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REGISTERED NUMBER: 11021440 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Period 1 November 2023 to 31 March 2024

for

Blank Canvas Travel Limited

Blank Canvas Travel Limited (Registered number: 11021440)






Contents of the Financial Statements
for the Period 1 November 2023 to 31 March 2024




Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


Blank Canvas Travel Limited

Company Information
for the Period 1 November 2023 to 31 March 2024







DIRECTORS: Timothy Duncan
Jack Duncan





SECRETARY: Timothy Duncan





REGISTERED OFFICE: 5 Riverside Drive
Esher
United Kingdom
KT10 8PG





REGISTERED NUMBER: 11021440 (England and Wales)





ACCOUNTANTS: Merali's Chartered Accountants
Scottish Provident House
76-80 College Road
Harrow
Middlesex
HA1 1BQ

Blank Canvas Travel Limited (Registered number: 11021440)

Report of the Directors
for the Period 1 November 2023 to 31 March 2024

The directors present their report with the financial statements of the company for the period 1 November 2023 to 31 March 2024.

DIRECTORS

DIRECTORS' RESPONSIBILITIES STATEMENT
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Timothy Duncan - Director


13 March 2025

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Blank Canvas Travel Limited


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Blank Canvas Travel Limited for the period ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Blank Canvas Travel Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Blank Canvas Travel Limited and state those matters that we have agreed to state to the Board of Directors of Blank Canvas Travel Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blank Canvas Travel Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Blank Canvas Travel Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Blank Canvas Travel Limited. You consider that Blank Canvas Travel Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Blank Canvas Travel Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Merali's Chartered Accountants
Scottish Provident House
76-80 College Road
Harrow
Middlesex
HA1 1BQ


13 March 2025

Blank Canvas Travel Limited (Registered number: 11021440)

Income Statement
for the Period 1 November 2023 to 31 March 2024

Period
1/11/23
to Year Ended
31/3/24 31/10/23
Notes £    £   

TURNOVER 322,098 629,213

Cost of sales (287,095 ) (603,018 )
GROSS PROFIT 35,003 26,195

Distribution costs (34,397 ) (76,422 )
Administrative expenses (47,080 ) (85,169 )
OPERATING LOSS 4 (46,474 ) (135,396 )


Interest payable and similar expenses (139 ) (357 )
LOSS BEFORE TAXATION (46,613 ) (135,753 )

Tax on loss - -
LOSS FOR THE FINANCIAL PERIOD (46,613 ) (135,753 )

Blank Canvas Travel Limited (Registered number: 11021440)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 42,776 43,484
Tangible assets 6 1,075 2,451
43,851 45,935

CURRENT ASSETS
Debtors 7 89,657 141,503
Cash at bank and in hand 14,442 46,076
104,099 187,579
CREDITORS
Amounts falling due within one year 8 (213,962 ) (471,116 )
NET CURRENT LIABILITIES (109,863 ) (283,537 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(66,012

)

(237,602

)

CREDITORS
Amounts falling due after more than one year 9 (5,134 ) (6,931 )
NET LIABILITIES (71,146 ) (244,533 )

CAPITAL AND RESERVES
Called up share capital 530,100 310,100
Retained earnings (601,246 ) (554,633 )
(71,146 ) (244,533 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by Timothy Duncan the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





Timothy Duncan - Director


Blank Canvas Travel Limited (Registered number: 11021440)

Notes to the Financial Statements
for the Period 1 November 2023 to 31 March 2024

1. STATUTORY INFORMATION

Blank Canvas Travel Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Going concern
The accounts have been prepared on a going concern basis. The directors have formed a judgement at the time of approving the financial statements, that there is a reasonable expectation that the company has adequate resources to enable the company to continue in its operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

Blank Canvas Travel Limited (Registered number: 11021440)

Notes to the Financial Statements - continued
for the Period 1 November 2023 to 31 March 2024

4. OPERATING LOSS

The operating loss is stated after charging:

Period
1/11/23
to Year Ended
31/3/24 31/10/23
£    £   
Depreciation - owned assets 173 1,147
Computer software amortisation 3,698 8,408

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023 85,771
Additions 2,990
At 31 March 2024 88,761
AMORTISATION
At 1 November 2023 42,287
Charge for period 3,698
At 31 March 2024 45,985
NET BOOK VALUE
At 31 March 2024 42,776
At 31 October 2023 43,484

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 516 4,070 4,586
Disposals - (2,405 ) (2,405 )
At 31 March 2024 516 1,665 2,181
DEPRECIATION
At 1 November 2023 516 1,619 2,135
Charge for period - 173 173
Eliminated on disposal - (1,202 ) (1,202 )
At 31 March 2024 516 590 1,106
NET BOOK VALUE
At 31 March 2024 - 1,075 1,075
At 31 October 2023 - 2,451 2,451

Blank Canvas Travel Limited (Registered number: 11021440)

Notes to the Financial Statements - continued
for the Period 1 November 2023 to 31 March 2024

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 7,933 1,675
Other debtors 2,287 -
Directors' current accounts - 3,726
VAT 2,452 4,283
Prepayments 51,985 106,819
64,657 116,503

Amounts falling due after more than one year:
Other debtors 25,000 25,000

Aggregate amounts 89,657 141,503

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,645 4,645
Trade creditors 38,791 31,943
Other creditors (4 ) (5 )
Amex Credit Card 6,052 28,363
Gold Business Supplementar£001 6,239 -
Directors' current accounts 40,679 206,256
Accruals and deferred income 111,866 197,314
Accruals 5,694 2,600
213,962 471,116

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bounce Back Loan 5,134 6,931

10. RELATED PARTY DISCLOSURES

Creditors include an amount of £31,789 (2023: £206,256) payable to Tim Duncan and £8,889 (2023: £3,726 receivable) payable to Jack Duncan, both directors of the company. These are interest-free and payable on demand loans provided to the company.