Statement of Financial Position as at 30 June 2024

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the Board on 27 March 2025 and signed on its behalf by:
 

.........................................

M Foster

Director

Company registration number: 04206037

 

Voyage Relocations International Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
83 Victoria Street
London
SW1H 0HW

The principal activity of the company is the provision of immigration consultancy.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

Whilst levels of immigratory travel have rebounded post Covid, the current political landscape and global inflationary pressures continue to generate short term uncertainty on levels of immigration which may impact upon the business.

The directors regularly assess the ongoing impact upon the company, but the costs saving and efficiency measures introduced in recent years continue to mitigate and lessen such impacts. This has ensured that company cash flow has been positively managed and the impact of economic uncertainties on the company's operations has been mitigated as far as possible.

The directors have continued to monitor income levels throughout the period and when combined with ongoing cost management, remain confident that the company has secured access to sufficient levels of working capital to meet the needs of the business for the foreseeable future. Post year end trading remains profitable, as such the financial statements have been prepared on the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of Value Added Tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

 

Voyage Relocations International Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Property, plant and equipment

25% reducing balance

Fixtures, fittings and equipment

25% reducing balance / 33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Voyage Relocations International Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company during the year, was 3 (2023 - 3).

4

Tangible assets

Furniture, fittings and equipment
 £

Property, plant and equipment
£

Total
£

Cost or valuation

At 1 July 2023

18,902

29,744

48,646

Additions

3,147

-

3,147

Disposals

(10,817)

(3,267)

(14,084)

At 30 June 2024

11,232

26,477

37,709

Depreciation

At 1 July 2023

14,796

10,674

25,470

Charge for the year

2,174

2,841

5,015

Eliminated on disposal

(10,335)

(3,267)

(13,602)

At 30 June 2024

6,635

10,248

16,883

Carrying amount

At 30 June 2024

4,597

16,229

20,826

At 30 June 2023

4,106

19,070

23,176

 

Voyage Relocations International Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

5

Debtors

2024
£

2023
£

Trade debtors

15,060

21,070

Other debtors

69,775

75,562

84,835

96,632

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

42,982

30,891

Accruals and deferred income

56,648

55,573

Other creditors

27

15,088

99,657

101,552

7

Related party transactions

Transactions with directors

As at 30 June 2024 an amount of £64,639 (2023: £75,532) was due from a director. During the year advances of £80,405 and repayments of £93,239 were made. Interest of £1,941 (2023: £2,046) has been charged on this amount at a rate of 2.25%. There are no set terms in place.